A report that President-elect Donald Trump plans to create a federal framework for fully self-driving vehicles has sent shares up in premarket movements today.
Tesla’s stocks have risen 8% today after gaining almost 30% this year, 28% of which was following the election. Uber and Lyft shares both dropped 2% in premarket trading today.
President-elect Donald Trump’s transition team has told advisers of the plan, which, if it goes ahead, will greatly benefit Tesla and Elon Musk.
Tesla is behind the creation of “the robotaxi,” a vehicle that will be able to drive itself without human supervision. Federal regulations pose major barriers for companies trying to deploy vehicles without steering wheels or pedals, a goal Tesla is pursuing. The Trump administration is actively seeking policy leaders to create a regulatory framework for self-driving vehicles.
In October, Musk announced Tesla’s plans to produce the robotaxis from 2026.
By CEO NA Editorial Staff
