Tesla Moves Closer to 'Self-Driving' Approval

After the deal with China was announced, Tesla's share prices jumped more than 10%

Tesla Shanghai Gigafactory
An aerial view of Tesla Shanghai Gigafactory on March 29, 2021 in Shanghai, China. Elon Musk's company reached a deal that will bring it closer to selling full self-driving cars in China. Xiaolu Chu/Getty Images

Tesla reached an agreement with Chinese tech giant Baidu, which will likely bring Elon Musk's company one step closer to rolling out full self-driving cars in China, it was announced Monday.

Musk made a surprise visit to China, this weekend, to secure a deal that will allow his company to sell their full self-driving cars - already available in the United States - in what is one of the company's largest markets.

While other Tesla vehicles were already available for Chinese drivers, the country's government blocked the distribution of full self-driving cars due to data security and safety concerns.

China's roads are uniquely hard to navigate due to the large number of pedestrians and cyclists. Tesla's agreement with Baidu will enable Musk's company to access the Chinese company's mapping service, Reuters reported.

Tesla's share prices jumped more than 10%, on Monday, when investors learned about the new deal, CNBC reported.

Tags
Tesla, Elon Musk, China
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