Tesla's (TSLA) Full Self-Driving Could Expand in China Due to New Data Export Rules
China has released draft guidelines that could help EV maker Tesla (TSLA) expand its advanced driver-assistance features in the country, according to a Bloomberg report on Friday. For the first time, Beijing has provided clear rules on how data generated in China, including from driver-assistance systems and product development, can be accessed, used, and exported. This is an important step for companies like Tesla, which need to send data abroad in order to improve their systems.
Confident Investing Starts Here:
The proposed guidelines were published by China's Ministry of Industry and Information Technology, along with seven other government agencies, and are now open for public comment. The framework covers key types of information, such as autonomous driving algorithms, training images, operational data, and vehicle-to-road perception data. These are all critical for developing and improving advanced driver-assistance technologies like Tesla's Full Self-Driving (FSD) system.
Being able to export this data is especially valuable for Tesla because the core team working on FSD is based in the U.S., and having access to real-world data from Chinese roads would help optimize the system's performance in China, the world's largest car market. It's worth noting that, until now, strict data controls have been a barrier for foreign automakers. However, the new guidelines could provide Tesla with a clearer path to making its most advanced driver-assistance features more competitive in China.
What Is the Prediction for Tesla Stock?
Overall, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and nine Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $285.97 per share implies 12.1% downside risk.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
an hour ago
- Newsweek
Putin's Oil Empire Gets Double Boost
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The U.S. will not back an EU proposal to impose a price cap on Russian oil that seeks to curb revenues for Russian President Vladimir Putin's war machine, according to Bloomberg. Russia could also benefit from the spike in oil prices following Israel's attack on Iran, a major producer of the commodity. Newsweek has contacted the White House for comment. A fuel tank farm of Russian oil pipeline giant Transneft on December 13, 2023. A fuel tank farm of Russian oil pipeline giant Transneft on December 13, It Matters Revenues from fossil fuels form the core of Russia's fiscal planning. As well as targeting Russia's natural gas, the European Commission's 18th sanctions package proposed lowering the cap on seaborne Russian oil from $60 to $45. The EU measures, which also target Russian businesses and banking, requires the backing of all 27 members. The proposal on Russian oil would need the support of the G7, which meets later this month. Bloomberg's report that Washington will not back the move deals a blow to Western hopes of limiting Moscow's means to fund its aggression in Ukraine, especially after oil prices rose following hostilities between Israel and Iran. What To Know The G7 introduced the $60-a-barrel cap that restricts the price Russia can earn from its seaborne oil. But it has not been effective in curbing the Kremlin's revenues since coming into effect in February 2023, partly because of Moscow's sanctions-busting "shadow fleet" of older vessels and a slump in oil prices. The European Commission proposed this week to drop the cap to $45, with High Representative Kaja Kallas suggesting that because Russian oil mostly transits the Baltic and Black Seas, U.S. support for the measure is not essential. An accord involving all G7 nations would be more effective because of the strength of U.S. enforcement, but the U.S. opposes dropping the price cap, Bloomberg reported, citing unnamed sources. Russian President Vladimir Putin at the St. George's Hall of the Grand Kremlin Palace on June 12. Russian President Vladimir Putin at the St. George's Hall of the Grand Kremlin Palace on June 12. Oil prices surged following Israel's strikes against Iran, and West Texas Intermediate crude futures advanced by more than 7 percent to settle near $73 a barrel, the biggest one-day jump since March 2022. The Institute for the Study of War said on Friday that the oil price rise may increase Russian revenue from oil sales and improve Russia's ability to sustain its war effort in Ukraine, delivering a boost to Putin. The Washington, D.C., think tank said Moscow might be able to leverage sudden oil price rises to weather economic challenges and finance a protracted war in Ukraine. This is notable given the concerns Putin previously voiced that any reduction in the oil price would likely risk destabilizing Russia's economy. Nikos Tzabouras, a senior market analyst at told Newsweek that although prices are set to rise, sustained hikes would require disruption to supply chains, and the U.S.'s denial of involvement in Israel's strikes keeps hope alive for a contained conflict, keeping downward pressure on oil. A sustained upside would require actual disruptions to physical flows, such as damage to Iran's oil infrastructure or a blockade of the Strait of Hormuz, a key global chokepoint, Tzabouras added. What People Are Saying The Institute for the Study of War said in a report on Friday: "Oil price increases following Israeli strikes against Iran may increase Russian revenue from oil sales and improve Russia's ability to sustain its war effort in Ukraine." Nikos Tzabouras, a senior market analyst at told Newsweek: "The U.S. denial of involvement offers a possible off-ramp, keeping hopes alive for a contained conflict and continuation of nuclear talks, which could pressure oil." Allen Good, the director of equity research at Morningstar, told Newsweek: "We expect, absent a wider war, today's rise in prices will likely prove to be a sell-the-news event. Oil markets remain amply supplied with OPEC set on increasing production and demand soft." What Happens Next The G7 summit is expected to discuss the oil price cap proposal when it meets in Alberta, Canada, from Sunday. The EU may try to proceed with the measure even if the U.S. rejects the proposal. U.S. President Donald Trump and his officials will make the final decision, Bloomberg reported. Meanwhile, markets continued to eye the effects the hostilities between Iran and Israel are having on oil prices.
Yahoo
an hour ago
- Yahoo
10 Electric Vehicles With the Fastest Charging Times
Some EVs can charge up to 80% in just 5 minutes, faster than filling a tank with fuel. Tesla models aren't the fastest but still add lots of range in 15 minutes using Superchargers. There's a choice of SUVs, hatchbacks, and performance cars with impressive driving range and 18–20 minutes charging times. One of the biggest problems with ownership is long charging times. Few people want to sit around for an hour or more to be able to drive their car. However, a global push and huge investment in EVs has forced improvements in battery technology and charging speeds. Now, many can charge up to 80% in 25 minutes or less. These ten electric cars prove that owning one doesn't need to be an inconvenience. In fact, one charges faster than filling a tank with fuel. Surprisingly, Tesla didn't make the cut this time. Despite an impressive Supercharger network and recent updates to the Model 3 and Model Y, both still take around 27 minutes. That said, a lot of range is added in 15 minutes using a Supercharger, so don't discount them entirely. In order to give you the most up-to-date and accurate information possible, the data used to compile this article was sourced from various manufacturer websites. Please note that we have ranked the following models based on charging time from 10-80%, from slowest to fastest. Where 10-80% charging times were not available, we consulted the Electric Vehicle Database. This fully-electric hypercar has 1,914 horsepower and reaches 60 mph from a standstill in an eye-watering 1.74 seconds. More impressively, it recharges to 80% in 25 minutes. If all that power wasn't enough, there's a hardcore Nevera R with over 2,107 hp and the same recharge time. We should note this time is from 0-80%, whereas the other cars on this list are from a 10% charge. So, technically, this time would be slightly shorter. The Macan Electric is the latest EV from Porsche, following the Taycan. It shares Volkswagen Group's new Premium Platform Electric (PPE) architecture with the Audi Q6 e-tron models from Audi. However, the Macan charges quicker than the Audi's, and squeezes more driving range. Every Macan Electric takes 21 minutes to charge from 10%-80% and gives 315 miles. Only the SQ6 matches this, while the other Q6 models only get 275 miles and need an extra minute. Kia has come a long way from its humble beginnings as an affordable, reliable manufacturer. While maintaining great value and excellent reliability ratings, Kia EVs now compete with top players. The EV9 is a budget Range Rover that's perfect for family road trips. The EV9 Light RWD travels up to 230 miles on a single charge, then recharges from 10%-80% in 20 minutes, allowing just enough time for a rest stop. Higher trims can go much further when plugged in for another few minutes. Lotus is a British sports car manufacturer which was bought by Geely in 2017. Since then, we've seen a focus on EVs, with the Lotus Evija hypercar, Emeya sedan, and the Eletre SUV. Thankfully, performance remains at the heart of the Eletre. Available with 603 bhp and 373 miles of range, or 905 bhp and up to 310 miles of range, this electric performance SUV charges up to 80% in 20 minutes. Another entry from the Hyundai family is the Genesis Electrified GV70. A model refresh last month treated the GV70 to a 27-inch panoramic display, AI-powered auto-terrain selection, and, most importantly, an upgraded 84 kWh battery. Now capable of up to 298 miles on a single charge, the advanced 800-volt architecture can charge from 10%-80% in 19 minutes. That's a minute slower than the previous generation, but it delivers a range boost of 15 miles. These performance-orientated EVs are as fun, if not more, than internal combustion engines — especially the Ioniq 5 N. This hot hatch behaves as it should, mimicking gear shifts and engine noises, adding to the experience. The Kia EV6 GT feels slightly different due to its longer dimensions, but it's still ridiculously fun and has a drift mode. Both share the same battery, which only takes 18 minutes to charge. Hyundai is dominating the EV market with another two fast-charging models. At first glance, the Genesis GV60 and Hyundai Ioniq 6 appear to have nothing in common, but they're built on the same dedicated platform. Although the Ioniq 6 gets considerably more range at almost 400 miles, and has low long-term maintenance costs, both charge up to 80% in 18 minutes. Similar to the Eletre, the Lotus Emeya offers outputs of 603 or 905 bhp. This four-door GT hypercar uses a smaller battery than its SUV sibling, making its official charging time 18 minutes. However, a charging index study by P3 Group recorded an incredibly fast 14 minutes under real-world conditions. Though impressive and faster than most, it's still much slower than the fastest on this list. Another premium performance duo capable of recharging their batteries in 18 minutes are the Porsche Taycan and Audi e-tron GT. It's Audi who edges ahead in terms of driving range, but the e-tron GT has fewer options and a bigger price tag. Porsche offers various body styles, outputs, and battery sizes, though only models with the 105 kWh battery achieve this charging time. While the BYD Han L isn't for sale outside of China yet, it earns the title of the fastest-charging EV, adding 1.2 miles of range every second. The new flash-charging battery works with Megawatt chargers to reach 10%-80% charge in five minutes — that's quicker than filling a tank with fuel. BYD confirmed the European expansion of the 1000v charging stations, so hopefully we'll see this revolutionary technology across the globe, making EV ownership more appealing and convenient.
Miami Herald
2 hours ago
- Miami Herald
Tesla claims rival startup is built on stolen trade secrets
Most people are waiting early for news on Tesla's (TSLA) planned robotaxi rollout, an event that CEO Elon Musk has been hyping up for months. With the buzz surrounding this well-publicized event, one that could usher in a new era for the automotive transportation industry, it can be easy to overlook Tesla's updates in other areas. But the company recently revealed that it may face a new challenge from a competitor in a different part of the sector. Don't miss the move: Subscribe to TheStreet's free daily newsletter On Wednesday, June 11, Tesla filed a complaint in a San Francisco Federal Court, accusing a former employee of leaving the company with illegal material that may have been used to launch another company, which several prominent venture capitalists have backed. Now this startup is threatening Tesla's progress in a fast-growing market, and Musk's company is taking legal action in an attempt to avoid loss of market share. Image source: Zawrzel/NurPhoto via Getty Images Over the past few years, Tesla's Optimus program, its division that focuses on developing humanoid robot technology, has come into focus as Musk has touted its progress. He's discussed a future in which robots outnumber humans and perform many of the tasks typically done by humans. Related: Elon Musk finally gets some good news from Jeff Bezos That may sound like something out of a work of science fiction, but Tesla's more recent news reads more like something out of a novel by John Grisham or Scott Turow. The company is suing a former employee who left the company and promptly started a competitor, allegedly with stolen trade secrets. Zhongjie "Jay" Li spent two years at Tesla, serving as a Technical Lead between August 2022 and September 2024. During this time, he "advanced robotic hand sensors - and was entrusted with some of the most sensitive technical data in the program," according to the company's attorneys. When he left Tesla, though, Li allegedly walked away with highly classified information that the company believes he used to launch listed as being launched the same month that he departed. The startup's LinkedIn profile states that it creates "humanoids dexterous enough to thread a needle." More Tesla News: Tesla rival gets good news as robotaxi launch loomsThe 'anti-Tesla' gives American buyers more good newsTesla makes a desperate move as it continues to lose customers did not immediately respond to an inquiry from TheStreet regarding the lawsuit, and so far, has not issued a public statement on Tesla's accusations. However, Li has posted to X recently, implying - but not explicitly stating - that he doesn't trust Musk. Musk has staked much of Tesla's growth prospects on its robotaxi launch and its plans to advance into the humanoid robotics market. However, the lawsuit against Li isn't the only potential hurdle for the company to overcome as it rushes to usher in a turnaround. Related: Tesla faces new challenge as leader announces exit Early in June, Tesla lost one of its engineering leaders, as Vice President of Engineering Milan Kovic announced he would step down from his role at Optimus, effective immediately. He said his decision had nothing to do with Musk and purely reflected his own desire to spend more time with family. Even so, Musk's robotaxi ambitions are facing a growing list of challenges at a highly pivotal time. The company's declining sales across the U.S., Europe, and China indicate that it will need to make progress in other areas to remain competitive and keep shares elevated, despite Musk's decision to return to the company. Tesla has teased progress from its robotics division, including sharing a video of a dancing robot. But Proception claims to have overcome one of robotics' biggest challenges, that of creating a hand that can truly match human dexterity. It remains unknown how the lawsuit will progress. But in the short term, Tesla must deal with the fact that a new rival appears to be making progress in an important area. Related: Elon Musk company reveals major leap forward The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
