Tesla Clears Key China Assisted-Driving Hurdle With Baidu Deal [BNN Bloomberg (Canada)]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm
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Source: BNN Bloomberg
The US electric car maker will partner with Chinese tech giant Baidu Inc. for mapping and navigation functions to deploy what it calls Full-Self Driving, according to people familiar with the matter. Tesla has also cleared a key data security and privacy requirement in China, which would help ease some of the concerns over its data security issues. The moves come after Tesla Chief Executive Office Elon Musk made an unannounced trip to China on Sunday, seeking approval for driver-assistance software that could help arrest the carmaker's revenue decline. While the suite of features require constant supervision and don't make Teslas autonomous, the company in the US charges $8,000 to buy FSD outright, or $99 a month for a subscription. Read More: Musk Makes Surprise China Visit in Search of Tesla Revenue Boost Musk met Sunday with Premier Li Qiang, who as the Chinese Communist Party secretary for Shanghai helped the company set up what is now its top plant globally. While Tesla
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BIDU
News
- Baidu Inc.: Q1 Earnings Snapshot [Yahoo! Finance]Yahoo! Finance
- Baidu Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Baidu Announces First Quarter 2024 ResultsPR Newswire
- Baidu (BIDU) to Report Q1 Earnings: What's in the Offing? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Baidu (BIDU) to Report Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
BIDU
Earnings
- 5/16/24 - Beat
BIDU
Sec Filings
- 5/8/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/2/24 - Form 144
- BIDU's page on the SEC website