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Baidu Tesla Deal: The deal clears a final regulatory hurdle for Tesla's driver assistance system, which Tesla calls Full Self Driving (FSD) to be offered in China, the sources said.
HONG KONG -- Tesla is moving closer to introducing its self-driving system in China, the U.S. automaker's biggest overseas market, following founder E
Plus investigation into Mercedes diesel emissions comes to an end and the United Auto Workers union avoids strike action at Daimler.
Prior to Monday's share price jump, Tesla shares had lost about a third of their value this year as concerns have grown about its growth trajectory. Key questions remain, however, on whether Tesla can secure government approvals to transfer data overseas that could prove pivotal in its development of autonomous vehicles.
The Tesla CEO's net worth got a $10 billion shot in the arm thanks to stock surge following his visit to China