Tesla Inc’s (NASDAQ: TSLA) cars have been prohibited by the Chinese Military from Military complexes and housing compounds because of fears about confidential data being gathered by cameras instilled into the vehicles. The military has issued an order and asked Tesla to park their cars outside of the military property.
Additionally, the military has also informed the residents of military houses about the prohibition of Tesla’s cars. It is not clear yet whether the prohibition orders are for all military compounds or not. Tesla has not commented on the matter yet.
Shares Tesla Inc (NASDAQ: TSLA) were up 0.23% at $654.45 during the trading session of Friday. Tesla Inc's share price went from a low point around $70.10 to briefly over $900.40 in the past 52 weeks. TSLA market cap has remained high, reaching $626.94 billion at the time of writing.
Furthermore, Amazon-backed electric vehicle startup Rivian disclosed intentions to install more than 13,500 chargers by the end of 2023 across the US and Canada, which is specifically designed for its clients as well for the public. Rivian is the competitor of Tesla Inc and the startup has disclosed that its chargers will be available to the public while Tesla has a network of over 20,000 superchargers, but provides the service only to the owners of its brand such as Model 3, S, X or Model Y.