While Uber and Lyft have been dominating the ridesharing industry and revolutionizing urban mobility, they’re likely to meet a new top competitor in Tesla.
The company has had its own ridesharing app in the works for some time. Uber and Lyft are at a disadvantage, as neither of them has made a profit.
Much of this has been attributed to how they’ve relied heavily on venture capital and IPO filings to stay afloat which has put them in a bind. [Read more…] about Tesla to launch ridesharing app, with Tesla’s Driver Insurance