From Quiver Quantitative: 2024-04-28 15:14:17

Elon Musk’s recent visit to Beijing emphasized Tesla’s focus on Full Self-Driving (FSD) technology and expansion in China, where regulatory approval is sought for data transfer. Meeting with Premier Li, discussions likely covered growth and tech advancements. Tesla, with a factory in Shanghai since 2018, faces competition from local automakers like Xpeng, making FSD launch in China crucial for valuation and growth. Musk aims to transfer data collected in China for FSD development, a move with geopolitical and regulatory implications. Musk’s China visit could shape Tesla’s global strategy in the competitive autonomous driving market.



Read more at Quiver Quantitative: Elon Musk’s Strategic Visit to China Bolsters Tesla’s Autonomous Driving Aspirations