BEIJING: Tesla CEO Elon Musk made progress towards rolling out the automaker’s advanced driver-assistance package in China on a whirlwind weekend trip to Beijing, sending the company’s shares up by almost 18% on Monday.
Prior to Monday’s share price jump, Tesla shares had lost about a third of their value this year as concerns have grown about its growth trajectory. Key questions remain, however, on whether Tesla can secure government approvals to transfer data overseas that could prove pivotal in its development of autonomous vehicles.
