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Trump Administration to Prioritize Self-Driving Car Regulations, Benefiting Tesla ($TSLA)

Nov 17, 2024, 09:11 PM

The Trump administration is planning to prioritize the development of a federal framework to regulate fully self-driving cars. Members of President-elect Trump's transition team have indicated that easing regulations for autonomous vehicles will be a key priority for the Transportation Department. 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. This initiative is expected to benefit companies like Tesla ($TSLA), whose CEO Elon Musk has made autonomous vehicle deployment a significant goal. The new framework is anticipated to be developed within the first 100 days of the new administration, according to Bloomberg.