Tesla shares (NASDAQ: TSLA) jumped this morning following the company’s announcement that it plans to launch its Full Self-Driving (FSD) technology in China and Europe by the first quarter of 2025.
On Thursday, Tesla unveiled a detailed roadmap for its Full Self-Driving features, including specific timelines for their rollout and plans to extend the FSD suite beyond North America. The company acknowledged that the introduction of FSD in Europe and China is contingent on regulatory approvals in both regions. Europe has been considering Driver Control Assistance Systems (DCAS) for a while, while recent discussions between Tesla and Chinese officials had initially suggested an earlier release in China, but it is now projected for early next year.
During the Q2 2024 Earnings Call, Tesla CEO Elon Musk commented, “The self-driving capabilities deployed outside of North America are currently less advanced. With Version 12.5, and potentially 12.6, we will seek regulatory approval for our supervised FSD in Europe, China, and other countries. We anticipate receiving this approval before the year’s end, which should boost demand in these regions.”
The expansion of FSD technology into new markets offers significant advantages for Tesla investors. It demonstrates Tesla’s leading role in self-driving technology and artificial intelligence. While other companies like Mercedes-Benz and Ford offer semi-autonomous systems, Tesla’s FSD includes advanced features such as the newly released Actually Smart Summon. Additionally, the FSD suite's expansion will enhance its capabilities as Tesla’s neural network processes data from every mile driven.
This news is encouraging for investors, though caution is warranted given Tesla’s history of missing deadlines. As of 10:56 a.m. Eastern Time, Tesla shares had risen by 5.79 percent.
Tesla 2024 news from teslarati
