Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Tesla's stock leaps on reports of Chinese approval of driving software !

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

Time:2024-04-30 12:20:49 source:International Insight news portal

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 information
  • DPRK successfully test
  • International flight launched between Karachi, Islamabad, Beijing
  • Xiplomacy: How an Economic Corridor Has Changed Lives in Pakistan
  • Over 500 rescuers rush to put out forest fire in southwest China
  • Convicted robber, 45, admits stabbing charity busker, 87, while riding his mobility scooter
  • 195 mln trips made through China's railways from Sep 27 to Oct 8
  • Zhangjiakou is ready for the 2022 Winter Olympics
  • Rwanda basketball league resumes after 7
Recommended content
  • IMF approves immediate release of final $1.1 billion tranche of $3 billion bailout to Pakistan
  • Book on Xi Jinping Thought on the Rule of Law Published
  • Prehistoric reptile fossil found in China's Three Gorges area
  • China updates train ticket purchasing for foreigners
  • Tesla, Domino's Pizza rise; AMC Entertainment, SoFi Technologies fall, Monday, 4/29/2024
  • 195 mln trips made through China's railways from Sep 27 to Oct 8