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VOL. 40 | NO. 43 | Friday, October 21, 2016

Tesla may enter ride ride-hailing business next year

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DETROIT (AP) — Electric car maker 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 next year.

A message left for a Tesla spokeswoman was not immediately answered on Friday.

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.

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