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Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
But rising competition in the country could prompt Tesla to offer the software for free. In any case, FSD should push up demand for Tesla vehicles, supporting the stock. Tesla's success in getting China to approve its full self-driving technology could rev up the firm's earnings this decade, Bank of America said. The electric vehicle maker could pocket in excess of $2 billion by 2030, assuming that its software is increasingly adopted by Tesla drivers in China, the bank wrote on Monday. News of CEO Elon Musk's surprise trip to China this weekend has propelled Tesla's troubled stock as much as 16.6% since early Monday, as reports followed that Beijing would green light the self-driving technology Also announced was a partnership reached with Chinese firm Baidu, which will contribute navigation functions to Tesla's software. Once the technology rolls out, Tesla could charge Chinese FSD users around $99 a month, based on its US pricing. In the case that just a quarter of t
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