business

Tesla's stock leaps on reports of Chinese approval of driving software

Font size+Author:Global Grooves news portalSource:world2024-05-21 13:14:40I want to comment(0)

NEW YORK (AP) — Shares of Tesla stock rallied Monday after the electric vehicle maker’s CEO, Elon Mu

NEW YORK (AP) — Shares of Tesla stock rallied Monday after the electric vehicle maker’s CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software.

Musk met with a senior government official in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show.

According to The Wall Street Journal, which cited anonymous sources familiar with the matter, Chinese officials told Tesla that Beijing has tentatively approved the automaker’s plan to launch its “Full Self-Driving,” or FSD, software feature in the country.

Although it’s called FSD, the software still requires human supervision. On Friday the U.S. government’s auto safety agency said it is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road. Tesla has reported 20 more crashes involving Autopilot since the recall, according to the National Highway Traffic Safety Administration.

Related articles
  • The government wants to buy their flood

    The government wants to buy their flood

    2024-05-21 13:03

  • New Zealand's dairy giant looks to expand business in China

    New Zealand's dairy giant looks to expand business in China

    2024-05-21 12:14

  • Infographic: China

    Infographic: China

    2024-05-21 11:49

  • China's privately offered funds hit 20.58 trln yuan

    China's privately offered funds hit 20.58 trln yuan

    2024-05-21 11:46

Netizen comments