Tesla gains on report Trump's team planning federal self-driving vehicle regulations
- Tesla shares rose more than 5% on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for autonomous vehicles.
Trump's team is looking for policy leaders for the transport department to develop a federal regulatory framework, the report said, citing people familiar with the matter. "A unified federal regulation could streamline this , allowing Tesla to push forward more rapidly with FSD testing," said Mamta Valechha, analyst at Quilter Cheviot.
The FSD technology, which has been in development for more than four years, is also under a U.S. auto safety body investigation, after four reported collisions involving Tesla vehicles equipped with the software, including a 2023 fatal crash.
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