Tesla signs mapping deal with Baidu in China

Tesla has secured a mapping and data services agreement with Baidu, enhancing its position in China's automotive market. This deal, which coincided with CEO Elon Musk's recent visit to China, facilitates the rollout of Tesla's semi-autonomous driving technology in the region. The partnership has also positively impacted Tesla's share price, amidst increasing competition from local manufacturers like BYD Auto.