Tesla Stock Jumps 5% on Report of Federal Self-Driving Car Regulations Under Trump

Tesla’s stock rose by more than 5% on Monday following reports that President-elect Donald Trump’s transition team is planning to introduce federal regulations for autonomous vehicles. The move comes just days after Trump appointed Tesla CEO Elon Musk to a leadership role in his administration’s government efficiency department.

Sources say Trump’s team is looking to establish a national framework for self-driving car policies, which could benefit Tesla as a leader in the autonomous vehicle market. Investors are optimistic that clearer regulations could accelerate the adoption of autonomous vehicles, with Tesla positioned at the forefront of this technological shift.