Tesla stock surged after Elon Musk’s trip to China.
Elon Musk’s visit to China apparently had immediate results. According to an agreement with the internet search company Baidu, Tesla will use the mapping data of this company for its assistive technology in the world’s largest automotive market.
Elon Musk made an unplanned trip to China over the weekend. The American billionaire posted a picture of his meeting with Chinese Premier Li Keqiang on Twitter.
According to Bloomberg sources, Baidu, which has expertise in internet search in China, is helping Tesla launch its assistive technology, Full Self-Driving (FSD), by providing maps and routing. Mapping services, vital for assistive technologies, are heavily controlled by the Chinese government.
However, FSD does not provide full autonomous driving and still requires drivers to keep their hands on the wheel and be ready to control the vehicle at any moment. Nevertheless, launching this technology in China can help Tesla in the fierce competition for market share in the country and bring in more revenue.
