Bloomberg Daybreak: Asia Edition
Musk's China Trip Pays Off, Samsung Earnings
Apr 30, 2024
Bloomberg's guests discuss Elon Musk's China trip, Tesla's self-driving approval, Powell's stance on inflation, AI impact on industries, Samsung's earnings, Osage land history, and Samsung's semiconductor business growth and competition.
20:02
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Quick takeaways
- China approves Tesla's self-driving system, signaling endorsement and expanding market presence.
- Samsung's strong earnings driven by semiconductor segment growth and investment in AI chip technologies to compete.
Deep dives
Tesla's FSD Approval in China
Elon Musk receives in principle approval from Chinese government officials for deploying Tesla's driver assistance system in China. The approval includes a mapping and navigation deal with Baidu and clearance on data security and privacy issues. This signifies China's endorsement of Tesla as the first foreign automaker to meet data security standards, paving the way for Tesla to launch its full self-driving program in China.
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