Catching up to Waymo won't be easy because it has partnered with Uber Technologies, which operates the world's largest ride-hailing network with 170 million monthly users. It could take Tesla years to achieve that level of scale, especially if it builds its own mobility network from scratch.

Tesla shares jumped Tuesday after CEO Elon Musk said over the weekend that he plans to be "super focused" on his businesses and return to "spending 24/7 at work."

A group of Tesla shareholders said they feared Elon Musk's car maker was being impacted by "long-term damage."