Autonomous driving

Trump rumour to relax U.S. vehicle self-driving rules pushes Tesla stock higher

Tesla shares enjoyed a Trump pump on Monday 18th November 2024 after reports that President-elect Donald Trump’s team intend to prioritise a federal framework for regulating autonomous vehicles within the U.S. Department of Transportation.

Elon Musk was a prominent advocate in the business sector for Trump’s re-election campaign leading up to this month’s elections.

Recently, Trump appointed Musk and former Republican presidential candidate Vivek Ramaswamy to head the newly established Department of Government Efficiency.

Tesla 5-year share price chart

Tesla 5-year share price chart

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