admin Tesla’s CEO Elon Musk had been all over the news by attending the session in Beijing. On that day, he highlighted the FSD software issues and problems of data transmission. Musk arranged a meeting with the Premier Li Qiang, during which they discussed Tesla as a symbol of the economic partnership between these two countries. The course meant a lot as the visit of Musk was an introduction of FSD by Tesla in China which is the second largest market of the company.
State media reported accusations of Musk’s business but could not confirm conversations on FSD or data transfers. From 2021, Tesla has been storing the data locally in full compliance with the Chinese regulations. On the other hand, Musk wants to get the permission to ship data out, thereby growing the intelligence level of Tesla’s autonomous driving systems. With this step, the company aims at excelling in autonomous vehicle technology.
Furthermore, Musk pulled the plug on his scheduled visit to India hinting at very hectic tasks at Tesla. The company faces problems in particular that include a 10% cut in staff during the period when its sales are decreasing. The internal competition for the electric vehicle market in China becomes fiercer and fiercer, while local brands are the pioneers of price wars.
Tesla’s presence in China is overwhelming, where it has reportedly sold over 1.7 million vehicles and has set up a major plant in Shanghai Chinese government surprisingly validated that Tesla had complied with local data protection regulations. This approval is essential in that complied with Tesla’s operations under the stringent data protection standards.
Tesla’s autonomic driving technology has been an innovations. Grace Tao, Tesla’s VP in China, highlighted the significant role that self-driving technologies will play on the road to the future. Musk revealed part of his plans to develop cheaper Tesla brand cars as well as a robotaxi with self-driving technology feature.
Tesla’s shares took a major plunge this year, due to investors’ worries about whether the company could satisfy future demand. The corporation posted revenue downfall firstly since the pandemic. Contrary to this, his work in China provides a turning point for Tesla’s prospects as long as he can manage to launch FSD there.
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