Reports that the Trump team may seek to regulate fully autonomous vehicles have caused Tesla’s stock to surge.

Reports that the Trump team may seek to regulate fully autonomous vehicles have caused Tesla’s stock to surge.
Pre-market trading on November 18 saw an 8% increase in Tesla Inc. shares, fueled by rumors that President-elect Donald Trump could prioritize a federal framework for self-driving cars, which might result in widespread adoption of these vehicles.
According to sources familiar with the matter, Bloomberg News previously reported that Trump’s transition team would think about making a full self-drive (FSD) framework a top priority for the Transportation Department. Elon Musk, the billionaire and CEO of Tesla, is anticipated to gain a great deal from the planned regulation if this comes to pass.
According to The Guardian, which cited sources familiar with the matter, Musk’s America PAC (Political Action Committee) has reportedly spent $200 million, with a substantial portion of the cash coming from Elon Musk, to assist in electing Donald Trump for a second term as president.
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Tesla just introduced Cybercab, their first electric car with induction charging and a fully autonomous vehicle without a steering wheel or pedals. Cybercab is a prototype of the Tesla Robotaxi. Cybercab will be priced under $30,000 and is expected to begin manufacturing in 2026.
Google’s parent firm Alphabet, which directed significant investments into its autonomous self-driving startup Waymo, is a direct rival of EV manufacturer Tesla.
Emil Michael, a former Uber CEO and Trump supporter, and three Republican congressmen are being considered by the Trump transition team to lead the US Transportation Department, according to Reuters, which cited sources. According to Michael’s website, he is an investor in Musk’s rocket company, SpaceX.
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After leaving Uber in 2017, Michael launched an investment firm. Michael worked with the Department of Defense as Robert Gates’ special assistant while a White House fellow during the Obama administration.
The National Highway Traffic Safety Administration (NHTSA), which is governed by the Department of Transportation, regulates automakers like Elon Musk’s Tesla. Under an exemption, NHTSA only allows 2,500 self-driving cars annually, and attempts to raise this cap to up to 100,000 have been continuously unsuccessful.