Part 8/10:
On the automotive front, Financial Times reports on Tesla's struggles to secure approval for its Full Self-Driving (FSD) technology in China. Delays in regulatory approval pose challenges for Tesla to operate effectively within one of its most critical markets. Moreover, this situation is further complicated by stringent data security policies in both the U.S. and China, which hinder Tesla's ability to transfer and manage data efficiently.
Despite initial optimism from CEO Elon Musk regarding FSD's market potential in China, increasing competition from domestic players like BYD complicates the landscape. Tesla's historical leadership is being challenged by innovative local manufacturers offering advanced features at more competitive prices.