It paid off for Musk. Trump will relax regulations on autonomous vehicles

Luc Williams

After the publication of the information by Bloomberg News, which cited anonymous sources familiar with the matter, Tesla shares closed Monday’s trading down more than 5%. growth.

Will Trum’s support pay off?

During the last US presidential election, Musk was a central figure in the business world who strongly supported Trump’s return to the White House. Now the tech billionaire can stake advantage of the close relationship he has established with Donald Trumppreviously a candidate and now president-elect.

Trump chose Musk last week and former Republican presidential candidate Vivek Ramaswamy on heads of the newly established Department of Government Efficiency (abbreviated as “DOGE”), which he said it will end government “bureaucracy”, reduce “excess” regulations and limit “wasteful” spending.

Federal regulation of autonomous vehicles would be a huge boon for Tesla, which has been promising fully autonomous vehicles for several years.

Elan Musk’s vision

Long term Tesla’s vision is to produce a fleet of so-called robotaxisautonomous vehicles that can transport people without the need for human supervision. But for now, it’s still just a vision.

It is true that last month Musk presented his first long-awaited Tesla Cybercab robot truck, which is a two-seater vehicle for PLN 30,000. dollars, without steering wheel and pedals.

However, in the race for dominance in the field of autonomous driving, Tesla has already been overtaken by Google Waymo, which is one of the few companies on the market that autonomous cars were introduced on public roads – notes CNBC.

About LUC WILLIAMS

Luc's expertise lies in assisting students from a myriad of disciplines to refine and enhance their thesis work with clarity and impact. His methodical approach and the knack for simplifying complex information make him an invaluable ally for any thesis writer.