Christopher Tsai, CIO and President of Tsai Capital, discusses Tesla’s rapid growth in the market and plans for robotaxi.
Musk appeared to promote Tesla’s Fully Self-Driving (FSD) software on Monday, as the company reportedly took a big step toward bringing it to China and attracted a lot of attention.
wall street journal Media reported on Monday that the electric vehicle (EV) maker had received permission from the Chinese government to use the software.
According to Tesla’s website, FSD provides “access to a more advanced suite of driver assistance features” than Autopilot, and is designed to “provide more aggressive guidance and driver assistance under active supervision.” It is designed to.”
Tesla Inc. CEO Elon Musk pauses during a speech during a Tesla Model 3 delivery ceremony held at the company’s Gigafactory in Shanghai, China, on Tuesday, January 7, 2020.Tesla begins production in China, A.M. (Photographer: Qilai Shen/Bloomberg via Getty Images / Getty Images)
In a move that appeared to promote FSD, Musk on Monday shared a 2023 video of himself telling Tesla shareholders that the technology is “much better” than a human driver.
Tesla CEO Elon Musk makes surprise visit to China
“The thing to appreciate is not that fully autonomous driving will be as good as humans; it will be much, much better. Over time, it will be 10 times safer than humans. It’s not even a contest.”Frankly, this is a really big deal,” he said in a video from Tesla’s shareholder meeting last year.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 194.05 | +25.76 | +15.31% |
Tesla’s Autopilot has come under intense scrutiny from the U.S. government over its safety after several crashes.
The company’s FSD approval in China comes after the China Automobile Manufacturers Association announced that Tesla had met the country’s data security standards for its Model 3 and Y vehicles, and Musk also spoke directly with senior Chinese politicians over the weekend. The announcement was made following the meeting.
Friday, January 13, 2023, at the Tesla showroom in Santa Monica, California, USA. Tesla Inc. has slashed prices across its entire lineup in key markets in the U.S. and Europe, the automaker’s latest move after several quarters of disappointing vehicle deliveries. (Photographer: Eric Thayer/Bloomberg via Getty Images/Getty Images)
“We believe Musk’s winning of FSD approval in the key Chinese market marks a turning point in Tesla’s story,” Daniel Ives, senior equity research analyst at Wedbush Securities, said in a research note on Monday. I’ll see.”
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The memo called FSD a “key component” to Tesla’s long-term growth. Earlier this year, Tesla launched an updated version of FSD that requires driver supervision.
“If Mr. Musk can get permission from the Chinese government to transfer the data he collects in China overseas, it will be critical to accelerating the training of algorithms for self-driving technology on a global scale,” Ives said. wrote. “We also believe this visit will be important for Tesla and Musk to further strengthen their EV footprint in the Chinese market at a critical time.”
China’s EV market is particularly competitive and competitive, and Tesla has to compete with many car companies based in China.
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Musk has mentioned Tesla’s self-driving car efforts in recent weeks, including saying late last week that the company is “very excited” about its self-driving car roadmap.
Elon Musk, chairman and chief executive officer of Tesla Motors, at a press conference before unveiling the Model X sport utility vehicle (SUV) at an event in Fremont, California, USA on Tuesday, September 29. Talking while making gestures. , 2015. ((David Paul Morris/Bloomberg via Getty Images)/Getty Images)
“I think it’s obvious to anyone driving version 12. [of FSD]And that tells us that it’s only a matter of time before we surpass human reliability, and it won’t take long to achieve that,” he said on April 23. “And we’re really heading into an electric, autonomous future.”
The company also has new Tesla models in the pipeline, which Tesla announced last week will be on the market next year. Some of them will be low-cost models.
