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Tesla's stock leaps on reports of Chinese approval for the company's driving software [Financial Post (Toronto, Ontario, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
NEW YORK (AP) — Shares of Tesla stock rallied Monday after the electric vehicle maker's CEO, Elon Musk, paid a surprise visit to Beijing over the weekend and reportedly won tentative approval for its driving software. Musk met with a senior government official in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show. Article content According to The Wall Street Journal, which cited anonymous sources familiar with the matter, Chinese officials told Tesla that Beijing has tentatively approved the automaker's plan to launch its “Full Self-Driving,” or FSD, software feature in the country. Article content Although it's called FSD, the software still requires human supervision. On Friday the U.S. government's auto safety agency said it is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road. Tesla has reported 20 mor
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