In less than 24 hours, Musk ended his "lightning" visit to China! Tesla's stock price rose 6% in pre-market

National Business Daily

2024-04-29 16:42Published on the official account of Sichuan Daily Economic News

Edited: Huang Sheng

According to information from the flight tracking platform, Musk's plane took off from Beijing Capital Airport at 13:17 on April 29 and left China, and the plane's destination was Anchorage, Alaska. According to statistics, Musk's trip to China lasted less than 24 hours.

CCTV News, at the invitation of the China Council for the Promotion of International Trade, on the afternoon of April 28, Elon Musk, CEO of Tesla Inc. in the United States, arrived in Beijing, and Ren Hongbin, President of the China Council for the Promotion of International Trade, met with Musk to exchange views on the next step of cooperation and other topics. According to Yuyuan Tan Tian, Musk said when he arrived in Beijing: It is great to see the progress of electric vehicles in China, and all cars will be electric in the future.

Image source: Yuyuan Tan Tian

On the disk, before the U.S. stock market on April 29, Beijing time, Tesla rose more than 6%.

It is worth noting that in June last year, Musk visited China for 44 hours. During this period, Tesla's stock price also ushered in a sharp rise, with a cumulative increase of 10.76% in 2 days, and Musk also regained the title of the world's richest man with a net worth of $192.3 billion.

Tesla's response to FSD's entry into China: There is no timetable yet

Shell Finance reported on April 29 that Tesla's Full-Self Driving (hereinafter referred to as "FSD") entry into China has recently attracted attention from the market, and Tesla responded that there is no timetable for FSD to enter China. On April 28, Tesla CEO Elon Musk came to China, and Tesla's official Weibo made two statements, mentioning the acceleration of autonomous driving technology. 

In addition, a source said that Tesla will deploy its FSD (Full-Self Driving) self-driving service for the Chinese market based on the lane-level navigation and maps provided by Baidu.

Yicai asked Baidu about this, but Baidu did not respond as of press time.

Earlier, Tesla CEO Elon Musk said on April 20 that Tesla may soon offer the full self-driving software feature FSD to Chinese customers. Musk replied to a user's question on the social media platform X about when Tesla would launch FSD in China: "It may happen soon." ”

Tesla introduced the FSD feature four years ago, but the feature is not yet available in China. Chinese automakers, including NIO, XPeng and Wenjie, have been looking to reap the benefits of electric vehicles by rolling out self-driving software.

Right now, Tesla is facing a growth dilemma. Now Tesla is looking to more affordable models, a fully self-driving system (FSD), and a robotaxis to get out of the slump.

Tesla has passed China's automotive data security compliance requirements

On the evening of April 28, the China Automobile Association officially issued the "Notice on the Testing of 4 Safety Requirements for Automotive Data Processing (the First Batch)", in which 76 models from 6 companies, including BYD, Ideal, Lotus, Hezhong New Energy (Nezha Automobile), Tesla, and Weilai, meet the 4 compliance requirements of automotive data security.

In terms of specific models, Tesla's domestically produced Model 3 and Model Y both meet automotive data security compliance requirements, and are the only foreign-funded enterprises that meet compliance requirements.

According to Yicai, Tesla said that various localities have successively lifted the ban on driving and parking restrictions on intelligent networked vehicles such as Tesla.

Daily Economic News Comprehensive Public Information, Shell Finance, CBN, CCTV News

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