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

Elon Musk’s quick 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.
Tesla shares soared as much as 12% shortly after the start of US trading, while Baidu jumped 2.4% in Hong Kong. Tesla didn’t respond to requests for comment on the status of its attempt to secure regulatory approval.
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[@dougwulf6684]

More FUD from Bloomberg and the guests they chose to interview. So sad. I drive FSD everyday and it is fantastic. This guy doesn't have the facts.

[@DumpTheDollar]

Elon Musk skipped Indian mirage and went to China for the real deal. 1.4 billion Indians got very upset 😂

[@Ash17588]

People in china are not buying Tesla they are buying byd

[@TheMagicJIZZ]

​@@Ash17588yes they are buying Tesla they have a local factory

[@mylimomelbourne4757]

The haters aren’t going to hate it when they realise FSD can picup-drop off at the airport and you won’t have to pay that expensive long term parking including CBD , saving tens of thousands, no 100’s thousands $ think it’s impossible ? Think again , maybe they can turn those CBD multi story car parks into combustion classic car museum’s

[@the0ne809]

China will wait a long time for those "autonomous" vehicles. Just like with Tesla semis, and robot taxis lmaoo

[@allah_phaad_de_rasul_ki_gaand]

See your father having fun in my pic 🤪🤪

[@bakhteria]

the only car company making money in EV and u call it a meme company? wow dude!

[@cosmos5866]

And that company is getting ASS kicked by other EV brands in CN.

[@bytemuncher1]

So many people are butt hurt by Elon and it absolutely burns them when he and his companies succeed. Imagine how they feel seeing SpaceX kick NASA's ass lol

[@bakhteria]

@@cosmos5866 ahm... and how do u think they did that? they allowed tesla in so that their under trained employees could clear, their local parts manufacturer could learn how to make parts and then they created heavy subsidies with no need for RnD when u have the products schematics stolen, how hard is it to copy a tesla fro cheaper. Lol

[@cosmos5866]

@@bakhteria Hopefully, there is something TSLA can copy from the leading Chinese EV brands before TSLA sinks.

[@bakhteria]

@@cosmos5866 LOL. Sure whatever u want ur delusions to take u.

[@ibnbattuta1304]

Elon knows Murica is collapsing. 😂

[@RealEstateToolKit]

Self Drive....needs another 10 years of perfection.

[@RobTSLA]

Way to go Elon!

[@davidpells4298]

Thank goodness we have the same controls over human drivers 😁 Irony is that humans who are opposing self driving are the worst drivers

[@jamiluvvi6736]

Bloomberg gives incredible negative reviews of Tesla. Totally biased and unfair baloney.

[@mervstash3692]

You should read the room buddy. It's pretty obvious at this point things are not going well.

[@mervstash3692]

Stock sores. Then next day crashes again. Cool story bro.

[@mylimomelbourne4757]

The haters aren’t going to hate it when they realise FSD can picup-drop off at the airport and you won’t have to pay that expensive long term parking including CBD , saving tens of thousands, no 100’s thousands $ think it’s impossible ? Think again , maybe they can turn those CBD multi story car parks into combustion classic car museum’s

[@AudiTTQuattro2003]

Dream on, that is 10 years away or more.

[@mylimomelbourne4757]

Sorry sorry sorry, I sincerely hope you didn’t short Tesla

[@mervstash3692]

It's been coming next year for a decade. Don't be so dim

[@vasthefox]

Is Craig Trudell being filmed with the wall mounted security camera? Can't they afford a web cam? Why is he so unkempt? Why is his office a mess? Not a good look!

[@brucesillince2202]

Doomberg has always driven it’s own Tesla FUD narrative.

[@user-xr6zm8cx6r]

India has hig potential but the only thing i Think indian Roads mostly not ftr for self driving system

[@fengying-haoyunllianlian]

It is very difficult to make money in India. The Indian tax bureau constantly causes trouble for foreign companies. It is foolish to invest in India.。

[@BrockfromBoston]

Musk man!

[@happymelon7129]

The power of China. 2024-4-29 Tesla’s market value soared by 680 billion overnight. Elon Musk visited China for 24 hours and became the world’s richest man again.

[@TrungLuu-World]

Let’s it be clear: with 30% reduction of FSD price in the US, how much more revenue does TSLA get? Now, moving to China which has very different driving characteristics than consumers in the U.S, how much a revenue stream is expected from China market? One could see if stock rebound is short-lived??

[@TheMagicJIZZ]

I don't care if FSD is free in China and they use to train the model and charge Americans😊

[@MultiYlin]

If the car can be sort of self-drive in China, it will self-drive in the US.

[@damham5689]

Most times Tesla stock bumps are short lived. Its entire history is built on pumps and dumps.

[@davidsc4680]

​@@damham5689Yeah, it's been up as much as it has been down. It's only 15000% up since IPO and 1000% in the last 5 years. You're spot on my friend. Keep it up!😂

[@joeyyy771]

Time to get rid of Tesla

[@Flyinghigh3597]

If Elon Musk visit India, the Telsa stock will falls.

[@AudiTTQuattro2003]

All Elon has to do is outrun the decline in their current stale product line before running out of dev money getting AI and the robot profitable. Simple really...I mean, how often is Elon wrong about product development and timelines?

[@mervstash3692]

🤣

[@alteclansing2638]

Tesla will go $300 in weeks.

[@mervstash3692]

care to explain how?

[@joeyyy771]

Elon is desperate

[@Emc2Eggs]

Worse than Kissinger and Snowden combined?

[@frankxu2490]

Communist Musk ???