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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Tesla Reassures Chinese Consumers Over In-Car Cameras on Security Concerns

04/07/2021 | 06:42am EDT

By Yifan Wang

Tesla Inc. said Wednesday that in-car cameras in its vehicles aren't activated outside of North America, in a move to reassure Chinese consumers over recent security concerns.

"Even in the United States, car owners can freely choose whether to turn on the function. Tesla is equipped with a network security system with the world's leading security level to ensure user privacy protection," Tesla said in a post on China's Twitter-like platform Weibo.

The statement came as the U.S. auto maker sought to further assure consumers of data safety after Beijing in March moved to restrict the use of Tesla cars by military personnel or employees of key state-owned companies, citing concerns over data leaks and national-security risks.

In an earlier attempt to appease concerns in China, the world's largest auto market, Chief Executive Elon Musk told a high-level state-backed conference that Tesla would never provide the U.S. government with data collected by its vehicles in China or other countries.

China has become a core market for the company, accounting for about a quarter of its global sales of roughly 500,000 vehicles in 2020.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

04-07-21 0641ET

Stocks mentioned in the article
ChangeLast1st jan.
TESLA, INC. -5.63% 634.21 Delayed Quote.-4.72%
WEIBO CORPORATION 0.77% 48.26 Delayed Quote.16.88%
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Financials (USD)
Sales 2021 49 350 M - -
Net income 2021 3 331 M - -
Net cash 2021 9 077 M - -
P/E ratio 2021 218x
Yield 2021 -
Capitalization 648 B 648 B -
EV / Sales 2021 12,9x
EV / Sales 2022 9,49x
Nbr of Employees 70 757
Free-Float 80,0%
Chart TESLA, INC.
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Tesla, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 34
Average target price 673,13 $
Last Close Price 672,37 $
Spread / Highest target 78,5%
Spread / Average Target 0,11%
Spread / Lowest Target -77,7%
EPS Revisions
Managers and Directors
NameTitle
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio J. Gracias Independent Director
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