Wedbush notes Tesla (TSLA) got the long awaited FSD approval in China after years trying following Musk’s surprise visit to Beijing this weekend. Tesla will partner with Chinese tech stalwart Baidu (BIDU) for mapping and navigation functions that was clearly key to getting the green light from Beijing. Tesla winning FSD approval in the key China market is a watershed moment for the Tesla story in Wedbush’s view. While the long-term valuation story at Tesla hinges on FSD and autonomous, a key missing piece in that puzzle is Tesla making FSD available in China which is now a done deal, the firm adds. Wedbush has an Outperform rating on the shares with a price target of $275.
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