Update: Tesla's Shares Rise After Reported Deal With Baidu to Allow Self-Driving Mode in China...
Continue ReadingTesla jumped after reportedly winning tentative approval to introduce Full Self-Driving (FSD) in China after Elon Musk made a surprise visit Sunday...
Continue ReadingElon Musk needs China's support in order to fulfil his longer-term AI and autonomous-driving ambitions...
Continue ReadingFor Full Self-Driving capability in China, sources say...
Continue ReadingU.S. stock index futures edged higher on Monday as Tesla and Apple led gains in megacap companies, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week. Tesla shares jumped 9.3% premarket after the electric vehicle maker cleared some key regulatory hurdles that had long hindered it from rolling out its self-driving software in China, the U.S. automaker's second-largest market...
Continue ReadingChina tentatively approves Tesla’s plan to launch ‘Full Self-Driving’ software in the country, Alphabet shares fall after the parent company of Google closed Friday with a market cap of more than $2 trillion, and SoFi reports its second straight quarter of profitability...
Continue ReadingHertz faces challenges as it sells EVs at a loss, contends with high depreciation rates. Check out my thoughts on HTZ stock...
Continue Reading(Bloomberg) -- Tesla Inc. is set to clear a key hurdle to introduce its advanced assisted driving features in China by partnering with Baidu Inc. in mapping and navigation functions, people familiar with the matter said.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $27...
Continue ReadingThe chairman of Chinese battery giant CATL Robin Zeng visited Elon Musk's hotel in Beijing on Monday, a day after the Tesla CEO's surprise arrival on a trip expected to involve talks on the rollout of self-driving software. Musk arrived in the Chinese capital on Sunday where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer driving data overseas, according to a person with knowledge of the matter. On Monday morning, CATL Chairman Zeng was seen exiting an elevator in the lobby of Musk's hotel, where he was greeted by two top Tesla China executives, Tom Zhu and Grace Tao, a Reuters witness said...
Continue ReadingThe chairman of Chinese battery giant CATL Robin Zeng visited Elon Musk's hotel in Beijing on Monday, a day after the Tesla CEO's surprise arrival on a trip expected to involve talks on the rollout of self-driving software. Musk arrived in the Chinese capital on Sunday where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer driving data overseas, according to a person with knowledge of the matter. On Monday morning, CATL Chairman Zeng was seen exiting an elevator in the lobby of Musk's hotel, where he was greeted by two top Tesla China executives, Tom Zhu and Grace Tao, a Reuters witness said...
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