In 2016, Tesla (NASDAQ: TSLA) CEO Elon Musk first revealed plans to develop a fully autonomous self-driving robotaxi. While it's still not on the road seven years later, he just hinted it's closer than ever -- it might even be ready this year. 

In a wide-ranging interview with CNBC's David Faber yesterday, Musk added a little more color to his vision for the project, and serving as a self-driving ride-hailing platform appears to be a big part of the value proposition. 

The undisputed global ride-hailing leader today is Uber Technologies (NYSE: UBER), which is currently working on its own self-driving technology. But with a giant like Tesla entering the space, should Uber be worried? 

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Source Fool.com