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Tesla’s stock surged over 4% after the company announced its plan to introduce Full Self-Driving (FSD) software in China and Europe by early 2025. This move is subject to regulatory approval, and while the launch is slightly delayed from previous plans, it marks a significant step forward for the electric vehicle maker.
The news was shared through Tesla’s AI team on social media, reaffirming the company’s commitment to bringing FSD to international markets. CEO Elon Musk had earlier mentioned in a July earnings call that he expected to secure regulatory approval for FSD in markets outside the U.S. by the end of this year.
Musk’s unannounced visit to China in April fueled speculation that he was seeking approval to launch FSD in the country. The expansion is seen as crucial to reversing Tesla’s revenue slowdown.
The company is also gearing up to unveil its robotaxi product, “Cybercab,” which will feature self-driving technology that allows vehicles to operate with human oversight in cities and on highways.
While Wall Street remains cautious about self-driving technology due to regulatory challenges, investors are hopeful that a potential Trump administration could help streamline the approval process in the U.S.