Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
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U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
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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.
