The post AI predicts TSLA stock price for end of 2024 as Tesla awaits Chinese FSD approval appeared on BitcoinEthereumNews.com.

Electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) is still waiting for Chinese authorities to approve its Full Self-Driving (FSD) technology, which has been touted to positively impact the firm’s equity. As it stands, Chinese authorities are reportedly reviewing the technology, focusing on elements such as data safety and compliance with laws. Tesla had indicated that the system could be in place within the first three months of 2025, with the Asian economic giant primarily concerned with data security. Indeed, the FSD garnered more attention during the October 10 Robotaxi launch, when the company showcased the integration of the technology in its new and upcoming vehicles. Some analysts believe this technology will allow Tesla to showcase its ability in the artificial intelligence scene, which could affect TSLA’s share price. AI predicts Tesla stock price  Considering the size and significance of the Chinese market, any delay in the FSD rollout could impact investor interest. Therefore, to determine how TSLA might trade in the wake of these developments from China, Finbold consulted OpenAI’s ChatGPT-4o. According to the AI platform, the regulatory hurdle in China could affect TSLA both in the short and long term. As the regulatory review continues, Tesla could remain in the $210 to $240 range, reflecting cautious optimism. However, if the Texas-based firm demonstrates significant progress towards approval (e.g., successful trials in Chinese cities), the stock could reach $250 to $270 in the medium term, according to ChatGPT-4o.  Longer-term success would depend heavily on regulatory clearance, partnerships with local Chinese firms, and actual FSD deployment, potentially driving the stock significantly higher. Conversely, delays or government pushback could pressure the stock downward, possibly below $200. Tesla stock price prediction. Source: ChatGPT-4o FSD facing concerns in the United States On the other hand, as Tesla seeks approval in China, the company is…

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Filed under: News - @ October 18, 2024 5:20 pm