Investing.com – Tesla (NASDAQ:) shares jumped on Wall Street after Elon Musk closed a deal in China.
At 4pm the stock gained 11% on the previous closing price of 168.29 dollars per share.
In his lightning visit to Asia, the automaker’s boss got the green light from Beijing regarding compliance with Chinese data regulations, with Tesla models now officially meeting the requirements established in this sector by the government of the People’s Republic. The authorization therefore allows Tesla to bring its autonomous driving software to China, thus conquering the largest car market in the world.
To achieve this, according to what has been reported by various sources informed about the facts, Elon Musk has entered into an agreement with the technological giant Baidu which will allow him to exploit the mapping and navigation functions in the country and spread his Full-Self Driving system.
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