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Tesla jumps 8% in premarket trade after passing key hurdle to roll out full self-driving in China [MSNBC.com]
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SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on Dec. 1, 2020 in Berlin, Germany.Britta Pedersen | Getty ImagesThe company's share price was up 7.59% as of 6:02 a.m. ET, as investors reacted to news surrounding Tesla CEO Elon Musk's visit to China.Tesla on Sunday said that local Chinese authorities removed restrictions on its cars after passing the country's data security requirements. The move raised expectations that Tesla's driver-assistance software Full Self Driving would soon be available in the country, which is the largest market for electric vehicles.While Tesla's electric cars are some of themost popular vehicles in Chinareportedly been banned from some government-related propertiesSeparately, the Biden administration earlier this yearannounced a probe into whether imported cars from China pose national security risks Data security concerns have been a key obstacle preventing Tesla from achieving a full rollout of the system
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