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America One News
18 Feb 2025
#economy
GB News: Elon Musk could suffer major setback as Tesla faces rejection from China for self-driving licence
Elon Musk's Tesla may face delays in obtaining Chinese approval for its autonomous driving technology due to rising US-China trade tensions. The anticipated license for widespread training of its "full self-driving" (FSD) system, expected in 2025, now lacks a definitive timeline.
This setback jeopardizes Tesla's strategy to enhance subscription revenues and stabilize declining sales in China, the largest automotive market. With increasing competition from local firms like BYD, which holds a 27% market share, Tesla's position continues to weaken.