A South Korean lawmaker has expressed her support for Tesla’s Full Self-Driving (FSD) system as the company prepares for its European launch.
A Positive Experience with FSD
Lee So-young, a member of the country’s National Assembly, shared her experience with the technology in a video, describing it as “a completed technology” with the potential to significantly impact people’s daily lives. She mentioned that the recent launch of FSD in Korea was the first public application in the country and expressed her desire to encourage other leaders to experience self-driving technology firsthand.
Plans to Promote FSD Among Lawmakers
The lawmaker wants to promote the understanding of self-driving technology among her peers, as she believes people in her country haven’t had the chance to grasp what’s happening globally in terms of autonomous driving.
Challenges Facing Tesla
Meanwhile, Tesla is facing challenges in the US, particularly in California, where a court ruling has deemed the company’s use of terms like Autopilot and FSD as deceptive. This has led to a 30-day suspension of the company’s license to manufacture and sell vehicles in the state.
Sales Decline in the US
Additionally, Tesla has recorded a decline in sales, with a 23% drop in November, attributed to decreased demand for electric vehicles in the US amid changing policies, such as the relaxation of Corporate Average Fuel Economy (CAFE) norms.
Testing Driverless Robotaxis
Despite these challenges, Tesla is moving forward with its plans, including testing driverless Robotaxis in Austin, in line with CEO Elon Musk‘s end-of-the-year timeline.
Price Action
Tesla’s stock surged 1.39% to $473.75 during pre-market trading, according to data from Benzinga Pro.
Future Prospects
The company’s future prospects are closely tied to the success of its FSD technology and its ability to navigate regulatory challenges. As the electric vehicle market continues to evolve, Tesla’s ability to innovate and adapt will be crucial to its success.
Related News
For more information on the future of mobility and Tesla’s developments, check out our related coverage.
Key Points
- A South Korean lawmaker has endorsed Tesla’s FSD technology
- Tesla is facing challenges in the US, particularly in California
- The company has recorded a decline in sales in the US
- Tesla is testing driverless Robotaxis in Austin
- The company’s stock has surged during pre-market trading