Today's Business Headlines: 12/12/24
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk ’s Tesla , according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with
A Reuters analysis of the NHTSA crash data shows Tesla accounted for 40 out of 45 fatal crashes reported to NHTSA through Oct. 15. In addition to ditching the reporting rule, the recommendations call for the administration to “liberalize” autonomous-vehicle regulation and to enact “basic regulations to enable development” of the industry.The Alliance for Automotive Innovation, a trade group representing most major automakers except Tesla, has also criticized the requirement as burdensome.
In recent years, Tesla executives discussed with Musk the need to push for scrapping the crash-reporting requirement, according to one of the sources. But because Biden officials expressed enthusiasm for the program, Tesla executives ultimately concluded that they would need a change in administration to get rid of the requirements, according to the source.
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