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Musk courts Chinese officials seeking approval for Tesla’s self-driving tech

LivemintLivemint · 1y ago
Musk courts Chinese officials seeking approval for Tesla’s self-driving tech
Medial

Tesla CEO Elon Musk met with senior Chinese officials in Beijing to seek approval for introducing the company's advanced driver-assistance technology in the Chinese market. Musk aims to persuade regulators to approve Tesla's Full Self-Driving (FSD) feature for Chinese drivers. Tesla has already opened FSD for subscription in China but faces restrictions on data collection and transfer. Failure to gain approval for FSD could impact Tesla's position in China's electric vehicle market, where competition from local brands is strong. Tesla is also facing challenges globally, including a recent investigation by the National Highway Traffic Safety Administration into its driver-assist system.

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Five takeaways from Tesla’s robotaxi show

LivemintLivemint · 9m ago
Five takeaways from Tesla’s robotaxi show
Medial

- Tesla unveiled its new fully autonomous cars, the Cybercab and Robovan, which will be used for ride-sharing and compete with Waymo, Cruise, Uber, and Lyft. - The Cybercab will be priced under $30,000, making it more affordable than similar vehicles on the market. - Tesla plans to deploy a "fully autonomous" version of its driver-assistance system, Full Self Driving, in Texas and California next year, with further expansion based on regulatory approval. - Elon Musk envisions a future where self-driving cars not only transport people but also perform various other tasks, leading to an "age of abundance." - Few new details were provided regarding Tesla's business model for driverless taxis, leaving questions about revenue projections and regulatory challenges unanswered.

What Elon Musk needs from China

Economic TimesEconomic Times · 7m ago
What Elon Musk needs from China
Medial

Elon Musk, CEO of Tesla, has a complex relationship with China, a country that President-elect Donald Trump has vowed to confront with higher tariffs. Tesla makes half its cars in China and faces strong competition from Chinese automakers. Musk has personally appealed to China's premier for permission to proceed with Tesla's Full Self-Driving technology. Experts speculate that China may use Musk as an ally to persuade Trump to take a more conciliatory approach on trade. Musk's other companies also face formidable competition from Chinese businesses in the solar energy, battery, and space launch industries. However, Tesla remains at a disadvantage in China as it has not received approval for Full Self-Driving, while Chinese companies have introduced similar technologies. Moreover, Tesla faces potential political risks in China, as the Biden administration considers banning cars from China or Russia with connections to digital networks. It remains uncertain how long Musk's alliance with Trump can last and its impact on Sino-American commercial relations.

Tesla’s full self-driving rivals are in China

LivemintLivemint · 1y ago
Tesla’s full self-driving rivals are in China
Medial

China is rapidly catching up with the West in terms of driver automation technology. Many Chinese companies, including Baidu, XPeng, Li Auto, NIO, and Huawei, are making significant progress in developing driverless taxis and driver-assistance systems for electric vehicles. These systems, comparable to Tesla's "full self-driving" software, rely on artificial intelligence rather than detailed mapping and coding. Chinese regulators have also shown openness to allowing "Level 3" automated driving on public roads, where the human driver no longer needs to pay attention under certain conditions. Analysts expect China to dominate the rollout of Level 3 vehicles in the coming years. This progress in driver automation complements China's already dominant position in electric vehicle technology. Overall, China's advancement in this area could potentially challenge the West's leadership in automation.

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