Tesla stock jumps as Beijing backs self-driving tech

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Tesla Inc. (TSLA) shares are trading higher on Monday, boosted by the news surrounding CEO Elon Musk’s unannounced trip to China on Sunday. According to a Bloomberg report, Beijing has tentatively approved the launch of Tesla’s “Full Self-Driving” or FSD vehicle software in the Chinese market.

Yahoo Finance’s Akiko Fujita breaks down the details, providing insight into what China’s backing could mean for the automaker’s revenue prospects.

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Editor’s note: This article was written by Angel Smith

This article was originally published by a finance.yahoo.com

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