28 Oct '16, 4am

Elon Musk Says Tesla Network Offers Owners Economic Opportunity, Not…

Elon Musk Says Tesla Network Offers Owners Economic Opportunity, Not…

Elon Musk said that his Tesla Network concept will offer Tesla owners an economic opportunity, and won’t be a threat to ride-hailing giant Uber. During the automaker’s third quarter conference call yesterday, Tesla CEO Musk said that Tesla Network, the company’s concept for an autonomous car-sharing service, offers Tesla owners a way to make income from their vehicles when they’re not using them. It’s more of a cost savings benefit to owners than a profit center for Tesla, he said. “This would be something that would be a significant offset on the cost of ownership of a car and then a revenue generator for Tesla as well; obviously, the majority of the economics would go to the owner of the car,” Musk said. “It’s not Tesla versus Uber. It’s the people versus Uber.” Last week, Tesla added a disclaimer to its website about the self-driving capabilities of its new Model S vehi...

Full article: http://www.hybridcars.com/elon-musk-says-tesla-network-of...

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