Tesla (TSLA) CEO Elon Musk returned from a trip to China with a deal allowing the company to implement its "Full SelfDriving" (FSD) technology in the country. After the announcement, the company's shares began to rebound from recent lows.
Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Market Domination to discuss Musk's recent trip to China and the impact it will have on the company moving forward.
Ives outlines Tesla's key victories in China: "If you look what Musk has been able to do, remember years ago they say he would never be able to build a factory in China now look at GIga. The point is they need Tesla as much as Tesla needs China because it's the trophy case. You look at Apple (AAPL), you look at Tesla, two of the best brands in the world, that's why they allow this. With Baidu as a partner. And the reason it's so important is that Tesla almost had one hand behind its back not having FSD in China, now they have that. And I believe what is starting to get factored in here is the demand. I'm not saying the next week or two, but demand recovery in China. But betting against Musk, it's like betting against Brunson in the playoffs. "
#youtube #Tesla #china #news

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, uptodate news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

Get the latest news and data at finance.yahoo.com

Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

Follow Yahoo Finance on social:

X:   / yahoofinance  
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook:   / yahoofinance  
LinkedIn:   / yahoofinance