business

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

Font size+Author:Global Glimmer news portalSource:style2024-04-30 12:30:18I want to comment(0)

NEW YORK (AP) — Shares of Tesla stock rallied Monday after the electric vehicle maker’s CEO, Elon Mu

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
  • Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier

    Insider Q&A: Avelo Airlines CEO Andrew Levy describes the challenges of starting a new carrier

    2024-04-30 11:58

  • American Express profits jump 34%, helped by jump in new customers, higher spending

    American Express profits jump 34%, helped by jump in new customers, higher spending

    2024-04-30 10:58

  • NOT REAL NEWS: A look at what didn't happen this week

    NOT REAL NEWS: A look at what didn't happen this week

    2024-04-30 10:29

  • Taylor Swift teases Fortnight's black

    Taylor Swift teases Fortnight's black

    2024-04-30 10:00

Netizen comments