I view it this way. EV car sales are down because of lots of competition so MUSK is trying make money by offering his technology to China.
I cannot see TSLA jump can last. This will be a short term reaction to news and short covering. COST, WMT, TGT are down. 50% of DOW elements are down. NVDA is also down. Market does not catalyst to go up.
Not about liability or lawsuits. the Chinese, just like the rest of us, like things that work reliably and safely. But yes FSD and such is the future. Just not the near future.
Note that story is almost a year old soon, so how many more crashes have Tesla's been involved in? https://www.caranddriver.com/news/a44185487/report-tesla-autopilot-crashes-since-2019/ Report: Tesla Autopilot Involved in 736 Crashes since 2019 The self-driving technology was also implicated in 17 deaths, according to a Washington Post investigation. BY SEBASTIAN BLANCO PUBLISHED: JUN 13, 2023