Tesla, Inc. TSLA shares are trading higher Friday, and the stock is up more than 5% over the past five days. Here’s a look at what’s going on.
The Details:
According to a Reuters report, Tesla has switched gears to a plan to develop its self-driving system with data from China that could be processed within the country, rather than exporting the data outside of China.
According to two people familiar with the matter, Tesla is currently developing plans for a data center in China to train the algorithm needed for its Full Self Driving (FSD) system.
Earlier in the week, Tesla received approval from the local council to expand its gigafactory in Berlin, despite protests from environmentalists and locals. However, the company also needs approval from local environmental authorities before it can begin the expansion.
The EV maker plans to double the plant’s capacity for battery production to 100-gigawatt hours and car production to 1…
