Tesla's Robotaxi Plans Face Fresh Competition As Chinese Firm WeRide Receives Approval To Test Driverless Vehicles With Passengers In California
Portfolio Pulse from Benzinga Neuro
WeRide, a Chinese autonomous driving startup, has received approval from the California Public Utilities Commission to test its driverless vehicles with passengers in San Jose and nearby areas. This development intensifies competition in the autonomous vehicle sector, particularly for Tesla, which faces skepticism about maintaining its lead in the market.
August 14, 2024 | 10:07 am
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Tesla faces increased competition in the autonomous vehicle market as WeRide receives approval to test driverless vehicles with passengers in California. This could challenge Tesla's market position and impact its stock price.
WeRide's approval to test driverless vehicles with passengers in California introduces a new competitor in the autonomous vehicle market, potentially challenging Tesla's market position and affecting its stock price negatively in the short term.
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