Tesla Weekly Rally: How New Self-Driving Rules Fueled the Boom?

Tesla Weekly Rally: DOT’s New Framework Sends Shares Skyrocketing

As a result of a number of favorable catalysts, Tesla’s (TSLA) shares jumped 9.8% on Friday, securing a weekly gain of 17.9%. The company’s most recent favorable headline appeared late Thursday. In addition to simplifying certain reporting requirements for vehicles with automated or driver-assist systems, the Department of Transportation unveiled a new framework for laws pertaining to self-driving automobiles.

This Administration understands that we’re in a race with China to out-innovate, and the stakes couldn’t be higher. As part of DOT’s innovation agenda, our new framework will slash red tape and move us closer to a single national standard that spurs innovation and prioritizes safety,

Transportation Secretary Sean Duffy

Elon Musk: Tesla’s Future Hinges on Autonomous Cars and Robots

In a statement released on Thursday, the National Highway Traffic Safety Administration (NHTSA) also announced that it would extend an existing program that exempts certain autonomous vehicles manufactured in other countries from certain review procedures in order to expedite testing to include vehicles manufactured in the United States. During the firm’s earnings call this week, CEO Elon Musk stated that Tesla anticipates selling fully autonomous vehicles in Austin in June, as the business has been stating for several months.

The future of the company is fundamentally based on large-scale autonomous cars and large-scale … numbers of autonomous humanoid robots. So the value of the company that makes truly useful autonomous humanoid robots and autonomous useful vehicles at scale at low cost, which is what Tesla is going to do, is staggering.

Musk

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