Jae C. Hong/Associated Press Unlike Cruise and Waymo, Tesla has created a business around building cars and selling them to consumers. This business model has been wildly successful for Tesla, now valued as highly as three of General Motors. But Tesla is hamstrung by this model, as far as the potentially $8 trillion autonomous ride-hailing and ride-sharing business is concerned. Tesla is trapped, having created great products that consumers want and love, but also watching as competitors design all-new businesses optimized for self-driving economics. Visit Business Insider's homepage for more stories. Tesla is the dominant electric carmaker in the industry — an impressive achievement in just over 15 years of existence.