Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    European Markets Climb as Trump Moves to Cut Tariffs on Auto Parts

    May 1, 2025

    Smart and Risky Spots To Store Your Cash, Coins, Crypto, and More

    April 24, 2025

    Hooters Declares Bankruptcy

    April 8, 2025
    Facebook X (Twitter) Instagram
    Tuesday, May 13
    X (Twitter) Instagram
    NinepenniesNinepennies
    • Home
    • Featured

      The Highest-Paying Jobs in America—And It’s Not in Finance!

      March 27, 2025

      7 Must-Buy Costco Sale Items Before They’re Gone This February 

      February 10, 2025

      Steel Stocks on the Rise: 3 Winners After Tariff Announcements

      February 4, 2025

      The Best Oil Stocks to Invest $200 in Right Now

      January 28, 2025

      Top 10 Best Jobs of the Year: High Demand, Six-Figure Salaries, and Bright Futures

      January 23, 2025
    • Entrepreneur News

      Hooters Declares Bankruptcy

      April 8, 2025

      Costco to Open 6 New U.S. Stores Next Month and Another in April—See the Locations and Dates

      February 28, 2025

      Vanguard Unveils Significant Changes to Hundreds of Funds and ETFs

      February 11, 2025

      Colombia’s President Directs National Oil Company to Halt US Venture

      February 7, 2025

      Walmart’s Newest Acquisition: A Pennsylvania Shopping Mall

      February 6, 2025
    • Financial Wellness

      Smart and Risky Spots To Store Your Cash, Coins, Crypto, and More

      April 24, 2025

      The Minimum Salary Needed to Be in the Upper-Middle Class in 2025

      March 21, 2025

      Should You Buy, Sell, or Hold Amazon in 2025?

      March 7, 2025

      From Hawaii to West Virginia: The Shocking 77-Year Gap in Retirement Savings Longevity

      February 24, 2025

      Are the 3 Highest-Paying Dividend Stocks in the Dow Jones Worth Buying?

      February 17, 2025
    • Popular Now

      European Markets Climb as Trump Moves to Cut Tariffs on Auto Parts

      May 1, 2025

      Robinhood Expands Trading to Include Bitcoin, Oil, and Gold Futures 

      January 30, 2025

      Powerball Winning Numbers for January 18: Oregon Player Takes Home $328.5 Million Jackpot

      January 21, 2025

      Morgan Stanley Surpasses Estimates With Robust Equities and Fixed Income Trading Revenue

      January 20, 2025

      10-Year Treasury Yield Edges Lower Amid Anticipation of Economic Data, Fed Remarks

      November 21, 2024
    • Wealth

      America’s 10 Wealthiest Self-Made Women, According to Forbes— #1 May Surprise You

      February 5, 2025

      8 Wealthiest Royals in History

      February 4, 2025

      One Powerful ETF That Grew $10,000 to $55,000 in a Decade: Is It Worth Buying in 2025?

      January 28, 2025

      Coinbase CEO Predicts Bitcoin Could Hit Multi-Million Dollar Value

      January 24, 2025

      Dogecoin Surged After Elon Musk’s Appointment: What’s Happening With This Popular Meme Coin?

      November 18, 2024
    NinepenniesNinepennies
    Home » Tesla Stock Jumps 8% Premarket Following Report That Trump Seeks To Ease U.S. Self-Driving Regulations
    Entrepreneur News

    Tesla Stock Jumps 8% Premarket Following Report That Trump Seeks To Ease U.S. Self-Driving Regulations

    BabatundeBy BabatundeNovember 19, 20245 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    U.S. self-driving cars becoming a reality
    Automotive Daily Updates/Medium
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Automated transportation seems to be one of the priority items on President-elect Donald Trump’s agenda. Consequently, U.S. self-driving cars from companies like Waymo and Tesla’s Robotaxi eagerly watch from the sidelines. 

    Indeed, Tesla shares hopped by 8% when news trickled through the grapevine that a new Federal framework for the U.S. Transport Department will eliminate previous regulatory challenges that previously plagued automated transportation. 

    Trump’s Transition Team Prioritizes Autonomous Vehicle Framework  

    Bloomberg News broke the news earlier this week about the potential implementation of executive support for transportation innovation, such as driverless technology. The report cited anonymous sources who have firsthand accounts of the proceedings.

    Person holding cellphone with logo of National Highway Traffic Safety
    Timon Schneider/Alamy

    Other news outlets have tried verifying the information by reaching out to Donald Trump’s transition team and equally prodding the National Highway Traffic Safety Administration, the entity overseeing automated transportation and accompanying road safety. However, none of the outlets could come up with reliable information.

    ALSO READ: An Image of Elon Musk and Donald Trump Tesla’s Key Stock Levels to Watch After the Election Rally and Elon Musk’s New Government Role

    Appointment of Musk and Ramaswamy to Lead Government Efficiency  

    Elon Musk played a pivotal role in the reelection of the President-elect. He attended rallies alongside Trump and was one of the audacious supporters of the Republican politician in the business world. Interestingly, it’s all about to pay off for Musk. 

    Last week, Trump made strong statements indicating Vivek Ramaswamy, former Republican presidential candidate, and Musk will be heading the newly-formed Department of Government Efficiency. Trump thought the new department would be pivotal to governance in the U.S. as it would eliminate bureaucratic bottlenecks. Also, this department will equally be responsible for cutting wasteful spending and relaxing excess and overbearing regulations.

    Impact of Federal Framework on Tesla’s Robotaxi Ambitions 

    Musk’s Tesla has been touting its development of Fully Self-Driving vehicles for a while now, but they’ve not been entirely successful. So, regulatory challenges shadow the project. However, industry watchers feel that autonomous vehicles, Tesla’s inclusive, have a better shot at public deployment and commercialization with the new federal framework.

    Unveiling of Tesla’s Cybercab and Robovan Models  

    Tesla has revealed in its mission blueprint that its long-term goal for vehicular automation is to create a robotaxi fleet. These would be self-driving cars and vans incorporating machine learning and artificial intelligence for road safety while getting people from one point to another. 

    One of the U.S. self-driving cars
    Aleksandra Faust/LinkedIn

    Just last month, Musk unveiled his first Robotaxi, a concept car called Cybercab. Unlike other Tesla EVs, the Cybercab is a two-seater with no pedals or steering wheels. Each unit costs $30,000.

    While Tesla may have been in the Robotaxi race for a while, other companies have already beaten them to it. Google’s Waymo venture is just one of the many tech companies that have successfully gone public with the operation of U.S. self-driving cars.

    Expansion Plans for Full Self-Driving Technology in Texas and California  

    Road safety regulations have limited Robotaxis’s operation to specific locations. For example, Waymo’s driverless cars operate only in some parts of California. Similarly, Musk explained during the Cybercab and Robovan unveiling that Tesla’s vehicular automation technologies would be fully deployed in California and Texas in 2025.

    Tesla will incorporate its Full Self-Driving technology in Model 3 and Model Y electric vehicles for unsupervised commuting. The Full Self-Driving technology, or FSD for short, is a driver assistance system undergoing supervised testing in Tesla electric vehicles. Albeit, the variant that has been in deployment for a while now is the ‘supervised’ version. 

    While Tesla is frantically gunning to perfect the ‘unsupervised’ version of its FSD, it still needs a driver behind the wheels to course-correct when the technology does not perform as expected.

    ALSO READ: Tesla Electric Semi Truck Battery Ignites in Crash, Releasing Toxic Fumes in California

    Potential Transportation Department Policy Leaders Identified  

    So far, Trump’s transition team is still hunting around for policy leaders to revolutionize the operations of the Transportation Department. Of course, it won’t be business as usual, as the President-elect wants to harness the potential of transportation innovations.

    Musk,Trump, Trump Jr. and Some Other Republicans
    Background Result/Reddit

    The new Transportation Department administrators will be charged with incorporating U.S. self-driving vehicles into the new federal regulatory framework. Consequently, these new policy leaders need to be familiar with the emerging industry and autonomous vehicle capabilities. These capabilities will help them craft the right regulatory policies to make driverless technology safe for public use.

    Some people have already been tipped for the Transportation Department roles. Garret Graves and Sam Graves are Republican representatives for Louisiana and Missouri, respectively. Then there’s Emil Michael, a former Uber executive.

    The information age has exploded with innovations powered by machine learning and artificial intelligence. True to widespread projections, job losses are imminent thanks to these innovations. Take U.S. self-driving cars as an example. Many cab drivers in downtown New York and other bustling cities may end up losing that source of livelihood.

    Donald Trump premarket Self-driving car Tesla
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFTC Reports Threefold Increase in Older Adults Losing $100,000 or More to Financial Scams Since 2020
    Next Article How to Take Advantage of the 0% Capital Gains Tax Bracket as Bitcoin Prices Surge

    Related Posts

    Popular Now

    European Markets Climb as Trump Moves to Cut Tariffs on Auto Parts

    May 1, 2025
    Entrepreneur News

    Hooters Declares Bankruptcy

    April 8, 2025
    Editor's Picks

    The Highest-Paying Jobs in America—And It’s Not in Finance!

    March 27, 2025
    Add A Comment

    Comments are closed.

    Top Posts

    How to Delete Credit Karma Account: Step-by-Step Guide

    October 14, 2024

    Home Depot Penny Items: How To Find Them

    October 17, 2024

    Introducing the 2025 Caterpillar Pickup Truck for the U.S. Market

    September 5, 2024
    Stay In Touch
    • Twitter
    • Instagram
    You Might Like

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    How to Delete Credit Karma Account: Step-by-Step Guide

    October 14, 2024

    Home Depot Penny Items: How To Find Them

    October 17, 2024

    Introducing the 2025 Caterpillar Pickup Truck for the U.S. Market

    September 5, 2024
    Our Picks

    European Markets Climb as Trump Moves to Cut Tariffs on Auto Parts

    May 1, 2025

    Smart and Risky Spots To Store Your Cash, Coins, Crypto, and More

    April 24, 2025

    Hooters Declares Bankruptcy

    April 8, 2025
    X (Twitter) Instagram
    • Home
    • Editor’s Picks
    • About Us
    • Get In Touch
    • Privacy Policy
    • Terms of Use
    • Editorial Standards
    © 2025 Ninepennies.

    Type above and press Enter to search. Press Esc to cancel.