Tesla - FSD in China! Ultra big potential omg 😳
Good news! Musk leaves China with Tesla driving software hurdles cleared. Tesla moves closer to rolling out more autonomous driving features in the world's biggest auto market.
Yesterday, Tesla has cleared some key regulatory hurdles that have long hindered it from rolling out its self-driving software in China, paving the way for a favourable result from Elon Musk's surprise visit to China.
Tesla CEO Elon Musk met with Chinese Premier Li Qiang
According to reliable news, Tesla's Model 3 and Y cars were among the models that it had tested and found to be compliant with China's data security requirements.
As we all know, data security and compliance have been key reasons why the US electric vehicle maker, which rolled out the most autonomous version of its autopilot software four years ago, has yet to make FSD available in China, despite customer demand.
FSD, Full Self Driving
This time, Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world's biggest auto market.
Rolling out the technology in China would dramatically increase its subscription revenues, as well as helping it differentiate its cars against an increasing number of competitive electric vehicles from local manufacturers.
Tesla daily chart
Tonight, $Tesla Motors(TSLA)$ gaps up and overshoot the neckline resistance of 182 USD. We can see that EMA10 starts to gold cross EMA25, first sign of potential trend reversal. The next critical challenge will be at around 205 USD, which is both the neckline resistance and EMA200 trend line resistance. I am bullish for Tesla in mid and long-term investment horizon!
How about you? Do you think the worst is over for Tesla? Come and join the discussion my friends.
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According to the news, Tesla has made significant progress in bringing its Full Self-Driving (FSD) software to China. Tesla CEO Elon Musk met with Chinese Premier Li Qiang during his visit to China and received approval for the launch of Tesla's FSD software in the country. This approval is a crucial victory for Tesla as it seeks to expand the use of its autonomous driving features globally.
One of the key hurdles that Tesla had to overcome was compliance with China's data security requirements. Tesla tested its Model 3 and Model Y cars and found them to be compliant with these requirements. Data security and compliance have been major factors preventing Tesla from making FSD available in China despite customer demand.
In addition to the regulatory approval, Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China. This collaboration will help Tesla roll out more advanced driver assistance features in the Chinese market and differentiate its cars from local competitors.
The news suggests that bringing FSD to China could significantly increase Tesla's subscription revenues and strengthen its position in the world's biggest auto market. The stock chart analysis also indicates a bullish trend for Tesla in the mid and long-term investment horizon.
It's important to note that the news provided is for informational purposes only and does not constitute investment advice. Investing in stocks involves risks, and it's recommended to conduct thorough research and analysis before making any investment decisions.
For more detailed information, you can visit the news article and Musk Wins China Backing for Tesla's Driver-Assistance Service.
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