Elon Musk Visited China for a Day and Secured a Major Deal with an Old Friend

Elon Musk was in China for less than 24 hours, he revealed in an X post yesterday (April 28). The Tesla CEO met with Chinese Premier Li Qiang and appeared to have swiftly won the Chinese top official’s backing for Tesla’s FSD (short for “full-self driving”) software to be rolled out in the country. The surprise trip is seen as a desperate move to tap new revenue streams and restore investor confidence as Tesla’s electric vehicle sales continue to slow.

Currently, a less advanced version of Tesla’s driver-assistance program...