Tesla has been criticized for its driving assistance in China for a very long time, nevertheless it is criticized for not meeting expectations. Because of this, stock prices plummeted greater than 8%.
Reuters reported that Tesla has been updated by Tesla in China, but has been accused of Chinese consumers.
This update is the core of town search in China, adding features equivalent to changes in automotive lines and transformation of traffic lights and directions.
Nevertheless, some experts identified that they’re far below the FSD within the US because they lack data learning on Chinese roads and traffic rules. Auto pilot is a driver support function that’s less autonomy or function than FSD.
Criticism continued in Chinese social media. Unlike promoting for a few years, performance is lower than expected. It’s also said to be far wanting China’s BYD. But the worth is that Tesla is way more expensive.
Because the news became known, Tesla’s share price fell by greater than 8%. It’s the bottom since November 7, just after Donald Trump’s election.
CNBC analyzed that the effect of President Trump’s election, which had maintained Tesla’s stock price, is now gone. Tesla also identified that the stock price fell 15%the day after the presidential election, but earlier this month, the stock price fell when President Trump announced that it will impose tariffs on Canada, Mexico and China.
It’s also affected by low performance. Within the fourth -quarter earnings announcement, the corporate made lower than market expectations, with automotive sales decreased by 8% 12 months -on -year and operating profit dropped 23%.
By Dae -jun Lim, reporter ydj@aitimes.com
