Tesla is planning to release full self-driving technology ahead of the imminent launch of its Robotaxi.

Business Insider learned Friday that Tesla's stock increased after the automaker shared its resolve to release full self-driving technology in Europe and China, before debuting the Robotaxi, which is a long-awaited release among car enthusiasts.

On X (formerly Twitter), Tesla shared that its FSD (Full Self-Driving) software has pending approval from Chinese and European regulators.

Tesla's shares increased by 5% on the same day. By noon, the automaker earned an additional 3.6%, amounting to $227.56. It also shared that in the first quarter of 2025, its full self-driving technology is expected to be released. Based on what Deepwater Asset Management forecasted for Tesla in the next three years, the company might benefit from the venture. 

Various shareholders are also anticipating the automaker's Robotaxi Day event on Oct. 10. However, investors are uncertain about the Robotaxi release due to Tesla CEO Elon Musk moving the event from August to October. The sentiments also led to speculations of a "design change" in the vehicle.

Last month, Tesla also phased out the orders for its lowest-priced Cybertruck to introduce a brand new $100,000 variant.

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