Tesla posted the biggest gain in the S&P 500 index on Monday's trading on the New York Stock Exchange, following the announcement that its fully autonomous driving (FSD) system had been approved in China.

Just over half an hour after the Wall Street opening, the electric vehicle manufacturer's stock was up almost 12%, having recovered more than 30% in five sessions. It has recovered more than 30% in five sessions.

Beijing today unveiled a list of 76 connected and intelligent vehicle models that meet the country's automotive data security requirements, including Tesla.

These tests - conducted since November 2023 - aimed to determine whether the vehicles evaluated met the compliance requirements set by the country.

These include the anonymization of facial and other information from outside the vehicle, the non-collection of in-vehicle data by default, the processing of in-vehicle data and visible notification of the processing of personal data.

For analysts, this approval comes as a welcome surprise after years of hard work on the part of Elon Musk, who himself travelled to China this weekend to celebrate the event.

Tesla will have to partner with Chinese technology giant Baidu for the mapping and navigation functions, which was clearly a necessary condition for Beijing's approval", points out Dan Ives at Wedbush Securities.

From a professional point of view, this green light in a key market is a turning point in the group's history.

The Wedbush analyst explains that the market sees the emergence of FSD technology as a decisive ingredient in the automaker's emergence from the difficult phase its sector is currently going through, particularly in China.

The broker therefore maintains his 'outperform' opinion on the stock', with a price target of $275.

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