Tesla (TSLA) stock up on report Trump wants to ease self-driving rules

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Tesla (TSLA) stock up on report Trump wants to ease self-driving rules

Tesla CEO Elon Musk (R) joins former U.S. President and *********** presidential candidate Donald Trump during a campaign rally at the site of his first ************** attempt in Butler, Pennsylvania, on Oct. 5, 2024.

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Tesla shares jumped on Monday following a report that President-elect Donald Trump’s transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department.

As of around 5:23 a.m. ET, Tesla stock was up 8.38% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter.

CNBC could not independently verify the information.

This breaking news story is being updated.

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