RE: LeoThread 2024-11-18 12:02
You are viewing a single comment's thread:
Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules
Elon Musk was a central figure in the business world pushing for Trump's return to the White House in the lead-up to this month's elections.
Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department.
As of 6:11 a.m. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter.
0
0
0.000
CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies.
Musk was a central figure in the business world pushing for Trump's return to the White House in the lead-up to this month's elections. The tech billionaire now stands to benefit from the close relationship he has formed with the Republican politician, who previously served a first presidential term between 2017 and 2021.
Last week, Trump picked Musk and former Republican presidential candidate Vivek Ramaswamy to lead the newly minted Department of Government Efficiency — or "DOGE for short — which he said would end government "bureaucracy," relax "excess" regulations and cut "wasteful" expenditures.
A federal framework for regulating self-driving vehicles would be a major boon to Musk's Tesla, which has been promising fully self-driving vehicles for several years but has so far failed to deliver a car capable of being driven autonomously without a human behind the wheel.
Article
Why am I not surprised 🤣🤣🤣 Elon is going to celebrate with this and I see more regulations that'll favor Tesla's vision in America and world coming in the future.