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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.

Tesla Shares Rise 4.5% on Autonomous Driving in China, and the Optimus Opportunity

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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.","content":"<html><head></head><body><p>Tesla shares rose 4.5% in morning trading on Monday.</p><p>Tesla Inc.&#39;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.</p><p>Tesla Chief Executive Officer Elon Musk claims the company&#39;s Optimus humanoid robots could eventually make the automaker a $25 trillion company.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7b63b8f649ce6453a886d9ca59e834ef\" tg-width=\"789\" tg-height=\"624\"/></p><p>The latest news comes after reports late last month that Tesla was close to registering its Full Self-Driving software with authorities in China.</p><p>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 (TSLA) offers versions of its Autopilot driver assistance systems to Tesla (TSLA) owners in China.</p><p>Tesla in a late April reportedly reached an agreement with Baidu to access the local search giant&#39;s mapping license for data collection on Chinese roads, Reuters reported.</p><p>Tesla Chief Executive Officer Elon Musk claims the company&#39;s Optimus humanoid robots could eventually make the automaker a $25 trillion company, multiple media outlets reported Friday, citing Musk.</p><p>&#34;I think we&#39;re not just opening a new chapter for Tesla, we&#39;re starting a new book.&#34; Musk reportedly told investors at the annual shareholder meeting on Thursday.</p><p>In 2025, Tesla expects to start &#34;limited production&#34; of Optimus and test the humanoid robots in its factories, Musk said.</p><p>Musk expects &#34;over 1,000, or a few thousand&#34; Optimus robots will be working at Tesla in 2025.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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