Tesla Shares Surge Amid Reports of Trump Easing Self-Driving Regulations

Tesla's stock surged in premarket trading following reports that President-elect Donald Trump's transition team plans to establish a federal framework for fully self-driving vehicles. This development is seen as beneficial for Tesla, as CEO Elon Musk has prioritized the production of robotaxis, which face current regulatory challenges. Analysts from Wedbush view the potential framework as a positive move for Tesla, estimating significant opportunities in autonomous vehicles and AI. Tesla shares have risen 6.4% in pre-market trading, contributing to a nearly 30% increase this year.