Tesla jumps as Trump admin looks to support full self-driving framework
) shares rose more than 7% in premarket trade on Monday following reports from Bloomberg that the incoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.
"This would be a huge step forward in easing US rules for self driving cars and be a significant tailwind for Tesla's autonomous and AI vision heading into 2025," Wedbush analysts led by Daniel Ives said in a note dated Sunday. Telsa recently announced plans to launch a Robotaxi service in 2026. Current regulations could limit the potential service. However, Musk’s influence in the new Trump administration could lay the groundwork for mass deployment and success of the new Tesla service.
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