...this shows that Elon Musk prioritised FSD over EVs
...he wants to use Chinese data to support his FSD case in US? Fat chance.
...he has no time for Modi due to 'heavy obligations' ? What heavy obligations when his Twitter space is going berserk talking divisive stuff no CEO need bother to spend their brain matter on!
...he has ditched India because India would demand more from him than what he could possibly benefit from.
...BTW if you don't already know, Tesla is losing quite a bit of market share in China and would likely get worse from here.
...as a lithium stockholder, would you be more comfortable if your company has an offtake agreement with US companies like Tesla/Ford or have one with the Chinese? I know you would say the former. But who is growing and who is moving backwards? Musk Makes Surprise China Visit, a Week After Nixing India
Tesla CEO set to discuss rollout of driver-assistance software
EV maker facing tough time with job cuts, slowing sales growth
By Bloomberg News
April 28, 2024 at 5:41 PM GMT+10
Updated on
April 28, 2024 at 7:35 PM GMT+10
Tesla Inc. Chief Executive Officer Elon Musk made an unannounced trip to China on Sunday, a week after postponing a visit to India to handle pressing issues at the automaker.
Musk met the head of the China Council for the Promotion of International Trade, Ren Hongbin, in Beijing, according to China Central Television. He’s expected to meet officials to discuss the rollout of Tesla’s driver-assistance system, a person with knowledge of the matter said.
Musk’s latest China visit comes during a volatile time for Tesla, with slowing EV sales prompting a cost-cutting drive and the reduction of more than 10% of its global workforce. He was scheduled to be in India on April 21 and 22 for a much-anticipated visit that was going to include a meeting with Prime Minister Narendra Modi, but called it off because of “very heavy Tesla obligations.”
Elon Musk’s private jet arrives in Beijing on April 28.Photographer: Danny Lee/Bloomberg
Tesla is working on getting the system it calls Full Self-Driving, or FSD, approved for new markets. Its vehicles have been banned from China’s military compounds and some other government venues in the past over cameras used for its driver-assistance systems, which aren’t capable autonomous driving.
“We plan on, with the approval of the regulators, releasing it as a supervised autonomy system in any market that — where we can get regulatory approval for that, which we think includes China,” Musk said of FSD during Tesla’s April 23 earnings call.
Advanced driver-assistance systems, or ADAS, are becoming increasingly common in China’s EV market, where Tesla is losing share. Many local players including Xpeng Inc., Xiaomi Corp. and Huawei Technologies Co. use sophisticated technology as a selling point for their vehicles, while industrywide price cuts by rivals add pressure for the US company to do the same.
