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Tesla Motors Inc is planning to roll out a Uber-like ride sharing program, reported Reuters. The company said it would announce the details next year. It was first outlined by Chief Executive Elon Musk in his master plan in July.
News of the Tesla Network was in a disclaimer about the self-driving functionality on new Model S vehicles. Musk said Tesla is building new vehicles with the necessary hardware to eventually enable full autonomy, but the software is not yet ready.
"Please note that using a self-driving Tesla for car sharing and ride hailing for friends and family is fine, but doing so for revenue purposes will only be permissible on the Tesla Network, details of which will be released next year," read the disclaimer.
While the ride sharing industry is dominated by Uber, investors have been rushing in to invest in the project, both in selling vehicles and in the on-demand service.
It is the first step by Tesla towards self-driving taxi service.
Venture capitalists and corporate investors had poured nearly $28 billion into the ride services sector in the past decade as of June, according to a Reuters analysis.
