Why Tesla's Elon Musk is lobbying Beijing to approve its self-driving car tech as part of his surprise trip to China [Fortune]
Tesla, Inc. (TSLA)
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Source: Fortune
driving technology isn't available in China , the EV maker's biggest market outside the U.S. Now, just over a week after Musk suggested that a China launch of Full Self-Driving “may be possible very soon,” Tesla may be on its way to unlocking its services in the world's second-largest economy. Musk made a surprise trip to China over the weekend, reportedly to lobby officials to approve Tesla's Full Self-Driving service, the company's assisted-driving technology, in China. (Despite the name, FSD is not fully autonomous, requiring constant driver supervision). In the U.S., Tesla charges either an upfront cost of $8000 or a monthly subscription of $99 for FSD. Shortly after Musk's meeting with Chinese officials, the China Association of Automobile Manufacturers (CAAM) announced that two China-made Tesla models comply with the country's data security requirements. Chinese brands like Nio, BYD and Li Auto also passed the data security test. The announcement could help pave the way
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