Tesla Allowed To Test Full Self-Driving Software On 10 Vehicles In China - Shanghai Grants Approval
Portfolio Pulse from Nabaparna Bhattacharya
Shanghai has granted Tesla permission to test its Full Self-Driving (FSD) software on 10 vehicles, potentially enhancing Tesla's competitiveness in China. This approval could transform the Chinese auto market and escalate price competition. Tesla is also constructing a factory in Shanghai for its Megapack energy storage batteries.
June 14, 2024 | 5:44 pm
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Shanghai has granted Tesla permission to test its Full Self-Driving (FSD) software on 10 vehicles, potentially enhancing Tesla's competitiveness in China. This approval could transform the Chinese auto market and escalate price competition. Tesla is also constructing a factory in Shanghai for its Megapack energy storage batteries.
The approval to test FSD software in China is a significant step for Tesla, potentially enhancing its market position against local competitors. The construction of a Megapack factory further solidifies Tesla's investment in China, which could positively impact its stock price.
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