EV maker Tesla (TSLA) is working to bring its Full Self-Driving (FSD) system to Europe by starting with a key test in Sweden. Indeed, Tesla carried out a formal site assessment test (SAT) for FSD V14 this week on Swedish roads together with the Swedish Transportation Administration. What’s especially notable is that Tesla used FSD V14, which is a software version that hasn’t been released to the public yet and is expected to roll out later this week. This is an interesting shift from simply asking for permission to working directly with national regulators.
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It is worth noting that Tesla followed a similar approval process in Norway earlier this year. Furthermore, if the results from this joint test are positive, Tesla could get its first official approval to test FSD V14 on highways and certain public roads in Sweden. This would be a big step, as Tesla hasn’t been allowed to conduct real-world public testing like this in Sweden before.
After highway approval, the next challenge will be getting permission to test FSD in busy city areas. That requires a separate application and approval from local municipalities. Interestingly, highway approval would also allow Tesla to give live demos to regulators and politicians, which would let them experience the system firsthand. Unsurprisingly, this kind of real-world experience is seen as critical for gaining trust and support, and Tesla’s hands-on work with the Swedish government could set the tone for how the firm expands FSD across the rest of Europe.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 12 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $339.62 per share implies 23.2% downside risk.
