Tesla CEO Elon Musk will join U.S. President Donald Trump on a diplomatic mission to Beijing from May 13 to May 15. The company rescheduled its final Model S and Model X delivery event, originally set for May 12, to accommodate the summit.
Investors view the trip as a pivotal opportunity to secure regulatory approval for Full Self-Driving (FSD) software in China. China represents Tesla’s second-largest global market. Successful negotiations could resolve months of regulatory delays, unlocking a significant revenue stream and advancing the company's robotaxi ambitions.
Tesla shares fell 2% in pre-market trading on Tuesday, May 12. The decline reflects investor uncertainty regarding the FSD rollout and the implications of Musk’s direct involvement in high-stakes trade and technology negotiations.