Tesla preparing to register full self-driving software in China - Reuters

Investing.com -- Tesla (NASDAQ: TSLA) is gearing up to register its "Full Self-Driving" (FSD) software with Chinese authorities ahead of a planned unveiling of the cutting-edge technology later this year, Reuters reported on Thursday.

Citing three people with knowledge of the matter, the news agency said that the U.S. electric vehicle giant is mulling possibly offering the software through a monthly subscription to customers in China. The fee would be equivalent to about $98 per month, Reuters said.

Successfully registering the FSD feature with China's Ministry of Industry and Information Technology will allow Tesla (NASDAQ: TSLA) to begin conducting internal tests of the technology on public roads in the country, Reuters added. The firm currently offers two less-advanced versions of its Autopilot driver assistance system in China, its second-largest market.

The report comes as Tesla faces an ongoing discounting push in China that has been fueled by intensifying competition in the country's lucrative electric vehicle sector. Tesla's sales in China slipped by 7.6% in the first four months of 2024, according to Reuters.

Shares in Tesla were higher in premarket U.S. trading.

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