Tesla stock rose 7%, with the potential for relaxation of self-driving car regulations by the upcoming US administration.
November 19, 2024, 12:40 AM GMT+9
The stock price of American electric car company Tesla (TSLA.O) rose by about 7% in morning trading on the 18th. Bloomberg reports that the transition team for President-elect Trump is planning to establish federal regulations on self-driving cars, providing a tailwind.
According to reports, the transition team is looking for a transportation policy leader to develop a framework for regulations.
Elon Musk, CEO of Tesla, who will lead government efficiency in the upcoming Trump administration, is expected to benefit.
Last month, Mr. Musk criticized the state-by-state approval process for robo-taxis (self-driving taxis) after unveiling the Cybercab, calling it 'incredibly painful.'
Analyst Kilter Cheviott, Mamta Baleria, stated that with unified federal regulations, the approval process will be streamlined, allowing Tesla to expedite the full self-driving (FSD) testing.
According to reports, the transition team is looking for a transportation policy leader to develop a framework for regulations.
Elon Musk, CEO of Tesla, who will lead government efficiency in the upcoming Trump administration, is expected to benefit.
Last month, Mr. Musk criticized the state-by-state approval process for robo-taxis (self-driving taxis) after unveiling the Cybercab, calling it 'incredibly painful.'
Analyst Kilter Cheviott, Mamta Baleria, stated that with unified federal regulations, the approval process will be streamlined, allowing Tesla to expedite the full self-driving (FSD) testing.
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