Elon Musk Visits China & Tesla Stock Soars: Here's Why

Elon Musk’s unexpected visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market.
The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.
Bloomberg's Craig Trudell explains in this conversation with Alix Steel and Paul Sweeney on Bloomberg Radio.
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[paulnam]

Big news! Finally the Tesla shorts are getting wrecked!

[FrankGallagherr]

Tesla is the best car company ever! The most advanced technology! No maintenance, no gas stations, no smog checks, no oil changes, #1 in reliability, #1 in cost of ownership, quiet and 0-60 in 2.9 seconds like a $700, 000 Lamborghini.

[mandelm]

Does Bloomberg know that the product is no longer beta, and the new name is supervised full self driving?

Apparently not. They still say “it is marketed as full self driving although you have to have your hands in the wheel.”

It is supervised full self driving. The name is literal and needs no further commentary.

[eightynine]

You forgot to mention that he will visit his twin brother Yi Long Ma as well!!

[leealex]

So, Tesla has been demoted to a software company in China lol.

[thomasschlund]

<I have about 5% of my portfolio in apple stock, any advice on any other stock that I can grow my $300k capital to a million dollars?.

[lourdessilva]

Incrível es gigante e realmente faz a diferença nesse mundo eterna gratidão amo e aprecio tudo que faz em prol da preservação da raça humana

[QuiLe-qwjb]

TIC or TAC Chinese & Elon Musk are playing? Tesla give up Indian for China? 😅😅😅

[Lorna-qbti]

Inda is a waste of money and time. Business wise

[cwemmow]

TSLA @$194@ close! shorts Ouch, HOT HOT, BURN AAhhhh!

[tigergray]

Tesla stocks went up cuz he laid off his workers

[BenjaminTravelTheWorld]

Has anyone seen the road conditions in China? How could they possibly deploy FSD and not have accidents and thus bad reps?

[Lorna-qbti]

Don't take car business to India 🇮🇳 ....