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Tesla Stock Surges as Musk's Surprise China Visit Pays Off

From investopedia.com

Tesla (TSLA) shares soared 15% Monday following reports that CEO Elon Musk's weekend trip to China brought a number of wins for the electric vehicle maker. Tesla reportedly cleared key data privacy hurdles and won tentative approval to deploy Tesla's Full Self-Driving (FSD) system in China, Tesla's second-largest market behind the U.S. 1 The software is a source of revenue for Tesla in the U.S., with many users paying a monthly fee for it, and expanding it to China could boost the company's revenue and profit margins, which have taken hits in recent quarters. "Musk winning FSD approval in the key China market is a ... (full story)

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