Musk, CEO of Tesla, made an unexpected visit to China recently.DeuceswildvideopokerIt may be related to the company's launch of fully autonomous driving (FSD) in China. Premier Li Qiang met with Musk on Sunday afternoon and said the two sides are willing to deepen cooperation to achieve more win-win results. At present, the FSD project has completed its beta testing and has been promoted in a regulated form in North America.
Tesla's core electric vehicle business, whose sales have slowed amid economic uncertainty, is now pinning its hopes on the high profits from promoting its FSD software suite. Wedbush analyst Daniel Ives (Daniel Ives) believes that Musk's visit to China is focused on landing the long-awaited FSD software in China. He called the visit Tesla's "watershed moment" and pointed out that "although Tesla faces demand challenges in China, Wall Street is looking for Tesla's long-term growth story, and FSD is the key to success."
Musk was scheduled to visit India last Monday and meet with Indian Prime Minister Narendra Modi to announce Tesla's plans in India. However, he cancelled the visit in the last hour, citing "Tesla's business problems".