Tesla Eyes Full Self-Driving Rollout in China, Faces Regulatory Challenges

GuruFocus.com02-24

Tesla (NASDAQ:TSLA) is gearing up to roll out Full Self-Driving (FSD) capabilities in China, offering a new software update with driver-assist features similar to those available in the U.S., Bloomberg reported Monday.

    The update will allow Tesla vehicles to navigate city streets, recognize traffic signals, manage lane changes and speed adjustments, and guide vehicles through exit ramps and intersections. The rollout will begin with select models in the coming days before expanding further.

    According to the report, the FSD package costs 64,000 yuan ($8,900) for Chinese customers.

    CEO Elon Musk has been working to secure regulatory approval for FSD in China, facing hurdles from both Beijing and Washington over how the system is trained for local roads. To navigate these challenges, Tesla engineers have used publicly available online videos of Chinese streets to train the system.

    Musk aims to officially launch FSD in China later this year.

    Tesla shares fell 1.27% to $333.50 at 11:53 AM ET Monday.

    This article first appeared on GuruFocus.
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