Goldman Sachs Tempers Investor Excitement On Tesla Self-Driving Tech In China: 'Not Yet An Eyes-Off, Unsu

Goldman Sachs analyst Mark Delaney indicated that Tesla's Full Self-Driving (FSD) technology in China is not yet fully autonomous and requires supervision. Despite this, the partnership with Baidu is seen as a positive step towards expanding FSD service in China. Tesla's stock surged following regulatory approval for its supervised FSD in China, marking significant gains and its best performance since March 2021.

Delaney also cautioned about the challenges Tesla faces in adapting its FSD technology for China, including local regulations and the competitive landscape with existing ADAS and autonomous systems. Goldman Sachs maintains a cautious outlook with a $175 price target over the next 12 months, acknowledging the growth potential in FSD but also considering possible declines if investor enthusiasm wanes.