Summary
– Tesla shares surged over 11% on Monday’s pre-market due to CEO Elon Musk’s unannounced trip to Beijing, China
– Musk met with high-profile officials and reports suggest Tesla may have partnered with Baidu to launch Full Self-Driving (FSD) in China
– Tesla China has entered into a partnership with Baidu for lane mapping and navigation data
– The developments suggest Tesla may be close to launching FSD in the Chinese market, which could give them a competitive edge
– The size of Tesla’s fleet in China and access to data could be beneficial for FSD and the company’s autonomous driving program
Article
Tesla’s shares surged over 11% on Monday’s pre-market following news of CEO Elon Musk’s unannounced trip to Beijing, China. Musk met with high-profile officials during his visit and reports suggested that Tesla had partnered with internet giant Baidu, possibly to help launch Full Self-Driving (FSD) in China.
Musk’s trip was brief, with meetings with China Council for the Promotion of International Trade (CCPIT) Chairman Ron Hongbin and Premier Li Qiang. Reports later emerged that Tesla China had partnered with Baidu for lane mapping and navigation data, allowing Tesla to use the internet giant’s mapping license for data collection on China’s roads.
The partnership with Baidu and meeting with Chinese officials suggest that Tesla may be nearing the launch of FSD in the Chinese automotive market. TSLA shares saw an 11.48% increase on Monday’s premarket, indicating that investors are appreciating the developments. Tesla China has not provided a timetable for FSD to enter China, but the recent events point to an imminent launch.
China’s electric vehicle market is the largest and most competitive in the world, making systems like FSD crucial for Tesla’s success in the country. Tesla’s fleet in China will provide the company with a significant amount of training data for FSD and its autonomous driving program, giving them an edge over competitors.
For news tips or inquiries, readers can contact TeslaRati via email. The surge in TSLA shares following Musk’s visit to China and partnership with Baidu suggests that Tesla is gearing up to launch FSD in the Chinese market. With the potential for a major impact on the electric vehicle market in China, Tesla’s recent developments have investors optimistic about the company’s future in the region.
Tesla’s focus on expanding its autonomous driving capabilities in China highlights the company’s commitment to innovation and growth in one of the world’s largest and most lucrative markets for electric vehicles. The partnership with Baidu and meetings with Chinese officials indicate that Tesla is making strategic moves to secure its position in the Chinese market and solidify its leadership in the electric vehicle industry.
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