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German automaker BMW (OTC:BMWYY) on Wednesday took down its appreciation for Tesla Inc.’s (NASDAQ:TSLA) full self-driving (FSD) driver assistance system without an explanation, merely hours after sharing it on social media platform X.
What Happened: BMW on Tuesday applauded the performance of version 13 of FSD in a post on social media platform X, terming it “very impressive.”
However, BMW has now taken it down.
“Too bad, that was one of their best posts!” Tesla CEO Elon Musk responded to the deletion.
The now-deleted comment had raised hopes among Tesla bulls that BMW could eventually license FSD for their vehicles.
"At some point $TSLA will sign an FSD licensing deal with another auto mnfr (manufacturer) who hasn’t developed an autonomous driving package to their liking. One deal will cause others to follow and then analysts will build licensing revs into their TSLA models and price targets. No one knows when the first one will hit, but there is at least one incoming," said the managing partner at The Future Fund and well-known Tesla bull, Gary Black, on Tuesday.
Why It Matters: Tesla CEO Elon Musk said earlier this year that the company would be “happy” to license its full self-driving (FSD) technology to other car companies.
However, in January, the company said that it had not entered into a single FSD licensing agreement.
Though the company had some tentative conversations, no agreement was entered into. "I think they (rival automakers) don't believe it's real quite yet," Musk then said."I do want to emphasize that if I were CEO of another car company, I would definitely be calling Tesla and asking to license Tesla’s full self-driving technology.”
Check out more of Benzinga's Future Of Mobility coverage by following this link.
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