Tesla Launches FSD in China, Reports $890M Revenue from SpaceX/xAI
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Tesla has launched its Full Self-Driving (Supervised) software in China, marking a significant expansion into a critical market for its autonomous driving technology. The company also reported approximately $890 million in revenue from SpaceX and xAI since 2023, generated through energy products, charging technology, and engineering services. This financial detail reinforces the strategic collaboration on AI and chip initiatives, which has been a consistent focus in recent news, including the Terafab joint venture and AI5 chip development. The FSD launch in China represents a major new revenue opportunity and market access for Tesla's software, while the inter-company revenue provides tangible benefits from its broader AI and robotics strategy. A minor recall of 14,575 Model Y vehicles for missing labels is also noted but is unlikely to be material.
At the time of this announcement, TSLA was trading at $423.67 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.6T. The 52-week trading range was $273.21 to $498.83. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.