Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock

Tesla's roll out of full-self driving technology in China could earn it over $2 billion by 2030, Bank of America said. Tesla's success in getting China to approve its full self-driving technology could rev up the firm's earnings this decade, Bank of America said. The electric vehicle maker could pocket in excess of $2 billion by 2030, assuming that its software is increasingly adopted by Tesla drivers in China, the bank wrote on Monday. Once the technology rolls out, Tesla could charge Chinese FSD users around $99 a month, based on its US pricing. In the case that just a quarter of the 1.6 million Tesla drivers subscribe, this would amount to just half a billion in annual revenue, Bank of America said. Also possible is that FSD generates zero earnings if Tesla feels pressured to deploy the technology at no cost to the consumer. Aside from the China FSD deal, Tesla's stock will also benefit from the August Robotaxi event, a fresh product in 2025, and the possible licensing of FSD. Bank of America maintains a $220 price target on Tesla, representing almost 20% upside from current levels.