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Tesla Plans to Launch Full Self-Driving in Europe and China
2024-09-05 17:55:08
Automotive
Technology

Tesla Plans to Launch Full Self-Driving in Europe and China

Tesla, led by Elon Musk, has announced plans to introduce its self-driving electric car system, 'Full Self Driving,' in Europe and China by early 2025, pending regulatory approval. Tesla's 'Full Self Driving' does not allow fully autonomous driving, and drivers must remain attentive.

The company aims to get approval for 'Full Self Driving' in Europe and China by the end of this year. Tesla is also expected to unveil its robotaxi, 'Cybercab,' in October.

Despite facing competition from low-cost Chinese manufacturers, Tesla continues to dominate the electric car market, selling 1.8 million vehicles in 2023 and generating significant revenue and profit. However, the company also plans to reduce its workforce, with a massive employee reduction on the horizon.

Tesla's move to expand 'Full Self Driving' globally reflects its commitment to advancing self-driving technology and maintaining its position as a leader in the industry.

Related news on that topic:

German Carmakers at Crossroads: Chinese Electric Cars Threaten ... Dominance

German carmakers face a crisis as cheap, state-subsidized Chinese electric vehicles challenge their market position. The shift to e-mobility and photovoltaics hinges on advanced battery technology. Urgent state funding for infrastructure is imperative. Job security is at stake due to slow electrification efforts. Chinese EVs are gaining ground in Latin America, particularly in public transportation, while German luxury cars are losing traction. Technology giants like Huawei are reshaping the industry, signaling a shift in car design and function. Chinese EV makers Xiaomi and XPeng are disrupting the market with competitive models, and Tesla's innovative ecosystem garners attention. Ferrari's strong performance contrasts with declining profits from China.

The press radar on this topic:

The Street
8. September 2024 um 12:05

Tesla stock jumps on FSD roadmap plans with robotaxi launch in focus TheStreet Daily Newsletter

Technology
Finance
Tesla plans to launch its Cybercab robotaxi next month and roll out its Full Self-Driving software globally next year. The company is doubling down on its Dojo supercomputer and sees its AI technologies as key to a $1 trillion+ valuation, with capital spending likely to reach $10 billion. Tesla is also in discussions to license its FSD technology, which could generate $20 billion in annual revenue. However, safety issues have continued to plague the FSD rollouts, and Tesla has made it mandatory..
Yahoo Finance
5. September 2024 um 10:37

Tesla shares gain on plans to launch Full Self-Driving in Europe, China

Technology
Finance
Tesla to launch Full Self-Driving in Europe, China pending regulatory approval; Cybercab robotaxi unveiling soon; Musk expects FSD in right-hand drive markets by Q1/Q2; HW3 FSD performance data, EV sales pressure, and self-driving regulatory oversight are concerns; Shanghai allowed FSD tests; Investors anticipate Trump administration could expedite regulatory process; Tesla announced Actually Smart Summon, FSD for Cybertruck.
EuroNews
5. September 2024 um 10:30

Volvo Abandons Plans to Transition to Fully Electric Vehicle Production by 2030

Environment
Economy
Volvo has shelved its plans to transition to fully electric vehicle production by 2030. This is due to a decrease in demand for pure battery-electric vehicles. The company now aims for 90-100% of its global sales volume to consist of electric and plug-in hybrid models by 2030. Renault CEO Luca De Meo has warned that customers are not yet ready to switch to battery-electric vehicles. The German luxury carmaker Porsche has also scaled down its target of selling 80% fully electric vehicles. Other..
Yahoo Finance
5. September 2024 um 13:36

Tesla Stock: EV Giant Outlines AI 'Roadmap'; Expects Full Self-Driving In China By Early 2025 | Investor's Business Daily

Technology
Finance
Tesla plans FSD in China, Europe by Q1 2025; aims to improve FSD by October; to release FSD V13 in October; to unveil robotaxi on Oct 10; Tesla stock has 67 Composite Rating, 74 Relative Strength Rating, 57 EPS Rating; Tesla stock near bottom of new base with 271 buy point; Tesla stock down ~12% in 2024 but rebounded ~60% from late-April low.
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