Tesla CEO’s Talks with Premier Li Qiang Hint at FSD Release
Tesla CEO Elon Musk‘s surprise visit to Beijing centered on discussions about the forthcoming Full Self-Driving (FSD) software rollout and data transfer permissions, as disclosed by an insider.
Reports from Chinese state media confirmed Musk’s meeting with Premier Li Qiang, acknowledging Tesla’s role in fostering successful U.S.-China economic ties.
In a social media post, Musk expressed gratitude for meeting Premier Li, reminiscing about their acquaintance since Tesla’s early days in Shanghai.
Tesla’s strategic move into China began with an agreement in 2018 to establish a manufacturing plant in Shanghai, marking its first venture beyond the United States.
Despite customer demand, Tesla has yet to introduce its FSD software in China, which is the second-largest market globally.
However, Musk hinted at a potential imminent release during interactions on the social media platform, X. This visit holds significant importance for Tesla’s market strategy, with Wedbush analysts deeming it a pivotal moment for the company.
While Tesla faces competition from Chinese automakers like Xpeng, which are rolling out similar autonomous driving software, Musk aims to solidify Tesla’s position in the Chinese market.
Since 2021, Tesla has complied with Chinese regulations, storing all data collected by its Chinese fleet in Shanghai.
Musk seeks authorization to transfer this data overseas, important for refining Tesla’s autonomous driving algorithms.
Musk’s visit was kept confidential, with sources speaking on anonymity due to non-authorization to engage with media.
Chinese state media’s coverage of Musk’s meeting with Premier Li omitted details regarding FSD and data transfer discussions.
Amidst his visit, Musk’s optimistic remarks about the future of electric vehicles in China were echoed by a top Chinese auto association’s certification of Tesla’s Model Y and 3 cars for compliance with China’s data security standards. Musk’s visit follows his cancellation of a planned trip to India, citing pressing obligations.