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What does Elon Musk’s China trip mean for Tesla?

EV maker’s chief executive held talks with premier Li Qiang and secured key approval for data use

Elon Musk appears to be on the cusp of deploying Tesla’s “full self-driving” system in the world’s biggest car market.

Musk flew out of Beijing on Monday after meeting China’s premier, Li Qiang, on Sunday and sealing a deal with Chinese tech giant Baidu to use the group’s mapping and navigation systems. Hours earlier, a Chinese industry group said Tesla’s EVs were among more than 70 cars that had been successfully tested for data security compliance.

Taken together, Musk appears to have smoothed the path for the US company’s semi-autonomous driving technology to be rolled out in China. Tesla’s share price closed 15.3 per cent higher on Monday at $194.05 on reports of the Baidu deal but remains at half of its 2022 peak.

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