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.
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.
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 more crashes involving Autopilot since the recall, according to the National Highway Traffic Safety Administration.
Celebrity birthdays for the week of May 26
Mathew Barzal scores in 2nd OT as Islanders beat Hurricanes 3
Russia vetoes UN Security Council draft resolution on weapons of mass destruction in outer space
Kyle Larson's Indianapolis 500 qualifying attempt could derail NASCAR All
Messi in and Dybala out in Argentina squad for pre
Olympic champion Gabby Douglas competes at the American Classic
Vitality of traditional Chinese culture shines in museum
Nico Williams racially abused by fans as his Athletic loses at Atletico in fight for CL spot
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
Jesse Winker's grand slam sparks Nationals to 11