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(The Guardian) Shares in Elon Musk’s electric vehicle company, Tesla, rose nearly 7% in trading before the bell in the US today, after Bloomberg News reported that president-elect Donald Trump’s transition team was planning to set up federal regulations for autonomous vehicles.
The report comes days after Trump named Musk, the automaker’s CEO, as a co-head of the incoming administration’s new government efficiency department, Reuters reports.
Last month, Musk criticized the state-by-state approval process, required for self-driving vehicles, as “incredibly painful”, weeks after unveiling a two-seat “Cybercab” robotaxi without a steering wheel and foot pedals, set to go into production in 2026.
Trump’s team is looking for policy leaders for the transport department to develop a federal regulatory framework, the report said, citing people familiar with the matter. -- A unified federal regulation could streamline this (approval process), allowing Tesla to push forward more rapidly with FSD [full self driving] testing,” said Mamta Valechha, analyst at Quilter Cheviot.
However, the regulation is not the primary barrier holding Tesla back at the moment, it’s the company’s FSD driver assistance technology that is still not fully autonomous and requires driver supervision.
The report comes days after Trump named Musk, the automaker’s CEO, as a co-head of the incoming administration’s new government efficiency department, Reuters reports.
Last month, Musk criticized the state-by-state approval process, required for self-driving vehicles, as “incredibly painful”, weeks after unveiling a two-seat “Cybercab” robotaxi without a steering wheel and foot pedals, set to go into production in 2026.
Trump’s team is looking for policy leaders for the transport department to develop a federal regulatory framework, the report said, citing people familiar with the matter. -- A unified federal regulation could streamline this (approval process), allowing Tesla to push forward more rapidly with FSD [full self driving] testing,” said Mamta Valechha, analyst at Quilter Cheviot.
However, the regulation is not the primary barrier holding Tesla back at the moment, it’s the company’s FSD driver assistance technology that is still not fully autonomous and requires driver supervision.
