Recent reports reveal that Trump’s team is prioritizing “fully autonomous driving,” a goal that aligns with Elon Musk’s vision. However, Trump’s policies are not favorable for electric vehicles, including plans to cancel the $7,500 EV subsidy. Musk’s collaboration with Trump is likely centered around rolling out autonomous robo-taxis.

Under current U.S. regulations, manufacturers are limited to deploying 2,500 vehicles annually, but a proposed bill aims to increase this to 100,000. Although similar legislation failed under both Trump and Biden due to opposition from rival parties and manufacturers seeking litigation protection, the Republican-controlled Congress might push it forward. Nonetheless, narrow margins in the House and potential defections leave the bill’s fate uncertain.

In the short term, this news could provide a strong boost to Tesla's stock price.

Tesla's Self-Driving Dreams Under Trump's Agenda

Nov 18 2024