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 Technologies Inc. Chief Executive Officer Dara Khosrowshahi said Elon Musk was not open to making Tesla Inc.’s planned robotaxis available on the ride-sharing platform, making Uber a future competitor.

They want to build it alone, so to some extent in Austin, [Uber] and Waymo will be competition with Tesla when they launch,” said Uber CEO Dara Khosrowshahi at the Miami FII

Tesla (NASDAQ:TSLA) is set to launch its first autonomous robotaxi service in Austin, Texas in June. The city is seen as ideal for Tesla (NASDAQ:TSLA) because it is now the location of the company's headquarters,