According to Elon Musk, Tesla’s full self-driving technology will likely face local competition in China by 2024. In an interview with analysts, Musk acknowledged that Chinese companies are working on similar autonomous driving systems and are making “massive efforts” in this area. He expects them to catch up rapidly, stating, “They are going to be good, probably by 2024 or 2025.” Musk also mentioned that Tesla’s full self-driving system is currently in beta testing with over 100,000 vehicles in the United States and Canada. He believes that once the system is fully debugged and approved by regulators, it will provide a significant revenue stream for Tesla. However, he cautioned that the regulatory approval process is difficult and could take some time. Overall, Musk’s comments highlight the growing competition in the autonomous driving space, particularly from Chinese companies, and the challenges Tesla faces in bringing its full self-driving technology to market.