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:
Related suggestion:
South Carolina Senate wants accelerated income tax cut while House looks at property tax rebateIt really IS harder to say no to cake when you're fat, finds study of obese volunteers' brainsAlabama lawmakers OK bill blocking state incentives to companies that voluntarily recognize unionsTennessee passes bill to allow armed teachers in public schoolsRow as Rishi Sunak lines up exSix winners of the Mail's Inspirational Women Awards are honoured in glittering ceremony in LondonYobs armed with catapults terrorise a quiet Surrey villageSuspect in breakVideo: Alligator on runway at Florida Air Force base capturedBrits are told to 'go home' as anti
2.0261s , 6501.796875 kb
Copyright © 2024 Powered by Tesla's stock leaps on reports of Chinese approval of driving software ,Global Glossary news portal