Tesla's Full Self-Driving Approval in China Spurs Stock Surge

Tesla's stock sees significant gains as China approves its Full Self-Driving technology, boosting potential earnings and market position.

Tesla's stock jumped following China's approval of its Full Self-Driving technology, with potential earnings increase of over $2 billion by 2030.
Analysts predict substantial revenue and margin boosts for Tesla in China, the world's largest automotive market.
The approval could lead to a higher adoption rate of Tesla's FSD in China, enhancing the company's competitive edge.
Goldman Sachs remains cautious, citing the need for local adjustments and regulatory navigation in China.
Tesla's partnership with Baidu could enhance its navigation capabilities, further supporting its FSD rollout in China.