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Goldman Sachs Tempers Investor Excitement On Tesla Self-Driving Tech In China: 'Not Yet An Eyes-Off, Unsupervised Product'

Tesla Inc‘s (NASDAQ:TSLA) full self-driving, or FSD, technology “is not yet an eyes-off/unsupervised product,” according to Goldman Sachs analyst Mark Delaney. The Elon Musk-led company recently partnered with Beijing-based Baidu Inc. (NASDAQ:BIDU) as part of an initiative that is expected to pave the way for FSD service in China. “We consider the China news a directional positive,” Delaney said in a research note. The anticipated growth in FSD/software revenue over the long term had already been factored into Goldman Sachs’ valuation. See Also: Tesla CEO Elon Musk Says ‘Going Balls To The Wall’ For Autonomous Driving Is ‘Blindingly Obvious’ Tesla’s stock soared 15.3% on Monday after the electric vehicle (EV) manufacturer obtained regulatory approval to deploy supervised FSD in China. This marked the most significant one-day percentage increase since March 2021. Coupled with gains following last week’s post-Q1 results, it’s the most robust five-day upswing for the Elon Musk-led company since September 2020. Chart: Tesla Notched Best Session In Three Years, ...