Tesla Inc. TSLA CEO Elon Musk on Saturday hinted at the upcoming launch of the company’s Full Self-Driving (FSD) feature in China.
What happened: A Tesla owner in China expressed his anticipation for FSD functionality to be available in the country. He also asked about the timing of the HW3.0 system’s use of 3D modeling images and the release of the new reverse assist for Tesla HW3.0 owners in China.
“It could be possible very soon,” Musk replied Xformally known as Twitter.
Because matter: This development comes on the heels of Tesla’s decision to slash the price of its FSD package by half, making it more accessible to a broader customer base. Musk had previously said that the price of the FSD would only increase as the system’s features and capabilities expanded, but the recent move contradicts this statement.
See also: Tesla’s Cybertruck outperforms Porsche Taycan in first quarter despite falling behind Ford’s F-150 Lightning, Rivian R1T
In March, Musk announced that FSD software would be “really brilliant” by late April or early May, with the company rolling out three significant improvements every two weeks to rapidly expand its capabilities. The FSD software is designed to enable autonomous driving but is still in “beta” and requires active driver supervision, contrary to its name.
Additionally, Tesla recently restarted its offer to allow its FSD software to be carried over to new vehicle purchases, after initially allowing it as a “one-time amnesty” in 2023. This move was in response to requests from several Tesla owners who wanted to transfer the FSD software. FSD software from their old Teslas to new ones.
Price Action: On Friday, Tesla shares closed at $147.05, marking a decline of 1.92% from the previous day’s close, according to data from Benzinga Pro.
Read next: ‘Fundamentally unfair:’ Tesla board chairman urges shareholders to vote again on Elon Musk’s canceled pay package
This content was partially produced with help from Benzinga Neuro and has been reviewed and published by Benzinga editors.
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