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Tesla stock rises as Trump hopes to relax self-driving rules | Real Time Headlines

On October 5, 2024, Tesla CEO Musk (right) and former US President and Republican presidential candidate Donald Trump participated in a campaign rally held at the site of the first assassination attempt in Butler, Pennsylvania.

Jim Watson | AFP | Getty Images

Tesla shares rose on Monday after reports that President-elect Donald Trump’s transition team plans to make a federal framework for regulating self-driving cars a top priority for the U.S. Department of Transportation.

Tesla shares rose 8.38% in U.S. pre-market trading as of about 5:23 a.m. ET after the Bloomberg News report, citing unnamed sources.

CNBC could not independently verify this information.

This breaking news story is being updated.

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