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.

The move is a key step by the company to begin carrying paying customers while its traditional car-selling business falters.

Tesla applied for a permit with the California Public Utilities Commission to operate a transportation service in the state — a required first step if the