Tesla CEO Elon Musk seemingly confirmed on Tuesday that the company is working on a strategy for getting into transportation services.

During Tesla’s third-quarter earnings conference call, Musk was asked if the company was planning to get into an Uber-like business. Musk tried to keep mum, but when pressed he hinted that the company was at least entertaining the idea.

“There is a right time to make announcements and this is not that time,” Musk said during the call.

He added that the strategy for such a service was not yet “fully-baked,” which implies the company does in fact have some semblance of a strategy.