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Tesla stock rises after CEO Musk scores key deals with China on weekend trip to Beijing [CBS News]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Shares of Tesla jumped $25.66, or 15%, to $193.95 in afternoon trading after touching an intraday high of $198.87. Musk's visit to China comes just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on "win-win" cooperation, citing Tesla's operations in China as a successful example of economic cooperation, China's state broadcaster CCTV said on its main evening news program. Officials told Tesla that Beijing is giving a tentative greenlight for the automaker to roll out its "full self-driving" software in China, according to the Wall Street Journal. The much-needed stock boost comes as the automaker struggles with decelerating domestic EV sales and mounting competition. For China, Musk is a welcome antidote to the tough talk from U.S. officials, which played out most recently during a visit by Secretary of State Antony Blinken. Li's remarks
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