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
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
ST. PAUL, Minn. (AP) — Uber and Lyft plan to keep operating in Minnesota after the state Legislature2024-05-21With a wet Easter looming, we round up the 20 best last
With the Easter holidays looking like a washout, perhaps it’s time to escape to fairer shores and wa2024-05-21Bridges across the US that suffered same fate as Francis Scott Key in Baltimore
In the wake of the Francis Scott Key Bridge's shocking pre-dawn collapse, engineers are revealing th2024-05-21I took a flight from Bristol to Edinburgh instead of getting the train
Two friends have compared the same journey via bus and plane to expose the delays and inconveniences2024-05-21Lynn Williams breaks NWSL goal
Lynn Williams scored her 79th league goal, becoming the National Women’s Soccer League all-time scor2024-05-21Best stocks & shares Isas: Pick the right investment account
DIY investingHow to choose the best (and cheapest) stocks and shares Isa and the right DIY investing2024-05-21
atest comment