Tesla stock pops 8% in premarket after report Trump wants to relax U.S. self-driving rules

Tesla shares surged 8.33% in U.S. premarket trading after reports that Trump’s transition team will prioritize a federal framework for regulating self-driving cars. The news follows Trump’s appointment of Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency, aimed at reducing regulations and cutting wasteful spending. Musk’s relationship with Trump is seen as a potential benefit for Tesla as the company seeks to advance self-driving technologies.

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