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
1 dead, 7 missing after 2 Japan MSDF helicopters crash near Izu Islands
One death has been confirmed after two patrol helicopters of the Japan Maritime Self-Defense Force (2024-04-30Unlicensed Hastings driver toppled motorcyclist, drove over him, causing fatal injuries, then fled
By Ric Stevens, Open Justice reporter of2024-04-30Parents 'frustrated' by not knowing how students compare to others nationally
Photo: RNZ / Richard Tindiller2024-04-30Singapore minister Iswaran charged in rare corruption case
By Kelly Ng and Tessa Wong for BBC NewsFormer top politician S Iswaran, left, leaves the State Court2024-04-30Program to boost cultural exchanges between China and France
In celebration of the 60th anniversary of China-France diplomatic ties, a project aimed at fostering2024-04-30Homes catch fire as lava spills onto town in Iceland
Lava explosions and billowing smoke are seen near residential buildings in the southwestern Icelandi2024-04-30
atest comment