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Tesla Eyes Chinese Data Center To Boost Autonomous Driving Tech: Report

Tesla, led by Elon Musk, is reportedly eyes a data center in China to enhance its self-driving technology. This move aligns with their strategy to locally process data for the Full Self-Driving (FSD) system, reflecting a shift to secure local processing capabilities and adapt to the competitive EV market. The initiative underscores Tesla's focus on leveraging Chinese data for AI development amid U.S. tech transfer restrictions.

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Warren Buffett-Backed BYD’s Sales Executive Warns Tesla Ahead Of Earnings: ‘You’ll Face Serious Challenges’

Tesla, set to report its results after the market closes on Wednesday, is under pressure due to a slowdown in global EV demand and the need to maintain its profit margins. The company has already reduced its prices in China, the world's largest auto market, amid intensifying competition and investor doubts, which have led to a market valuation drop of over $94 billion in the first two weeks of 2024.

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