Elon Musk visits China as Tesla seeks self-driving technology rollout
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Tesla CEO Elon Musk arrived in Beijing on an unannounced visit to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas. Musk met with Premier Li Qiang, who praised Tesla's development in China as a successful example of U.S.-China economic and trade cooperation. Tesla has not yet made FSD available in China, its second-largest market, but Musk stated that it may be available to customers in China 'very soon.' Musk is seeking approval to transfer data collected in China abroad to train algorithms for autonomous driving technologies. The surprise visit is seen as a major moment for Tesla, as rival Chinese automakers are rolling out similar software. Musk also met with Ren Hongbin, a government official who heads the China Council for the Promotion of International Trade. Tesla's Model Y and 3 cars were found to be compliant with China's data security requirements. Musk's visit comes after he canceled a planned visit to India due to Tesla obligations. Tesla shares have declined by almost a third since the start of the year.
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