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Tesla Shares Hit $190, Up 12% on China FSD Clearance, Baidu Partnership
Apr 29, 2024, 12:37 PM
Tesla Inc. saw a significant surge in its stock value, with shares increasing over 12% in pre-market trading, following the announcement that Chinese authorities have lifted data security restrictions on the company's vehicles. This regulatory clearance paves the way for the potential rollout of Tesla's Full Self-Driving (FSD) technology in China. The company's stock price reached $190 per share in pre-market trading, buoyed by news of a potential partnership with Baidu alongside the easing of self-driving restrictions. Tesla's shares were up 10% early in pre-market trading.
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