Elon Musk Reacts As Chinese Tesla Owner Says 'I Look Forward To Tesla FSD Entering China': 'Possible Very Soon'
Portfolio Pulse from Navdeep Yadav
Elon Musk hinted at the imminent launch of Tesla's Full Self-Driving (FSD) feature in China in response to a Chinese Tesla owner's inquiry. This follows Tesla's decision to halve the price of its FSD package, making it more accessible. The FSD software, still in beta and requiring driver supervision, is expected to see significant improvements, with Musk announcing three major updates every two weeks. Additionally, Tesla has restarted its offer to allow FSD software transfer to new vehicle purchases.
April 20, 2024 | 8:04 am
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POSITIVE IMPACT
Elon Musk's hint at the imminent launch of Tesla's FSD in China and the recent price cut for the FSD package could positively impact Tesla's stock in the short term.
The anticipation of Tesla's FSD feature in China, coupled with the price reduction of the FSD package, could drive increased interest and sales in the Chinese market, potentially boosting Tesla's stock. The ongoing improvements to the FSD software and the ability to transfer FSD software to new vehicles also contribute positively to Tesla's value proposition, further supporting the stock's potential uplift.
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