Tesla FSD reportedly gets tentative approval in China

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ The article reported that Tesla FSD (Full Self-Driving) reportedly received tentative approval in China. Tesla CEO Elon Musk recently arrived in China during the ongoing Beijing Auto Show. According to the Wall Street Journal, Chinese officials have stated that Beijing has tentatively approved Tesla’s FSD plans. Tesla FSD has cleared a few critical regulatory hurdles that have kept it from releasing in China. Among those hurdles is Tesla’s mapping and navigation functions in China.

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My Take: This is a milestone for Tesla and Elon Musk who recently announced Robotaxi to be unveiled on 8 August. When everyone is worried about the regulatory hurdle in China, Tesla did the impossible again. Tesla share price has risen 13% at pre- market showing increase in investors confidence of the company heading the right direction.

Source:

Tesla FSD reportedly gets tentative approval in China - Teslarati

$BYD COMPANY(01211.HK)$ $BYD Co.(BYDDF.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Tesla(TSLA.US)$ $VOLKSWAGEN A G(VWAGY.US)$ $NIO Inc(NIO.US)$ $Li Auto(LI.US)$ $XPeng(XPEV.US)$ $General Motors(GM.US)$ $Ford Motor(F.US)$ $Rivian Automotive(RIVN.US)$ $MERCEDES-BENZ GROUP AG(MBGAF.US)$ $TOYOTA MOTOR CORP(TOYOF.US)$ $GEELY AUTO(00175.HK)$ $Stellantis NV(STLA.US)$

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ZnWC

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.

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