Tesla's FSD is said to have made breakthrough progress:
1. Musk did not attend the hot Beijing Auto Show during this visit to China, but was received with high-level meetings. It is highly likely that FSD has been approved in principle by regulators, which serves as a bellwether for attracting foreign investment.
2. Relevant authorities responded to this topic by saying, 'We also hope foreign companies will comply with Chinese laws and regulations and fulfill safety commitments.' Clearly, Tesla needs to make a series of adjustments, and its cooperation with Baidu is likely aimed at addressing data security concerns.
3. For Tesla, which has seen slowing sales growth recently, finding new narratives and profit points is crucial. FSD is very important for future market valuation, and the $64,000 usage fee will depend on the conversion rate.
$Tesla(TSLA.US)
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