Tesla's Big Rally on China Developments Is Called Overdone by Wells Fargo

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Tesla's Big Rally on China Developments Is Called Overdone by Wells Fargo

seekingalpha04-30

Tesla (NASDAQ:TSLA) saw a big rally on Monday, with shares up 15% after Elon Musk's surprise visit to China and the announcement of an expansion of the company's partnership with Baidu (BIDU).Wells ...

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Tonykhoo
·04-30
Well fargo cannot be trusted
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However, there're no details of the partnership in terms of economics & data sharing. Also, TSLA's FSD system is vision-only with decisions that are not dependent on mapping, so Baidu's role in the FSD tech is unclear.\"Langan also warned that there could be restrictions on sharing data, which could limit Tesla's (TSLA) ability to leverage the tech progress it has seen in the U.S.There is also the glaring point that Chinese electric vehicle makers are fast followers and could undercut Tesla (TSLA) on pricing. Advanced driver-assistance systems are already going mainstream in China, with XPeng (XPEV) and Xiaomi (OTCPK:XIACF) two of the notable players. Li Auto (LI) and BYD Company (OTCPK:BYDDF) also have advanced driver-assistance systems plans of their own.Morgan Stanley went in a different direction with the Tesla (TSLA) developments. Notably, analyst Adam Jonas said investor concerns about the focus of Elon Musk on Tesla (TSLA) could be alleviated after the China trip. 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