Tesla Stock Price Jumps, Uber Drops on Trump Relaxing Self-Driving Rules
- Tesla surged and Uber fell 7% on Monday after a report said Trump could ease self-driving-car regulations.
- The incoming administration is said to be prioritizing a federal framework for autonomous vehicles.
- Since Trump’s election win, Tesla shares have surged 37%, while Uber stock is down 6%.
Tesla stock surged 7%, while Uber stock dropped the same amount early Monday afternoon following a Bloomberg report said the incoming Trump administration would seek to relax autonomous-vehicle regulations.
That’s seen as a major boon Tesla, which has staked its future on launching fully autonomous electric vehicles in the coming years.
Conversely, autonomous vehicles have been viewed as a potential threat for Uber, as…
