Tesla's stock leaps on reports of Chinese approval of driving software
Time:2024-05-21 19:53:38 Source:travelViews(143)
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.
You may also like
- Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
- Children, three, manipulated into sending predators sexual pictures, report claims
- Why vagina makeovers are booming: The five treatments you NEED to know about if you're over 40
- China restores 6.7 mln ha of land in ecological remediation drive
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- Olé ello ello! Off
- Luxury £1m homes are destroying our coastline
- Headteacher insists 12
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement