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Tesla stock surges on 'watershed' 'Full Self-Driving' approval in China
- Tesla stock surged after receiving Chinese approval for deploying 'Full Self-Driving' (FSD) software.
- Chinese officials granted tentative approval during Elon Musk's visit to Beijing.
- Tesla will use Baidu's street-level mapping data to power FSD in China.
- FSD functionality in China boosts Tesla's competitive edge against rivals and helps regain market share.
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