VON_GILOTINE: Najs. Hodne dobre Elon.
The visit and report of the Baidu deal was greeted with excitement by Tesla investors, many of whom are counting on potential autonomous driving abilities to justify Tesla’s position as the world’s most valuable carmaker. Tesla’s share price rose by 6% in trading before the New York markets opened.
Baidu, which dominates web search in China, will provide mapping and navigation functions to help Tesla operate its driver assistance technology, which it calls “full self-driving”, or FSD, according to sources cited by Bloomberg News. Mapping services – crucial to driver assistance technologies – are strictly controlled by China’s government.