Musk: Europe, China to Approve Tesla FSD Next Month, Boosting Revenue Hopes

• Elon Musk expects Tesla's Full Self-Driving (FSD) system to receive approval in Europe and China by next month.
• This approval is crucial for Tesla to monetize FSD outside the U.S., amidst declining EV sales.
• Musk made the announcement at his first appearance at the World Economic Forum in Davos.
• Tesla's shares rose by approximately 1.5% following Musk's comments.
• The FSD system is an advanced driver assistance feature requiring driver attention, facing regulatory scrutiny over safety.

Why It Matters: Tesla anticipates European and Chinese approval for its FSD system next month, vital for revenue growth.