Existing federal rules are strict about car manufacturers' ability to sell large quantities of vehicles without steering wheels or pedals.

Tesla appears to be the net beneficiary of a planned federal framework for fully self-driving vehicles announced by the Trump transition team

President-elect Donald Trumps transition team is prioritizing federal regulations for autonomous vehicles, potentially accelerating innovations like Teslas Cybercab. Sources reveal plans to establish a framework

With Tesla in a prime position to profit, Wedbush projects the market potential for autonomous and artificial intelligence-driven applications at $1 trillion. Under the Trump administration, the company expects faster regulatory clearances, thereby overcoming obstacles Tesla has encountered lately.

Elon Musk was a central figure in the business world pushing for Trump’s return to the White House in the lead-up to this month’s elections.

Tesla shares rose nearly 7% in trading before the bell on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for autonomous vehicles.