BREAKING: Tesla stock, $TSLA, surges 11% as China removes restrictions on its vehicles after passing data security requirements.
The move has made it far more likely that Tesla’s Full Self Driving (FSD) will soon be available in China.$TSLA is now up nearly 40% since its low… pic.twitter.com/JSSVH2yK0s
— The Kobeissi Letter (@KobeissiLetter) April 29, 2024
JUST IN – ELON MUSK’S TESLA STRIKES DEAL WITH CHINA’S BAIDU FOR DRIVER ASSISTANCE – FT
— Insider Paper (@TheInsiderPaper) April 29, 2024
Baidu, the Internet search giant in China, has struck a deal with Elon Musk-owned electric vehicle (EV) maker Tesla, granting the car manufacturer access to its mapping license for gathering data on public roads in China, according to two individuals familiar with the situation, news agency Reuters reported on Monday. This agreement marks the resolution of a regulatory obstacle for Tesla’s driver assistance system, referred to as Full Self Driving (FSD), to be introduced in China, as per the sources.
Additionally, under the terms of the agreement, Baidu will supply its lane-level navigation system to Tesla. Baidu is among the approximately 20 certified suppliers possessing the essential module for self-driving capabilities.
https://news.abplive.com/technology/elon-musk-tesla-deal-baidu-search-giant-full-self-driving-china-postponing-india-trip-1683634
https://www.ft.com/content/48256825-549f-4de2-8f5a-99e557567fd1
JUST IN – Tesla stock up more than 9% in pre-market pic.twitter.com/f461iDZJIh
— Insider Paper (@TheInsiderPaper) April 29, 2024