Elon Musk says there’s ‘no need’ for Tesla to buy Uber, and the reason is the company’s rival to Google Waymo

Tesla CEO Elon Musk dismissed speculation about acquiring Uber, saying the electric vehicle maker has “all the ingredients necessary” to launch its own autonomous ride-hailing fleet that will compete directly with Waymo and other self-driving services. In a CNBC interview, Musk outlined his vision for Tesla’s autonomous ride-hailing service, describing a “combination of a Tesla-owned fleet and also enabling Tesla owners to be able to add or subtract their car to the fleet” for autonomous use. This would allow Tesla owners to earn money when they’re not using their vehicles.

“I think it’s maybe possible for Tesla owners to make more in allowing the car to be added to the self-driving fleet than it costs them in the lease,” Musk told CNBC’s David Faber, comparing the business model to “some combination of Airbnb and Uber.”