Musk leaves China with Tesla driving software hurdles cleared [BNN Bloomberg (Canada)]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: BNN Bloomberg
The U.S. carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren't clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues. Tesla shares rose as much as 9.9 per cent in premarket U.S. trading, while Baidu jumped 2.4 per cent in Hong Kong. Tesla didn't immediately respond to requests for comment on the status of its attempt to secure regulatory approval. The developments came 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 company's suite of features require constant supervision and don't make Teslas autonomous, the company charges US$8,000 f
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- 5/16/24 - Form DEFA14A
- 5/13/24 - Form DEFA14A
- 5/13/24 - Form PX14A6G
- TSLA's page on the SEC website