$Baidu(BIDU)$ $BIDU-SW(09888)$ $Tesla Motors(TSLA)$ now + 14 % after a deal with Baidu.... That's about + 60 billion in market cap . Just for getting a deal with Bidu.
Whatever details on the deal, it affirms BIDU's dominance in autonomous driving and if TSLA pegs its growth on this market, then BIDU should do even better. Still a gift at $107.
it's wild to me that this company has 100 billion cash with 36 billion free cash flow and the geopolitical factor suppresses it down to around a 40 billion valuation. The TSLA stock gain after the latest update is larger than the entire BIDU market cap! lol
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