Tesla plans to expand its full self-driving technology to drivers in Europe and China. That could be a big deal for Tesla's sales and earnings.
For years, Elon Musk has been working to position his companies – not the least of which is Tesla Motors (NASDAQ: TSLA) – as major and disruptive technological innovators.
As Nvidia (NASDAQ: NVDA) stock started to consolidate, signaling that the semiconductor behemoth might have reached its zenith and leading other stocks from its sector tumbling, the representative of the electric vehicle (EV) industry, Tesla (NASDAQ: TSLA), has done the opposite.
The former president has backed the idea of a government efficiency council that would tackle wasteful spending.
Robotaxis are on the road today, and Tesla isn't even close to being one of the competitors.
Tesla stock was trading above $223 a share in premarket trading on Thursday. Full Self Driving technology is helping.
Tesla said its Full Self Driving service, a paid add-on driver assistance feature, is slated for launch in Europe and China in the first quarter of 2025, "pending regulatory approval." Tesla is yet to receive regulatory permission to launch its FSD product in Europe and China.
Tesla shares rose 2.5% on Thursday after the electric automaker stuck to its plans to roll out the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators in the regions.
Tesla on Thursday said it plans to roll out what it calls full self-driving assistance software in Europe and China next year if regulators sign off.
After being hit by the overall gloomy sentiment characterized by low demand in the electric vehicle (EV) sector, Tesla's (NASDAQ: TSLA) stock is building positive momentum as investors anticipate new highs.
UK new private car registrations rose 0.1% last month to around 32,100, while total sales, including business and fleet purchases, were down 1.2% year-on-year at roughly 84,600. Battery electric car demand rose 10.8% in the month as buyers responded to a summer of heavy discounting and the launch of several new models, the Society of Motor Manufacturers reported.
Tesla (TSLA) shares jumped more than 4% on Wednesday, bucking a broader downturn for large-cap technology stocks.