Trump's team plans to relax US rules on autonomous cars to boost Tesla: report
Bloomberg reported on Sunday that President-elect Donald Trump's transition team told advisors that they intend to make a federal framework for fully autonomous vehicles one of the Department of Transportation's priorities, citing people familiar with the issue.
The new rules are Tesla (NASDAQ:TSLAIt is expected to benefit Elon Musk, the chief executive of). Elon Musk is arguably the most prominent Trump supporter, spending over 0.1 billion 30 million dollars on the campaign.
Musk also aims to reduce excessive regulations, dismantle bureaucracy, and reorganize several federal agencies.New Ministry of Government EfficiencyをLeadI was nominated as such.
After Musk abandoned plans to build an affordable EV under $30,000, Tesla (TSLA) has shifted its focus to autonomous driving technology.
Last month, the richest man in the world was the typicalLay out the robot taxi caseThen, a two-seater cybercab prototype without a steering wheel or pedals was announced. Current federal rules present a serious challenge for companies looking to release large numbers of vehicles without steering wheels or foot pedals.
According to the report, the Trump team is looking for Department of Transportation policy leaders to create a regulatory framework for autonomous vehicles.
Also, the report added that discussions are taking place in the early stages of Congress on bipartisan measures to create federal rules on autonomous vehicles.
Currently, the National Highway Traffic Safety Administration allows automakers to deploy 2,500 autonomous vehicles per year under authorized exemptions. Legislative attempts to increase that number to 100,000 people have previously ended in failure.
One candidate for Secretary of Transportation is Uber (UBERHe is a former executive of)It is reported that. A Trump donor who knows Elon Musk socially, Michael served as Vice President of Business for Ride Hailing Giant from 2013 to 2017.
Trump's transition team did not immediately respond to Seeking Alpha's request for comment.
Dear readers: We recognize that politics often intersects with the financial news of the day. Therefore,Click here to join another political debate.
The new rules are Tesla (NASDAQ:TSLAIt is expected to benefit Elon Musk, the chief executive of). Elon Musk is arguably the most prominent Trump supporter, spending over 0.1 billion 30 million dollars on the campaign.
Musk also aims to reduce excessive regulations, dismantle bureaucracy, and reorganize several federal agencies.New Ministry of Government EfficiencyをLeadI was nominated as such.
After Musk abandoned plans to build an affordable EV under $30,000, Tesla (TSLA) has shifted its focus to autonomous driving technology.
Last month, the richest man in the world was the typicalLay out the robot taxi caseThen, a two-seater cybercab prototype without a steering wheel or pedals was announced. Current federal rules present a serious challenge for companies looking to release large numbers of vehicles without steering wheels or foot pedals.
According to the report, the Trump team is looking for Department of Transportation policy leaders to create a regulatory framework for autonomous vehicles.
Also, the report added that discussions are taking place in the early stages of Congress on bipartisan measures to create federal rules on autonomous vehicles.
Currently, the National Highway Traffic Safety Administration allows automakers to deploy 2,500 autonomous vehicles per year under authorized exemptions. Legislative attempts to increase that number to 100,000 people have previously ended in failure.
One candidate for Secretary of Transportation is Uber (UBERHe is a former executive of)It is reported that. A Trump donor who knows Elon Musk socially, Michael served as Vice President of Business for Ride Hailing Giant from 2013 to 2017.
Trump's transition team did not immediately respond to Seeking Alpha's request for comment.
Dear readers: We recognize that politics often intersects with the financial news of the day. Therefore,Click here to join another political debate.
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