Tesla's FSD Nod Win Seen As Move To 'Smooth Over Chinese EV's Entry Into The US Market' Says Redditor

Surbhi Jain

April 29, 2024

Tesla Inc.’s (NASDAQ:TSLA) recent achievement in passing a significant milestone for its full self-driving (FSD) technology in China sparked discussions among investors and enthusiasts.

The news, which caused Tesla’s share price to spike more than 15% on Monday, comes as the electric car maker continues to navigate the competitive Chinese market.

Related: Tesla Skyrockets About 10% In Premarket: What’s Fueling The Dramatic Rally?

Strategic Win For Tesla

The breakthrough in China raises expectations that Tesla’s FSD technology will soon be available in the country. China is Tesla’s largest market for electric vehicles.

Investors see this move as a strategic win for Tesla. Especially since it comes at a time when it is facing stiff competition from local rivals such as BYD Co Ltd (OTCPK:BYDDF) (OTCPK:BYDDY), Nio Inc – ADR (NYSE:NIO), and Xpeng Inc – ADR (NYSE:XPEV).

However, some investors remain cautious about the impact of this development on Tesla’s stock.

May Not Be The Catalyst To Drive Further Gains, Says Redditor

The Redditor known as Puginator posted on r/stocks, sharing his opinion on the news. He highlighted that while Tesla’s stock saw a significant jump, this may not be the catalyst to drive further gains.

Others echoed similar sentiments. Two Redditors pointed out previous announcements by Tesla, such as the unveiling of Tesla 2 and the promise of robotaxis, did not have a significant impact on the stock price.

Despite the skepticism, some believe Tesla’s move to bring its FSD technology to China could have broader implications.

Broader Implications Of Tesla’s FSD Nod

Redditor Decent-Photograph391 suggested China’s decision to allow Tesla’s FSD could be a strategic move to smooth over Chinese EVs’ entry into the U.S. market. By allowing Tesla’s FSD, China may be positioning itself favorably in the global EV market, leveraging its ability to make quick decisions and allocate resources effectively.

“I have a different take. China is allowing it to smooth over Chinese EV's entry into the US market.

They figure it's no big loss to allow Tesla's ‘FSD,’ as it won't hurt the Chinese in their domestic market as few people make buying decisions based on driving assistance. BYDs are selling just fine without investing too much into it.”
—Redditor Decent-Photograph391

Overall, investors saw Tesla’s progress with its FSD technology in China as a positive development for the company.

It remains to be seen how this milestone will truly impact Tesla’s stock and its competitive position in the global EV market.

TSLA Price Action: Tesla stock closed up 15.31% at $194.05 on Monday.

Read Next: Apple And Tesla ‘Only Two Companies Able To Thread The Needle In Terms Of China-US’, Says Top Analyst After Tim Cook And Elon Musk’s Recent China Visits

Photo: Beach Media on Shutterstock

Recommended

Could Elon's New Device be Bigger than the iPhone? - Ad

America Just Hit a Grim Milestone - Ad

READ THIS If You Missed Out on the AI Boom - Ad

Nvidia and other major AI plays have been central to the stock market rally seen this year, helping to propel major indices to new highs.

Stock market today: Asian stocks advance after Wall Street closes out another winning week

HONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing above 40,000 for the first time.

5 Wall Street Legends Just Bought This One Stock

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

This Important Evidence Could Determine Donald Trump's Fate In His Hush-Money Trial

The future of the Donald Trump hush-money trial is largely dependent on one key piece of evidence: People's Exhibit 35, a document that both the prosecution and defense are using to build their respective cases.

Trump Vs. Biden: 2024 Election Poll Shows Tie Broken -- Which Candidate Gains Support From His Party, Independent Voters?

A new 2024 election poll shows a close race between Donald Trump and Joe Biden. One candidate gained ground with their party and Independent voters.

Gold Is SOARING -- Here's What You Need to Do

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

Biden Advisor Defends China Tariffs, Silver Hits 11-Year High, Jamie Dimon Warns Of Inflationary Forces: Top Economic News This Week

From the U.S.-China trade relations to the Federal Reserve, here's a quick recap of the major stories that unfolded over the weekend.

Microsoft's AI chatbot will 'recall' everything you do on a PC

REDMOND, Wash. (AP) — Microsoft wants laptop users to get so comfortable with its artificial intelligence chatbot that it will remember everything you're doing on your computer and help figure out what you want to do next.

Discover "U.S.'s New Money" Before Biden Wins

Discover "U.S.'s New Money" Before Biden Wins - Ad

A new form of money has emerged in America, and it's making some folks wildly rich... (Musk and Bezos both use it). Find out how you can too in this free video.

Amid Nvidia Craze, Jim Cramer Sees A Chip Stock 'Not On Anyone's Radar' About To Break Out: Here's What He Said

Despite it not being on anyone's radar, Jim Cramer believes that Broadcom is about to break out.

Ex-DOJ Attorney Says Former Trump Aide's Testimony Sinks Ex-President's Criminal Defense: 'Big Fat Nail In The Coffin'

Trump's hush-money case has turned decidedly against him following Hope Hicks' testimony, says a legal expert.

Is This Nvidia's Secret Weapon?

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

Rapper Kid Rock Drives Into Live Concert In Texas On Custom Cybertruck Resembling General Lee

Kid Rock performed at AT&T Stadium in an orange Cybertruck, reminiscent of General Lee, as part of his Rock N Rodeo event. Other celebs have also bought the Cybertruck.

Buffett Says No Other Americans Would Have Had To Pay Even A Dime In Federal Taxes If This Had Happened

Warren Buffett suggests that federal taxes will likely increase given the country's precarious fiscal position, and he expressed Berkshire's willingness to cover the tax bill it faces.

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI

Nvidia CEO Says It Will Spark "the Next Revolution" Beyond AI - Ad

Declares this radical biotechnology "is going to be flat out one of the biggest [tech revolutions] ever." And this $10 stock is at the center of all.

Embed-Chart-Off The Charts-Home Inventory-For Sale, ADVISORY

OFF THE CHARTS-HOME INVENTORY — Chart. More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many. This chart is current as of 05 15, 2024 and will not update. Sources: Realtor.com; Freddie Mac. Click for a .

Elon Musk Causes Stir With Response To Professor's Ominous Prediction Of Civil War 'Coming To The West'

Elon Musk raised eyebrows with his recent tweet affirming a prediction of a civil war in the West.

Elon's New A.I. Device is About to Shock the World

Elon's New A.I. Device is About to Shock the World - Ad

Using this device you see... Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in... "The next step in human evolution."

Cathie Wood's Ark Invest Snaps Up $3.54M Worth Of Shares In This Biopharma Company Following Positive Obesity Pipeline Update

As the demand for obesity drugs continues to surge, biopharma companies are eagerly seizing the opportunity to capitalize on the trend.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

One unknown AI startup could match or even exceed AI's biggest runs in the coming years. Why? Because its technology solves the biggest problem holding back AI. It's a critical component that the industry can't advance without. This company just went public, so right now, it's under the radar.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

BREAKING: New "Formula" Could Lead to Huge AI Payouts

BREAKING: New "Formula" Could Lead to Huge AI Payouts - Ad

Investors - including multiple billionaires - are now tapping into a unique AI secret to pocket huge, consistent payouts. Starting today, you could siphon a new stream of income from this $3 billion pool of cash.

Donald Trump Says He's Not Concerned About His Legal Challenges: 'In A Way, I Don't Care ... Life Is Life'

In a recent private donor event in Florida, former President Donald Trump appeared unfazed by his ongoing legal issues.

California is testing new generative AI tools. Here's what to know

SACRAMENTO, Calif. (AP) — Generative artificial intelligence tools will soon be used by California's government.

Billionaires Are Now FLOODING Into Gold

Billionaires Are Now FLOODING Into Gold - Ad

Ray Dalio, John Paulson, and many others all recommend you own gold right now. But did you know there's another huge investor (worth more than all the world's billionaires COMBINED) buying gold by the ton? That's why the best move to make right now could be this little-known gold investment (which you can get started with for just $5).

Stock market today: Asian markets wobble after Fed sticks with current interest rates

HONG KONG (AP) — Asian markets wobbled in Thursday trading after U.S. stocks swung to a mixed finish with the .

Ukraine May Need To Negotiate With Russia To End War, Says Top Intel Officer: 'Both Sides Are Jockeying For The The Most Favorable Position'

Ukraine may need to negotiate with Russia to end the war, as suggested by a senior intelligence official. Negotiations could begin in the second half of 2025.

The No. 1 Crypto for 2024

The No. 1 Crypto for 2024 - Ad

It's expected to soar 20X bigger than Bitcoin.

Make Tesla Great Again? Elon Musk Concurs With Steps To Transform EV Maker Into Top Global Company

As the annual shareholder meeting approaches, Tesla's Elon Musk has reiterated his demand for 25% voting control of the company.

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

WASHINGTON (AP) — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.

Mystery of the Rich and Connected Revealed

Mystery of the Rich and Connected Revealed - Ad

Former Goldman VP reveals a mysterious "Gold Bank" with huge upside potential... Last time we shared this, some folks could have seen a 995% gain. Don't be surprised if you've never heard of this -- most haven't. But he's sharing all in this new video.

Bystander livestreams during Charlotte standoff show an ever-growing appetite for social media video

CHARLOTTE, N.C. (AP) — Saing Chhoeun was locked out of his Charlotte, North Carolina, home on Monday as law enforcement with high-powered rifles descended into his yard and garage, using a car as a shield as they were from the direction of his neighbor's house.

Federal Judge Indefinitely Postpones Donald Trump's Classified Documents Trial

The trial of ex-President Donald Trump for retaining classified documents has been postponed indefinitely by a federal judge.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..."

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

Benzinga Bulls And Bears: Apple, Tesla, AMC, Bitcoin And Shiba Inu's Chart Forms Powerful Technical Patterns

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. Stock markets ended the week on a high note following reassuring comments from Federal Reserve Chair Jerome Powell.

Red Lobster closes dozens of locations across the US just months after 'endless shrimp' losses

NEW YORK (AP) — Dozens of Red Lobster locations across the U.S. are on the chopping block.

Breaking News: Elon Musk Invents New Type of A.I.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

JPMorgan Analysts Optimistic About Future Approval Of Spot Ether ETFs Despite Regulatory Hurdles

In light of recent regulatory actions, JPMorgan analysts remain confident that the SEC's scrutiny of Robinhood (NASDAQ:HOOD) Crypto will not impede the

Trending Now

Stock Market To Rally For 3-5 Years Before AI Bubble Bursts, Predicts Veteran Analyst Gene Munster: 'We're In The Early Stages'

Sour Patch Kids Oreos? Peeps Pepsi? What's behind the weird flavors popping up on store shelves

Must-See: Elon's New Invention is Absolutely Insane - Ad

This Week: Home sales, Fed meeting minutes and consumer sentiment index

Warning For Chinese Economy? Shoppers Fail To Keep Pace With Factory Output

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

Germany recalls its ambassador in Russia for a week in protest over a hacker attack

Red Lobster seeks bankruptcy protection days after closing dozens of restaurants

Shhh! This Is One Great Coin... - Ad

Top 3 Materials Stocks You May Want To Dump In May

Many remember solid economy under Trump, but his record also full of tax cut hype, debt and disease

AI & Crypto in One $11 Investment - Ad

Bitcoin, Dogecoin, Ethereum Retrace On Profit-Taking By Retail Investors: Analyst Predicts Parabolic Rise For King Crypto Following Consolidation Phase

Bankruptcy judge approves Genesis Global plan to refund $3 billion to creditors, crypto customers

Amazon's Betting Big on This Unknown AI Company - Ad

London court to decide whether WikiLeaks founder Assange is extradited to the US

Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise

Crypto Millionaires Names His Favorite AI Coin - Ad

Last Week's Worst-Performing Stocks: Are These 15 Large-Cap Stocks In Your Portfolio? (April 28-May 4, 2024)

Elon Musk Issues Stark Warning Amid Rising National Debt: '...The Dollar Will Be Worth Nothing'

PASSIVE INCOME (by this evening) - Ad

Electric Company PPL Powers Past Q1 Estimates, Eyes Bright Future

Anthony Scaramucci Labels Donald Trump's Hush Money Trial As 'Obligatory Loyalty Test' For Republicans, Says 'It'll Never Be Enough For Donald Trump'

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

AbbVie Is 'Successfully Positioned To Absorb Humira Biosimilar Erosion': Analyst

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

What's Going On With Palantir Technologies Stock Today?

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Stock Market Rally For 2024 Has Peaked, Goldman Sachs Forecasts 'Flat Return From Now Till The End Of The Year'

Trump's Niece Says Ex-President Has Made It Clear He Wants To Be Authoritarian Upon Returning To Office: 'Once That Happens, He Will Not Be Stopped'

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Nvidia's AI Dominance Evident As Tech Behemoths From Microsoft To Meta And Google Keep Pumping Billions Into Chipmaker, Analysis Reveals

AMC Stock On Watch For Q1 Earnings: Estimates, What Analysts Expect, Will Box Office Recover?

America Has New Type of Money, Making Some Rich...Should You Get It? - Ad

Fraudsters target small businesses with scams. Here are some to watch out for

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin Tops Returns In All Asset Classes Amid 'Repeatedly Disappointing Inflation Data': Mohamed El-Erian Shares Insights On Market Volatility

Troubled EV Maker Fisker Said To Shut Down California HQ And Relocate Some Staff As Bankruptcy Clock Ticks

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

Closing prices for crude oil, gold and other commodities

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

Earn Instant Cash Flow (using THIS tactic) - Ad

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

Let's Spill The Tea: Top Consumer Tech News From Last Week That You Should Know (April 28-May 4, 2024)

How to Profit From the New Boom in Gold - Ad

Tiptoe Through The 25,000 Tulips, But Watch Out For Cannabis Plants In Wisconsin's Capitol Building Garden

We know late-night screens are bad for sleep. How do you stop doomscrolling in bed?

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.