Tesla suspended the trial of its smart driving-assistance feature in China until regulatory approvals are finalized, Reuters reported Monday, citing the company's post on social media platform Weibo.
The US-based electric vehicle company said it is advancing relevant processes for the approvals, following complaints that the free trial of the Full Self-Driving service was on hold, the report said.
The company previously planned to launch the limited-time free trials from March 17 to April 16 and is collaborating with tech giant Baidu (HKG:9888) for the system's better performance, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.