Elon Musk's visit to China boosts Tesla's stock, but Fuguo Bank pours cold water: limited impact on EPS, many details still unclear
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Elon Musk suddenly visited China and announced a partnership with Baidu, causing Tesla's stock price to surge by 15%. Analysts at Fuguo Bank believe that the impact of the partnership is limited as details are yet to be determined. Tesla's FSD system is solely based on vision, and the role of Baidu in it remains unclear. Chinese electric vehicle manufacturers may become competitors. Morgan Stanley stated that Musk's focus concerns may be alleviated. Overall, Musk's visit to China has brought positive effects to Tesla, but further observation is still needed
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