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 11:33:23 source:Culture Circuit 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
  • Thai FM offers to resign after cabinet reshuffle
  • French musical Don Juan starts China tour
  • Syrian, Russian forces destroy terrorist strongholds in N. Syria
  • Mexico evacuates 34 citizens from violence
  • Foreign diplomats impressed by traditional culture, high
  • European Parliament adopts new migration, asylum pact
  • China releases ecological protection compensation regulations
  • China's Qinghai sees significant growth in green coverage in 2023
Recommended content
  • A second new nuclear reactor is completed in Georgia. The carbon
  • Hong Kong defends new security law
  • China to build pilot zones for special needs education reform
  • Yemen's Houthis claim missile attacks on British, Israeli, U.S. ships
  • A retired Roman Catholic bishop who tried to mediate between cartels in Mexico has been kidnapped
  • China launches campaign to boost grain output