
Tesla CEO Elon Musk: No need to buy Uber, have millions of cars
- by cnbctv18
- May 21, 2025
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Read more: Elon Musk says Tesla, xAI will continue buying chips from Nvidia and AMD
Musk compared the business model to a combination of Airbnb and Uber. "Just like Airbnb, you can rent out your spare bedroom or your house if you are not using it and make money on it. That's what we expect Tesla customers to be able to do," said the billionaire.
Musk also stated that Tesla is not missing out on anything and has all the capacity to scale up, from logistics to creating the app. "Tesla has all the ingredients that are ready to offer a vast self-driving fleet overnight," he said.
Responding to a question on the billionaire CEO indicating more control of Tesla, Musk said that he needs "enough control to not get ousted by activist investors in the future," adding that around a 25% level is the comfortable limit.
"That's the number I feel comfortable at because that's where I have some control but not so much that I can't be thrown out," he said.
Speaking on the long-term plans for the company in the automotive business, whether it is all about robo-taxis or robots, Musk said that the only thing that matters in the long term is autonomy and Optimus.
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