India, April 29 -- Monday, Tesla, Inc.'s (TSLA) stock saw a significant rise following a noteworthy endorsement of its driver-assist technologies in China. The approval came after CEO Elon Musk made an unexpected trip to Beijing over the weekend.
TSLA is trading on the Nasdaq at $192.64, up 14.47% or $24.35 per share. It has traded between $138.80 and $299.29 in the past 52-week period.
Tesla has agreed to introduce its Full Self-Driving (FSD) software service in China, with the support of local tech giant Baidu's mapping and navigation services. While the financial aspects of the deal have not been disclosed, sources say that China is moving towards approving Tesla's FSD package for use within the country.
The China Association of Autom...