Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
US Stock Futures Rise as Markets Await July Payrolls Data 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Trump Unveils $3 Billion U.S. Critical Minerals Push 
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
BOJ Rate Hike Expectations Rise Ahead of September Meeting 
Philippine GDP Growth Slows to 2.3% in Q2 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
US Job Growth Seen Picking Up in July 
Tesla's FSD Approval Pending in China
Tesla Inc. (NASDAQ: TSLA) is still awaiting authorization from the Chinese government to launch its Full Self-Driving (FSD) technology. According to a China Daily report, the company is seeking permission to gather more data, but its proposal remains under review by multiple regulatory authorities.
Data Security Concerns
Data security is a significant concern, impacting Tesla's plans for a 2025 launch of FSD in China and Europe. CEO Elon Musk expressed optimism about receiving regulatory clearance by the end of 2024. Currently, Tesla's FSD, which includes features like self-parking and autonomous lane changes, is a paid upgrade to the existing Autopilot system available in China.
The Future of Autonomous Driving
Despite the advancements, FSD does not equate to complete autonomy; drivers must remain alert and ready to intervene. Following a decline in vehicle sales, Tesla has emphasized FSD and artificial intelligence as key growth areas, with Cybercab—an entirely autonomous vehicle—set for a 2025 release. However, regulatory scrutiny continues to pose challenges for Tesla's global plans for autonomous vehicles.
Tesla did not respond immediately to requests for comments.
