Tesla Inc shares jumped over 7% in premarket trading Monday after reports from Bloomberg highlighted the Trump administration's plans to prioritize a federal framework for self-driving vehicles. The initiative is expected to benefit Tesla, which is at the forefront of autonomous driving innovation. Wedbush analysts, led by Daniel Ives, called the move a “major tailwind” for Tesla, projecting it could ease regulations that currently restrict fully autonomous vehicles. Tesla shares have surged 28% since Trump's election victory.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares have jumped over 7% in pre-market trading Monday after reports from Bloomberg
00:07highlighted the Trump administration's plans to prioritize a federal framework for self-driving
00:12vehicles. The initiative is expected to benefit Tesla, which is at the forefront of autonomous
00:17driving innovation. Wedbush analyst, led by Daniel Ives, has called the move a major tailwind for
00:23Tesla, projecting it could ease regulations that currently restrict fully autonomous vehicles.
00:28Tesla shares have surged over 28% since Trump's election victory.