Tesla shares rose seven percent after story broke that Trump’s advisors want to create legal framework for autonomous cars

President-elect Donald Trump's incoming administration is expected to attempt to widen the rules governing self-driving cars.

The current federal rules are strict about car manufacturers selling large quantities of vehicles without steering wheels or foot pedals.

The upcoming Trump Administration's Transportation Department could be getting ready to aggressively deregulate autonomous vehicles on the federal level.

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

Tesla shares surged 7.4% after reports revealed President-elect Trump’s plans to prioritize federal self-driving regulations.

Tesla shares surged Monday while rideshire giants Uber and Lyft tumbled following a report that the Trump adminstriation plans to ease regulations on self-driving cars.

Elon Musk at work? Despite a campaign pledge to 'stop [autonomous cars] from operating on American roads,' Team Trump is now pushing for Congress to facilitate their adoption.

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.