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Billionaire Elon Musk said on Apr. 24 that a Tesla (Nasdaq: TSLA) car will earn money for the owner.
The automotive company has launched a full self-driving (FSD) supervised ride-hailing service. The service is live for an early set of Tesla employees in Austin and the San Francisco Bay Area. The company claimed to have completed over 1,500 trips and 15,000 driving miles so far.
"It's like Uber, but the car drives itself," a popular account posted on X.
Entrepreneur Karl Mehta remarked, "Passive income, but make it sci-fi."
Once the Tesla CEO posted about the development, up came the question from an X user, "Can passengers pay with crypto?"
Note that Tesla began accepting Bitcoin as a form of payment on March 24, 2021, before pausing it after 49 days on May 13, 2021.
The automotive company announced in its earnings report for the first quarter of 2025 on Apr. 22 that it has not sold its Bitcoin holdings. As of now, Tesla holds 11,509 Bitcoin worth $1.05 billion on its balance sheet.
In Q1 2025, Tesla reported $19.34 billion in revenue against the expectation of $21.3 billion and $0.27 earnings per share (EPS) against the expectation of $0.41.
Musk told Tesla investors that he would step back from his role at the Department of Government Efficiency (DOGE) next month and spend more time running the company.
The Tesla share was trading at $251.12 in pre-market hours on Apr. 24. Though it has risen 10% since Apr. 21, it is still 38% down year-to-date (YTD).