Tesla Shares Rise 4.5% on Autonomous Driving in China, and the Optimus Opportunity
Tesla Inc.'s full-self-driving test may have begun in China after Shanghai issued a road test permit to the electric vehicle maker, according to a Caixin report, which cited an unidentified person. Tesla China did not respond to Caixin seeking comments. The latest news comes after reports late last month that Tesla was close to registering its Full Self-Driving software with authorities in China. FSD sales in China would open a crucial source of revenue for Tesla , which has seen its sales volume in the region fall this year by more than 7% through the first four months of the year. Tesla is reportedly considering selling FSD as a monthly subscription in China. Currently, Tesla offers versions of its Autopilot driver assistance systems to Tesla owners in China. Tesla in a late April reportedly reached an agreement with Baidu to access the local search giant's mapping license for data collection on Chinese roads, Reuters reported.