Tesla is taking steps to launch a ride-sharing service that could compete directly with Uber, Lyft and Waymo. Why it matters: Tesla has long pledged to run an autonomous vehicle network, which could become a significant new source of revenue at a time when its sales have flattened.

Uber and Lyft are both planning to deploy autonomous taxis in the U.S. this year. Uber has partnered with Waymo to deploy its self-driving Jaguar I-Pace EVs in Austin first and then in Atlanta later this year. Lyft has partnered with start-up May Mobility, AV technology company Mobileye and dashcam firm Nexar to deploy robotaxis in Atlanta.