- Tesla plans to launch its Full Self-Driving (FSD) technology in the United Arab Emirates (UAE) as early as next month, pending final preparations.
- Delaware’s Supreme Court has reinstated Elon Musk‘s 2018 compensation package at Tesla, reversing a 2024 lower-court decision that had canceled the plan.
- Tesla’s FSD is currently available in the U.S., Canada, Mexico, and China, with plans to seek European approval, starting with the Netherlands in 2026.
- Tesla shares reached an all-time intraday high, reflecting both the reinstatement of Musk’s pay package and optimism over the company’s autonomous driving rollout.
Tesla is on track to expand its advanced Full Self-Driving (FSD) technology to the UAE as soon as next month, according to CEO Elon Musk. The announcement was made by Musk in a post on X, outlining the company’s next steps for its autonomous driver assistance system, which is already available in select markets including the United States, Canada, Mexico, and China. Efforts to roll out FSD in Europe are underway, with the Netherlands identified as a potential starting point for approval by 2026.
The positive momentum for Tesla continued in financial markets. TSLA shares reached a record intraday high of $498.82 on Monday, before settling up 3% at $494.4. The rally was attributed to renewed optimism regarding the international expansion of its self-driving platform and the recent legal developments concerning Musk’s compensation.
On Friday, the Delaware Supreme Court unanimously overturned a previous ruling that had voided Elon Musk‘s 2018 stock-based compensation plan at Tesla. The lower court had previously deemed the nearly $56 billion package excessive, but the higher court found that canceling the award would be inequitable. The justices stated that removing the compensation “leaves Musk uncompensated for his time and efforts over a period of six years.” This package, which was approved again by Tesla‘s shareholders in 2024, represents one of the largest corporate pay plans to date.
In addition to the reinstated package, Tesla shareholders in November approved a new, performance-based pay scheme for Musk. The updated plan could award him up to 423.7 million Tesla shares over the next decade, contingent on the company meeting operational and financial milestones, such as increases in earnings, vehicle deliveries, and development of new products like robotaxis and humanoid robots.
Retail sentiment regarding TSLA remained “bullish” on Stocktwits over the previous 24 hours, although the number of related messages eased from “extremely high” to “high” levels. Year to date, Tesla stock has gained 22%, with an approximate 15% increase over the past twelve months.
For more details, refer to the official X post by Elon Musk.
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