Tesla Eyeing FSD Capability In China — Says Prep Work 'Currently Underway'
Portfolio Pulse from Anan Ashraf
Tesla Inc (NASDAQ:TSLA) is preparing to introduce its Full Self-Driving (FSD) capability in China, with no specific timeline provided. The FSD feature is currently only available in North America. Tesla shareholders and enthusiasts are anticipating the version 12 update of FSD, which Elon Musk hinted could achieve full autonomy. Musk has previously suggested that version 12 could be ready in 'about 2 weeks', but his timelines have historically been overly optimistic.
November 24, 2023 | 3:15 am
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POSITIVE IMPACT
Tesla's plans to introduce FSD in China could boost investor confidence in the company's growth in the Chinese market, potentially impacting TSLA's stock positively in the short term.
The announcement of Tesla's preparation for FSD rollout in China is a positive development, indicating expansion and technological advancement in a key market. However, given Elon Musk's history of optimistic timelines, investor reaction may be tempered until a more concrete timeline is provided.
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IMPORTANCE 75
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