Tesla's Stock Soars on Self-Driving Breakthrough in China

In a significant boost to investor confidence, Tesla Inc. witnessed a remarkable 10% jump in its stock price on Monday, marking its highest intraday rise since November 11, 2024. This surge came on the heels of an announcement from Tesla's Chinese division regarding the regulatory approval and subsequent rollout of its Full Self-Driving (FSD) feature in China.

Market Reaction: By 10:30 am ET, Tesla's shares were trading at $274.14, up by 10.22%, reflecting the market's optimistic response to this development. The approval of FSD in China is seen as a pivotal moment for Tesla, opening up vast opportunities in one of the world's largest automotive markets.