Stay informed on the latest developments in the tech world with the Investing News Network’s round-up.
Tesla’s FSD software equips vehicles with autonomous capabilities to navigate intricate urban environments. This includes managing intersections, traffic signals, and pedestrian crossings all without human intervention. The tests in Shanghai will allow Tesla to gather data on how its FSD software performs in a densely populated and heavily congested urban environment.
For Tesla, the Shanghai tests hold strategic importance, as China represents a key market for the company.
Moreover, the Shanghai tests will contribute to the development of regulatory frameworks for self-driving vehicles in China. As autonomous driving technology continues to advance, governments worldwide are working to establish clear regulations and standards to ensure the safety and responsible use of such vehicles. The data collected during the Shanghai tests can provide valuable insights for policymakers and regulators in developing effective regulations.
The Nasdaq Composite Index continued its historic run this week, closing at a new all-time high for five consecutive trading days. After opening at 17,083.45 on Monday, the tech-heavy index ended Friday at 17,688.88, driven by the resilience and performance of its technology stocks. Meanwhile, the S&P 500 also had a stellar week but narrowly missed out on a five-day winning streak, setting all-time highs through Thursday’s close. It closed Friday at 5,431.60, recording a slight drop of 0.04 percent from the prior day.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Leave a Reply