From Morningstar: 2025-03-25 05:29:00

Tesla (TSLA) received regulatory approval for its autonomous driving software, leading to a 10% increase in stock price. Competitors in China are launching their own Level 2 systems, posing a challenge. The approval should boost Tesla’s deliveries in China, where sales fell earlier this year. Tesla maintains a fair value estimate of $250 per share, suggesting the stock is currently fairly valued. The approval is expected to increase Tesla’s deliveries in China, but the company charges a monthly subscription fee for the software, unlike competitor BYD, which offers a free version. Tesla may need to lower its price in China to remain competitive and retain market share.



Read more at Morningstar: Tesla: Stock Rallies on China Full Self-Driving…