Tesla Gains AI Approval in China, Stock Rises
Tesla's foray into artificial intelligence marked a significant milestone with Chinese regulatory approval for its xBot customer service tool. The voice assistant, now operational in Shanghai, handles queries, media controls, and navigation—a strategic win after clearing data localization and cybersecurity hurdles.
The approval strengthens Tesla's collaboration with local firms like ByteDance, enhancing Chinese-language functionality and voice recognition capabilities. Shares climbed nearly 3% following the announcement, reflecting investor Optimism about Tesla's expansion beyond electric vehicles into AI-driven services.