---
title: "Tesla Share Price Surges as Trump Administration Signals Federal Self Driving Car Framework|"
publisher: "Stockmark.IT"
author: "Stockmark.IT Website"
published: "2024-11-19T08:01:13+00:00"
modified: "2024-11-19T08:01:13+00:00"
date: 2024-11-19
canonical: "https://stockmark.it/tesla-share-price-surges-as-trump-administration-signals-federal-self-driving-car-framework/"
category: "Automotive"
categories: ["Automotive", "Stockmarket"]
image: "https://i0.wp.com/stockmark.it/wp-content/uploads/2022/11/sa-tesla-st.jpg?fit=800%2C400&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# Tesla Share Price Surges as Trump Administration Signals Federal Self Driving Car Framework|

**Published:** November 19, 2024
**Author:** Stockmark.IT Website
**Categories:** Automotive, Stockmarket
**Featured image:** ![A blue Tesla saloon is parked in front of a concrete wall with a large Tesla logo and the word TESLA displayed in bold white letters. @ stockmark.it](https://i0.wp.com/stockmark.it/wp-content/uploads/2022/11/sa-tesla-st.jpg?fit=800%2C400&quality=89&ssl=1)

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Tesla’s share value experienced a significant uptick of over 7 per cent during morning trading on Wall Street, following reports that Donald Trump’s transition team is contemplating a relaxation of self-driving vehicle regulations.

The president-elect’s advisory team is prioritising the establishment of a federal framework for autonomous vehicle regulation within the US Department of Transportation, moving away from the current state-by-state approval system. This strategic shift could potentially accelerate the commercialisation of self-driving technologies, particularly benefiting Tesla’s CEO Elon Musk, a prominent Trump campaign supporter.

Musk, who has been appointed co-head of the new government efficiency department, has previously expressed frustration with the existing state-level approval process, describing it as “incredibly painful”. The Tesla chief’s vision includes a future where all Tesla vehicles operate autonomously, exemplified by the recent unveiling of the steering wheel-free “Cybercab” robotaxi, scheduled for production in 2026.

The market response has been notably positive, with Tesla shares closing at $338.74 in New York, marking a $18.02 (5.6 per cent) increase. The company’s market performance since Trump’s November 5 election victory has been remarkable, with shares rising 28 per cent and pushing the company beyond a $1 trillion market valuation.

Industry analyst Mamta Valechha from Quilter Cheviot suggests that a unified federal regulation could expedite Tesla’s Full Self-Driving (FSD) testing programme. However, the technology remains under scrutiny following four reported collisions involving Tesla vehicles equipped with FSD software, including a fatal crash in 2023.

The appointment of the next US Department of Transportation head will be crucial in shaping future autonomous vehicle regulations. Emil Michael, a former Uber executive and current investor in Musk’s SpaceX, is currently considered the leading candidate for the position.

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