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Tesla jumps 13% after passing key hurdle to roll out advanced driver-assistance tech in China

Posted on AllSides April 29th, 2024
From The Center

Shares of Tesla rose sharply on Monday morning after the electric carmaker passed a significant milestone to roll out its advanced driver-assistance technology in China.

The company’s share price spiked more than 13% as investors reacted to news surrounding Tesla CEO Elon Musk’s visit to China.

Tesla on Sunday said local Chinese authorities removed restrictions on its cars after passing the country’s data security requirements.

The move raised expectations that Tesla’s driver-assistance software Full Self-Driving, or FSD, would soon be available in the country, which is the largest market for electric vehicles.


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