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Shares of Elon Musk’s Tesla went up 15 percent on Monday after the electric carmaker reached a key milestone to roll out its advanced driver-assistance technology Full Self Driving in China.
But Tesla’s stock rose on Monday after the company told Chinese authorities on Sunday that it would remove the restrictions on its electric cars after passing China’s data security requirements, according to aElon Musk of Tesla dancing in China Now that Tesla passed China’s data security requirements, the company will be able to legally operate its FSD feature on Chinese roads, meaning Musk’s vehicles will be able to gather data about traffic, road signs, and routes in the communist country.
The deal is also expected to let Tesla access Baidu’s mapping service license, which is a requirement for intelligence driving systems to operate on public roads in China, sources familiar with the situation
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