News of electric car giant Tesla's progress toward rolling out its advanced driver-assistance feature in China isn't as groundbreaking as investors are treating it, according to a top tech investor.
Mark Hawtin, GAM Investment Management's investment director focused on investing in disruptive growth and technology stocks, told CNBC' "Squawk Box Europe" Thursday that such expectations were misleading — not least because Tesla's Full Self Driving service doesn't offer full autonomous driving.
"We should say what they're doing — everyone's talking about this full self-driving capability," Hawtin told CNBC.
On Monday, shares of Tesla rose sharply, notching their best day since March 2021, after it passed a significant milestone toward the launch of FSD in China.
This raised expectations that Tesla's FSD would soon be available in China.
Persons:
Mark Hawtin, Hawtin, Tesla, Elon Musk
Organizations:
Investment, CNBC
Locations:
China, U.S, China . Local, FSD