Full autonomous driving push: Tesla Tesla shares rose more than 6 percent on Thursday after the electric carmaker stuck to its plans to launch advanced driver-assistance software Full Self-Driving (FSD) in China and Europe pending approval from regulators. This comes about a month before the company’s unveiling of its robotaxi product, “Cybercab,” backed by the technology that helps drivers accelerate, brake and steer in cities and highways with human supervision. Elon Musk, the chief executive, said in July that Tesla was likely to win regulatory approval for FSD in both regions by the end of the year. The billionaire said on Thursday that FSD could be launched in right-hand drive markets by the end of the first quarter or early in the April-June period. Wall Street remains cautious about self-driving technologies due to strict regulatory oversight. Investors, however, anticipate that a potential Trump administration could speed up the regulatory process in the U.S. “This may be easier in China, given that it has joined forces with Chinese search giant Baidu to use its navigation system,” said Hargreaves Lansdown analyst Susannah Streeter. “It looks like it will be a longer process for approval in Europe.” Shanghai, which is home to one of Tesla’s gigafactories, allowed 10 vehicles to conduct FSD trials in June, paving the way for its rollout in China, where it faces competition from domestic automakers. Musk’s tendency to set aggressive timelines has raised questions among investors and analysts, especially after missing several optimistic targets for FSD, the Semi and the Cybertruck. He also announced other features like Actually Smart Summon, FSD for the Cybertruck electric pickup truck this month and version 13 of the less-intervening software next month.
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