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  • 5 months ago
Tesla shares held steady Tuesday as new records and airport statements showed the automaker is seeking permits to expand its ride-hailing operations at the Bay Area’s three major airports, according to Politico. In summer correspondence, Tesla’s senior regulatory counsel said the company was working with three Bay Area airports to secure the permits needed for terminal access. Airline hubs are seen as prime targets for AV and ride-hailing firms due to heavy traffic and steady demand, and Tesla has been enrolling Bay Area riders since July under limited permissions while seeking broader approvals. SFO spokesperson Doug Yakel confirmed the airport received Tesla’s inquiry and began scheduling discussions. Rival Waymo recently secured San Jose airport access after extended negotiations, while regulatory hurdles complicate Elon Musk’s robotaxi ambitions. Tesla stock has gained over 60% in the past year and last traded 0.18% higher at $347.28.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:03Tesla shares held steady Tuesday as new records and airport statements showed the automaker
00:07is seeking permits to expand its ride-hailing operations at the Bay Area's three major airports,
00:13according to Politico. In summer correspondence, Tesla's senior regulatory counsel said the
00:18company was working with three Bay Area airports to secure the permits needed for terminal access.
00:24Airline hubs are seen as prime targets for AV and ride-hailing firms due to heavy traffic
00:29and steady demand, and Tesla has been enrolling Bay Area riders since July under limited permissions
00:35while seeking broader approvals. SFO spokesperson Doug Yackel confirmed the airport received Tesla's
00:42inquiry and began scheduling discussions. Rival Waymo recently secured San Jose Airport access
00:48after extended negotiations, while regulatory hurdles complicate Elon Musk's robo-taxi ambitions.
00:54Tesla stock has gained over 60% in the past year, and last, traded 0.18% higher at $347.28.
01:02For all things money, visit Benzinga.com.
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