BEIJING (dpa-AFX) - 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 Automobile Manufacturers has backed Tesla's adherence
to data security regulations, which supports Musk's vision for the company.
Since 2021, Tesla has been storing all data gathered by its Chinese vehicle
fleet in Shanghai to comply with local regulations.

As part of the agreement, Tesla will work with Baidu to integrate mapping and
navigation functions into its FSD service, a prerequisite for autonomous driving
systems to operate on Chinese roads. This collaboration is expected to position
Tesla to compete with local electric vehicle manufacturers offering similar
capabilities. It also addresses data security concerns raised by regulators.

Wedbush Securities reports that the partnership between Tesla and China is
boosting Tesla's operations and indicating potential changes in the wider
technology sector between the U.S. and China. Analysts at Wedbush, led by Daniel
Ives, have noted that 'This is a key moment for Musk as well as Beijing at a
time that Tesla has faced massive domestic EV competition in China along with
softer demand.'

This development is seen as a significant step forward for Tesla in the
competitive Chinese market. With this partnership, Tesla has the opportunity to
expand its presence in China and offer innovative autonomous driving
capabilities to its customers.



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