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:2024-05-21 16:34:58 source:Stellar Station 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
  • OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
  • Sweltering heat across Asia was 45 times more likely because of climate change, study finds
  • Chinese sci
  • Nola fires 4
  • What a blast to work at NASA. Space agency is sky
  • Special bonds aim to promote demand, growth
  • Former NFL coach Jon Gruden loses Nevada high court ruling in NFL emails lawsuit
  • Aggravated murder charge filed against truck driver accused of killing Utah police officer
Recommended content
  • What a blast to work at NASA. Space agency is sky
  • Texas university leaders say hundreds of positions, programs cut to comply with DEI ban
  • Missouri doomsday BUNKER complete with its own 80ft antenna tower hits the market for $300,000
  • Anya Taylor
  • Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
  • Cubs add bullpen depth by acquiring right