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EV maker, Tesla, saw a decline in its stock price in 2024 so far. This was attributed to competition from China's EV makers moving ahead in the market as well as a decline in sales.
In a turn of events, Elon Musk visited China and won approvals to kickstart Tesla's self-driving car technology in the country. Additionally, the company promised cheaper car models while investing billions in AI to expand its self-driving feature. In addition, Musk also partnered with China's Baidu, on a mapping deal.