Tesla stock soars on China deal rumors ...News

Elon Musk has joined up with Chinese internet giant Baidu to develop autonomous driving technology, according to media reports Shares in Tesla have surged following reports that CEO Elon Musk has agreed to partner with Chinese tech giant Baidu for mapping and navigation features to support autonomous driving technology in the world’s biggest auto market. Shares rose nearly 14% in premarket US trading, while Baidu jumped by more than 5.5% in Hong Kong. Baidu, China’s main internet search company, has agreed to provide the US electric vehicle (EV) maker with access to its mapping license for data collection on China

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