Tesla Stock Surges as Trump Plans to Ease Self-Driving Regulations

President-elect Trump's transition team reportedly prioritizes a federal framework for autonomous vehicles, boosting Tesla's market prospects.

Tesla shares jumped over 7% following reports that Trump's team is working on a federal regulatory framework for self-driving cars.
Elon Musk, a key Trump ally and major campaign donor, is expected to benefit significantly from these regulatory changes.
The proposed framework aims to streamline the approval process for autonomous vehicles, which currently face state-by-state regulations.
Analysts predict that easing self-driving regulations could significantly advance Tesla's autonomous and AI initiatives.
The news has sparked optimism about Tesla's future, with projections of the company's market valuation potentially reaching $2 trillion.