Tesla introduces new ride-hailing service

Tesla introduces a ride-hailing service with no humans driving the vehicles.

CEO Elon Musk and others at an event for investors detailed the company's plans to have self-driving vehicles operational by next year.

Musk says Tesla's self-driving software is storing images and learning at an exponential rate. He's confident Tesla will get regulatory approval for the service sometime next year as well.

Tesla would allow owners to use their smart phones to put their cars into the ride-hailing service while they're not being used. The company would take 25% to 30% of the fare. Musk says Tesla would provide vehicles in areas where not enough people share their cars.