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2024-04-29

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Tesla Stock Rises over 12% as Musk's China Trip Pays Off With Key Self-Driving Hurdles Cleared

Elon Musk’s surprise visit to China appears to have paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world’s biggest auto market. Tes

Tesla Stock Rises over 12% as Musk's China Trip Pays Off With Key Self-Driving Hurdles Cleared

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Tes","content":"<html><head></head><body><p>Elon Musk’s surprise visit to China appears to have paid immediate dividends, with Tesla Inc. clearing two key hurdles to introduce its driver-assistance system to the world’s biggest auto market. Tesla shares rose over 12% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dbf180aa30fc52e939f7ab4e08e49f65\" tg-width=\"1173\" tg-height=\"760\"/></p><p style=\"text-align: start;\">The US electric car maker will partner with Chinese tech giant Baidu Inc. for mapping and navigation functions to deploy what it calls Full-Self Driving, according to people familiar with the matter. 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Tesla shares rose over 12% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dbf180aa30fc52e939f7ab4e08e49f65\" tg-width=\"1173\" tg-height=\"760\"/></p><p style=\"text-align: start;\">The US electric car maker will partner with Chinese tech giant Baidu Inc. for mapping and navigation functions to deploy what it calls Full-Self Driving, according to people familiar with the matter. Tesla has also cleared a key data security and privacy requirement in China, which would help ease some of the concerns over its data security issues.</p><p>The moves come after Tesla Chief Executive Office Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker’s revenue decline. 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