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Shares of Tesla rose sharply on Monday, their best day since March 2021, after the electric carmaker passed a significant milestone to roll out its advanced driver-assistance technology in China.
Stocks closed higher Monday, lifted by Tesla, while traders geared up for a week dominated by corporate earnings and a Federal Reserve meeting.
Tesla has concluded a series of arrangements with regulators and a Chinese artificial intelligence company during a quick trip to Beijing on Sunday and Monday by Elon Musk, the car maker’s chief executive, potentially clearing the way for the company to offer its most advanced self-driving software on cars in China.
HONG KONG -- Tesla is moving closer to introducing its self-driving system in China, the U.S. automaker's biggest overseas market, following founder Elon Musk's surprise visit to the country.
BEIJING (AP) — Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show.
SHANGHAI/BEIJING (Reuters) -- Tesla CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas, according to a person with knowledge of the matter.
SHANGHAI (Reuters) -- Tesla CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving software and permission to transfer data overseas, according to a person with knowledge of the matter.
Granted, Tesla’s share price has bounced on short covering and the return of perennial optimism after dropping by more than 40% since the beginning of the year.