Tesla's Full Self Driving Technology in China
Tesla's stock surged 15% after reaching a key milestone to roll out its Full Self Driving technology in China, following the removal of restrictions due to data security requirements. The company also landed a deal with Chinese internet company Baidu for mapping and navigation technology.
Key Points
- Tesla passed China's data security requirements
- Deal with Baidu for mapping and navigation technology
- Elon Musk meeting with Chinese Premier Li Qiang
Pros
- Tesla's stock rose 15% after reaching a key milestone in China
- Removal of restrictions on FSD feature in China
- Deal with Baidu for mapping and navigation technology
Cons
- Criticism of Musk's relationship with authoritarian regimes