Shares in Elon Musk’s Tesla rose 15% on Monday after the electric car maker reached a key milestone in rolling out its advanced driver-assistance technology, Fully Self-Driving (FSD), in China.
For years, Tesla has offered FSD functionality (an “upgrade” to the dangerous Autopilot driver assistance feature) in China, but it was a limited version of the feature.
However, Tesla shares rose on Monday after the company told Chinese authorities on Sunday that it would lift restrictions on its electric vehicles after meeting China’s data security requirements, according to a person familiar with the matter. report From CNBC News.
Tesla’s Elon Musk dancing in China (Bloomberg/YouTube)
The communist regime has reportedly banned some Tesla electric vehicles from certain government facilities in China, citing data security concerns.
Tesla passes China’s data security requirements, allowing the company to legally operate FSD capabilities on Chinese roads, allowing Musk’s vehicles to collect data on traffic, road signs and routes in the communist country It will be possible.
Tesla also reportedly has a deal with Chinese internet company Baidu that will give Musk’s company access to the Chinese internet giant’s mapping and navigation technology.
The deal is also expected to give Tesla access to Baidu’s map services license, a requirement for operating intelligent driving systems on public roads in China, people familiar with the situation told Reuters. Told.
As reported by Breitbart News, Musk’s signing in China comes on the heels of his recent visit to the country.
On Sunday, Musk posted a photo on his social media platform X of himself meeting Chinese Premier Li Qiang, saying he was an old friend.
Despite calling himself a champion of free speech, Musk has criticized his posts for having such a friendly relationship with one of the world’s most authoritarian and censorious regimes. His reaction drew a lot of ridicule. The purpose of his visit to China was straightforward and had nothing to do with freedom of expression. He had hoped Tesla would be the first company to receive formal approval for internet-enabled self-driving capabilities.
In China, there is something known as. China Automobile Industry Association (CAAM) is an amalgamation of government regulators and industry leaders with an automotive advisory and certification role. CAAM has been around for decades, most recently tasked with certifying that internet-connected vehicles comply with China’s data security laws.
Breitbart News will continue to report on Elon Musk and Tesla.
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