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Tesla may enter ride ride-hailing business in 2017

2016-10-22 06:30

Tesla announced that all its models currently in production would be rolled-out with autonomous technology. Watch this Tesla drive through urban streets and park itself using the automaker's Full Self-Driving Hardware.

Detroit - Electric automaker Tesla Motors has plans to get into the ride-hailing and sharing businesses.

The company hinted at the venture earlier this week when it announced that all of its cars would come equipped with hardware needed to drive themselves.

The company says in a disclaimer that use of self-driving Teslas to make money with ride-hailing or sharing will be allowed only on Tesla's own network. Details will be released in 2017.

WATCH: Tesla drives itself through urban streets, finds parking spot

A Tesla spokeswoman wouldn't comment on the matter.

Tesla announced Wednesday that all cars including the lower-cost Model 3 would have more cameras, sensors, radar and computing power so they can drive themselves. Software would be updated over the internet to allow the cars to do more as the features are tested.

Read more on:    tesla  |  gear and tech

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