Cathie Wood: People Have No Idea What Tesla Just Revealed

A big step forward for Tesla
During Tesla's first-quarter earnings, George Gianarikas of Canaccord Genuity asked Musk specifically about FSD in China. While Musk remained somewhat tightlipped, he did share that the plan for FSD is to release the technology "where we can get regulatory approval for that, which we think includes China."
It seems that he wasted no time trying to make good on that outlook. Following Musk's discussion with regulators, Reuters reported that Tesla and Baidu have agreed to initial terms for the implementation of FSD in China.
Although details surrounding the partnership are sparse, Reuters reported that Tesla will be leveraging Baidu's mapping license for FSD. In essence, Tesla's vehicles collect and store myriad data points such as road designs, traffic patterns, neighborhood layouts, and more in order to develop autonomous driving.
By accessing Baidu's mapping database, Tesla should make significant strides in its FSD platform -- which it hopes to integrate into its vehicles in China.
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[@JohnSmith-lf3qn]

Tesla stock value should start falling since: 1) Chinese not buying as many 2) Americans finding out that the resale values are much less; most dealers don't want used Teslas 3) Price cuts are causing older owners to be underwater on loans 4) Expensive to fix with all the complex sensors and no OEM parts 4) High insurance costs 5) Productivity declines if part of your day charging especially if you live in an apartment 6) Americans don't even want them for rentals: Hertz CEO fired for buying 100,000 Teslas that nobody wanted. 7) Not enough charging stations and massive theft of copper wires which renders them inoperable. 8) Less American support for the "Global warming crisis" because the hypocrite elites who scare the public never buy electric cars.