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TESLA'S STOCK LEAPS ON REPORTS OF CHINESE APPROVAL FOR THE COMPANY'S DRIVING SOFTWARE
AppleMagazine
|May 03, 2024
Shares of Tesla stock rallied this week 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.
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Musk met with a senior government official in the Chinese capital last 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.
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