Tesla rolls out Full Self-Driving in China and CFO sells $1.3M stock
Tesla made its Full Self-Driving system available in China after years of regulatory delays, marking its first official rollout outside the U.S. CFO Vaibhav Taneja sold 3,000 shares for about $1.3 million at roughly $450 each while retaining 130,000 shares, as the stock swung on FSD approval bets.
1. Full Self-Driving System Launch in China
Tesla has launched its Full Self-Driving (FSD) system in China after years of regulatory review and testing, offering local customers software that can handle most driving tasks. This rollout represents Tesla’s first official FSD offering outside the U.S. and could unlock significant recurring software revenue in the world’s largest electric-vehicle market.
2. CFO Vaibhav Taneja Share Sale
Chief Financial Officer Vaibhav Taneja sold 3,000 Tesla shares in a tax-related transaction, generating about $1.3 million at an average price near $450 per share while retaining approximately 130,000 shares including indirect holdings. The sale comes as Tesla shares have fluctuated on expectations around FSD approval in China and broader market volatility.