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President-elect Donald Trump's incoming administration is expected to attempt to widen the rules governing self-driving cars — news that has sent Tesla's stock soaring by almost more than five percent on Monday., designed to rival the likes of Alphabet's Waymo. And with fewer roadblocks in place, investors are clearly giddy at the prospect of Tesla unleashing its autonomous vehicles on the world.
However, whether Trump's picks will be able to fully open the floodgates remains to be seen. Any major revisions to self-driving car rules will still require bipartisan support in Congress. But given Musk's proximity to Trump, the Tesla CEO has plenty of incentive to push for more lax rules. Alphabet's Waymo has already cemented itself as the autonomous ride-hailing service to beat, with General Motors' Cruise falling off following afor a steering-wheel-less "Cybercab" during a flashy event earlier this year. Waymo's current fleet still features both pedals and steering wheels.
But nagging safety concerns have slowed progress considerably. Case in point, a bill to increase the number of deployments of self-driving cars, which is currently limited to just 2,500 vehicles by the National Highway Traffic Safety Administration, In other words, the Trump administration will have to play its cards carefully to open doors for Musk — and the question of what Trump feels he really owes Musk
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