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 11:10:12 source:Planet Perspectives 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
  • Siblings trying to make US water polo teams for Paris Olympics
  • Westfield Bondi Junction incident live updates: Heartbreak as mother of nine
  • Infographic: What is Davos
  • Samuel Ersson blanks Devils to keep Flyers' slim playoff hopes alive in 1
  • OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
  • 3 cops die in road mishap amid dense fog in north India
  • Hamas leader arrives in Cairo to hold talks on Gaza truce
  • Mexico's president accuses U.S. of stirring mudslinging in media
Recommended content
  • Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
  • Death toll from Israeli attacks surpasses 30,000 in Gaza, humanitarian crisis worsening
  • Russia repeatedly sought peaceful solution to problems in Ukraine: Putin
  • Over 800 officials from U.S., Britain, Europe unite to protest Israel policies
  • Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
  • Arab states condemn U.S. for vetoing UNSC resolution on Gaza ceasefire