Tesla Inc.’s (NASDAQ:TSLA) recent achievement in passing a significant milestone for its full self-driving (FSD) technology in China sparked discussions among investors and enthusiasts.

The news, which caused Tesla’s share price to spike more than 15% on Monday, comes as the electric car maker continues to navigate the competitive Chinese market.

Strategic Win For Tesla

The breakthrough in China raises expectations that Tesla’s FSD technology will soon be available in the country. China is Tesla’s largest market for electric vehicles.

Investors see this move as a strategic win for Tesla. Especially since it comes at a time when it is facing stiff competition from local rivals such as BYD Co Ltd (OTCPK:BYDDF) (OTCPK:BYDDY), Nio Inc – ADR (NYSE:NIO), and Xpeng Inc – ADR (NYSE:XPEV).

However, some investors remain cautious about the impact of this development on Tesla’s stock.

May Not Be The Catalyst To Drive Further Gains, Says Redditor

The Redditor known as Puginator posted on r/stocks, sharing his opinion on the news. He highlighted that while Tesla’s stock saw a significant jump, this may not be the catalyst to drive further gains.

Others echoed similar sentiments. Two Redditors pointed out previous announcements by Tesla, such as the unveiling of Tesla 2 and the promise of robotaxis, did not have a significant impact on the stock price.

Despite the skepticism, some believe Tesla’s move to bring its FSD technology to China could have broader implications.