Trump's plans to relieve automakers boost Tesla stock

A report by Reuters is causing a stir: Donald Trump's transition team is apparently planning to overturn a law that requires automakers to report accidents involving self-driving systems. This benefits Tesla in particular, whose stock price reached a new record high on Friday. According to a document reviewed by Reuters, the Trump administration is considering abolishing the existing general order aimed at increasing safety and transparency in automated vehicle systems. Tesla, in particular, has so far submitted the most accident reports to the relevant safety authorities. The Alliance for Automotive Innovation, a trade organization representing manufacturers like General Motors, Toyota, and Volkswagen, also criticizes the reporting requirement. They see it as a burden for the industry without demonstrable safety gains. The news caused Tesla shares to rise by up to 3% above their previous record high. Since the U.S. presidential election on November 5, Tesla's stock price has increased by over 70% and has risen by more than 135% in the past six months. For Tesla and the entire autonomous vehicle industry, a reduction in compliance costs and more creative freedom could represent a significant advantage, which makes investors optimistic.