Trump Eases Electric Vehicle Regulations, Tesla Stock Soars 10%, Stock Market Rebounds!

Following the Trump administration's easing of autonomous vehicle safety regulations, Tesla's stock surged nearly 10%, leading the market recovery. U.S. Transportation Secretary Sean Duffy announced a new policy that will accelerate the development of autonomous vehicles, particularly for Tesla, eliminating the requirement to report minor accidents and raising the damage threshold for mandatory reporting.

This change provides greater growth opportunities for electric vehicle manufacturers like Tesla, although consumer reports and road safety advocates have expressed caution, believing this move may increase risks. The new regulations aim to promote autonomous driving technology but also present regulatory challenges.

As policy adjustments drive the stock market higher, the S&P 500 index rose by 0.74%, while the Nasdaq index saw an increase of 1.26%. Tesla emerged as the biggest winner, with investors full of confidence in the relaxed regulations, driving its stock price up significantly.

Nevertheless, the overall stock market remains volatile, with the S&P 500 index and the Dow Jones index falling by 1.5% and 4.5%, respectively, but the performance of tech stocks, especially Tesla, injected strong momentum into the market.