Tesla CEO Elon Musk made progress in promoting the FSD (Full Self-Driving) system in China during his lightning-fast visit to Beijing, leading to a surge in the company's stock price by over 16% on April 29th and a staggering $90 billion increase in market value. Ultimately, Tesla's stock closed with a 15.3% surge, ending at $194.05 per share.
Rumors of Tesla's FSD Approval in China
On April 29th, The Wall Street Journal reported, citing sources familiar with the matter, that Chinese officials informed Tesla that the Chinese government has preliminarily approved Tesla's plan to launch FSD in China.
Collaboration Between Tesla and Baidu
Sources revealed that Tesla is set to collaborate with Chinese tech giant Baidu, deploying its FSD system on top of Baidu's lane-level navigation and maps.
