Tesla Surges as US Backs Autonomous Cybercabs: What It Means for Traders and Investors
Tesla stock jumps as the US eases rules for self-driving cars. Explore Tesla fundamentals, technicals, and future outlook for investors and traders. Tesla Stock Rallies on Regulatory Breakthrough. The Cybercab Era Begins Tesla Inc. NASDAQ: TSLA stock jumped 26 percent on Friday, hitting an intraday high after a Bloomberg report revealed that the US government plans to ease safety regulations that previously restricted the commercial rollout of fully autonomous vehicles. A move that could redefine the robotaxi market The National Highway Traffic Safety Administration (NHTSA) has introduced a quicker approval process for autonomous vehicles that are built without standard driving features such as steering wheels and brake pedals. This regulatory shift marks a significant advantage for Tesla and its CEO, Elon Musk, who has consistently envisioned a network of fully self-driving Cybercabs. The development could pose a serious challenge to established ride-hailing companies like Uber a...