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Top 20 US stock transactions: Tesla FSD delays in China, stock price drops by over 8%, Broadcom drops by over 10%, worst daily performance in over 3 years. Tesla, ranked second in terms of transaction volume, closed down 8.45% with a transaction volume of $24.189 billion. Tesla announced on Thursday its roadmap for FSD's entry into China and Europe next year. According to media reports, Tesla's AI team has announced that they will launch FSD systems in China and Europe in the first quarter of next year, pending regulatory approval. Tesla Chinese sources said that the news is true and are currently waiting for regulatory approval. Analysts say that given Tesla's partnership with Baidu, obtaining approval in China is easier than in Europe. However, the launch of FSD in China was one quarter later than expected by Musk, who stated during the Q2 conference call that Tesla is likely to receive approval by the end of this year and believes that the promotion of FSD will not encounter regulatory obstacles. The fourth ranked Broadcom closed down 10.36%, the largest daily decline since March 2020, with a transaction volume of $10.305 billion. Broadcom has fallen by 15.9% this week, marking the second consecutive week of decline.
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