Is China Getting Full Self-Driving Cars? Tesla Seeking Final Go Ahead From Government
Portfolio Pulse from Johnny Rice
Tesla is seeking final approval from the Chinese government to deploy Full Self-Driving (FSD) cars in China. The rollout will start with employee vehicles and, if successful, expand to customers. This move could boost Tesla's sales and pressure other EV startups. Tesla's FSD software will be available for a one-time purchase or a monthly subscription. The company aims to collect more data to develop true FSD and eventually launch a global robotaxi service. Direxion offers ETFs for both bullish and bearish investors on Tesla.
May 30, 2024 | 5:51 pm
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POSITIVE IMPACT
Tesla is seeking final approval to deploy Full Self-Driving (FSD) cars in China, starting with employee vehicles. This could boost sales and pressure other EV startups. The FSD software will be available for a one-time purchase or a monthly subscription.
Approval to deploy FSD cars in China could significantly boost Tesla's sales and market presence in a key market. The move also pressures other EV startups to accelerate their R&D, potentially giving Tesla a competitive edge.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The Direxion Daily TSLA Bull 2X ETF seeks to provide 200% of the performance of Tesla's common shares. Positive news about Tesla's FSD deployment in China could lead to a short-term increase in TSLA's stock price, benefiting TSLL.
Positive developments for Tesla, such as the potential approval for FSD deployment in China, are likely to boost TSLA's stock price, which in turn will positively impact the TSLL ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
The Direxion Daily TSLA Bear 1X ETF seeks to provide 100% of the inverse performance of Tesla's common shares. Positive news about Tesla's FSD deployment in China could lead to a short-term decrease in TSLS's value.
Positive developments for Tesla, such as the potential approval for FSD deployment in China, are likely to boost TSLA's stock price, which in turn will negatively impact the TSLS ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70