Tesla’s shares surged on Monday 29th April 2024, marking their best performance since March 2021, following the company’s achievement in advancing its driver-assistance technology in China.
The stock closed 15% higher, buoyed by investor enthusiasm over Tesla CEO Elon Musk’s visit to China.
On Sunday 28th April 2024, Tesla announced that Chinese authorities had lifted restrictions on its vehicles after they met the nation’s data security standards.
This development has heightened anticipation for the imminent availability of Tesla’s Full Self-Driving (FSD) software in China, the world’s biggest market for electric vehicles.
Tesla share price closed at 194.05 after enjoying a 15% climb
