Will Tesla benefit from relaxed regulations on self-driving cars? Maybe not.
Members of Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities, according to people familiar with the matter.
Trump may relax regulations on self-driving cars and cut through the red tape. Many mainstream media and bullish Tesla analysts have said that this would benefit Tesla.
Tesla stock rose 7.5% in premarket trading. I think it will make a lower high and may not exceed its previous peak of 358.64.
Current federal rules pose significant roadblocks for companies looking to deploy vehicles without steering wheels or foot pedals in large quantities, which Tesla plans to do. The Trump team is looking for policy leaders for the department to develop a framework to regulate self-driving vehicles, according to people familiar with the matter, who asked not to be named because they weren't authorized to speak publicly.
While the Transportation Department, through the National Highway Traffic Safety Administration, can issue rules that would make it easier to run autonomous vehicles, an act of Congress would clear the way for mass adoption of self-driving cars. A bipartisan legislative measure being discussed in early stages would create federal rules around AVs, two of the people said.
One candidate under consideration for Transportation secretary is Emil Michael, a former Uber Technologies Inc. executive who has spoken with Trump's team and potential staffers, they said. The work is in its early stages and policy details have yet to be determined, they said.
Republican Representatives Sam Graves of Missouri and Garret Graves of Louisiana have also been considered to lead the department, the people said.
Musk in Oct announced plans to mass produce driverless Tesla robotaxis that lack driver controls starting in 2027. Current US regulations pose significant hurdles to Musks plans for the so-called Cybercab, including a cap limiting their deployment.
He supported federal rules for autonomy on Tesla's third-quarter earnings call, saying he'd use any role with the government to push for a process to allow autonomous vehicles to be used nationwide. The pronouncement prompted a selloff of shares of Uber and rival Lyft.
Trump has since named Musk and entrepreneur Vivek Ramaswamy to lead a new Department of Government Efficiency initiative to "dismantle government bureaucracy" and slash spending and regulations deemed overly burdensome.
Past efforts to come up with federal legislation to regulate autonomous vehicles have stumbled.
NHTSA currently permits manufacturers to deploy 2,500 self-driving vehicles per year under a granted exemption, but legislative efforts to increase that number to as many as 100,000 have repeatedly failed.
A bill to do that sailed through the House several years ago during Trump's first term, but the measure has been bogged down in the Senate. An attempt during the first year of the Biden administration to merge the bill with other legislation faltered when some manufacturers tried to include language that would prevent consumers from suing or forming class-action cases.
Will relaxed regulations on robotaxis benefit Tesla?
Tesla has never released any data on FSD. Data from independent tester AMCI and crowdsourced data showed that Tesla EVs travel 13 miles between human interventions to prevent the vehicles from accidents. This is a very low number and is dangerous. Waymo robotaxis can travel about 1,000x further. This is the safety standard. Even if Tesla's miles improve by 10x, it still can't meet the safety standard.
Several camera-only Tesla EVs were also involved crashes in reduced visibility conditions and crashes into parked emergency vehicles. Tesla may take several years to solve these problems or drastically reduce them.
So even with relaxed regulations, Tesla may not get approval for robotaxi licence as its EVs don't meet safety standards. These safety standards must be stringent as passengers' safety are of paramount importance, especially with the Cybercab having no steering wheel or pedal. The standards are not meant as a hindrance, but are for safety reasons.
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迷茫小散 : You are rational, but it's useless, meme stocks, what principles are you talking about?
TechWhiz : haha, they always be detractors but they smart money will be right in the longer term.
buy
bullrider_21 OP 迷茫小散 : Yes, meme stock. It may surge, but then fall back.
bullrider_21 OP TechWhiz : Longer term. When? Many years later?
Trade Wisely : Waymo, Zoox and Cruise etc. will benefit much more from a streamlined federal approval process for autonomous vehicles, simply because they have done more testing miles than Tesla, and have even obtained approvals in states with demanding regulations. In other words, these other companies are at a stage where they are more "ready" to obtain federal approval when it becomes reality (which in itself is still in the future). Whereas Tesla has not submitted any testing logs nor applied for autonomous vehicles licences. By all accounts, Tesla's FSD seems to be a charismatic man's pipe dream at the moment, and still very far away from being ready. It's not about how personally close Musk is to Trump, it's about the road safety of all Americans. I don't think anyone wants to walk on the roads of America constantly being in fear of being in an accident caused by an autonomous vehicle, due to inadequate regulations.
bullrider_21 OP Trade Wisely : Well said! Tesla has not even applied for a permit to test its robotaxis. That will take at least six months. With another 6 months of testing, its robotaxis may not be on the roads next year. Tesla has zero miles of testing without a driver. Its 2 billions miles are supervised and are useless for robotaxis.
Lnova : “relax regulations on self-driving cars” the phrase is scary
bullrider_21 OP Lnova : Musk wants lax regulations so that he can get the robotaxi licence. But this shouldn't be at the expense of safety. With current regulations, Tesla don't meet the safety standards.
102806935 : Keep asking up or down. Why don't ask how many being trap......
Lnova bullrider_21 OP :
humans lives and keeping them safe is what is most important
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