Tesla's stock leaps on reports of Chinese approval of driving software
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
Matt Ryan will join NFL Today, Simms and Esiason depart
NEW YORK (AP) — Matt Ryan, who retired last week after 15 years in the NFL, will join CBS Sports as2024-04-30- Beijing, October8 (Youth.cn) -On October 8th, 2023, in Rongcheng, Shandong Province, aquaculture wor2024-04-30
AI industrial chain spurred on by Sora
Chinese firms may need to pool more resources into research, development of crucial technologyChina'2024-04-30Chinese premier stresses boosting high
Chinese Premier Li Qiang, also a member of the Standing Committee of the Political Bureau of the Com2024-04-30Paramount Global's Bob Bakish is stepping down as CEO
NEW YORK (AP) — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the2024-04-30Young entrepreneurs taking to world of AI
SONG CHEN/CHINA DAILYStartups bring wide range of fresh business opportunitiesA platform powered by2024-04-30
atest comment