Election results has propelled the company past a US$1-trillion market valuation mark
) shares rose nearly 7% in trading before the bell on Monday after Bloomberg News reported that President-elect Donald Trump’s transition team was planning to set up federal regulations for autonomous vehicles.
Trump’s team is looking for policy leaders for the transport department to develop a federal regulatory framework, the report said, citing people familiar with the matter. The FSD technology, which has been in development for more than four years, is also under a U.S. auto safety body investigation, after four reported collisions involving Tesla vehicles equipped with the software, including a 2023 fatal crash.
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