Tesla's share price jumped after news that President-elect Donald Trump plans to prioritize federal regulations for self-driving vehicles.
The Trump transition team is seeking policy leaders to develop a framework for regulating self-driving vehicles at the Department of Transport.
A bipartisan legislative measure is being discussed to create federal rules for autonomous vehicles, enabling mass adoption of the technology.
Tesla CEO Elon Musk has been advocating for federal self-driving rules and introduced a prototype self-driving taxi without steering wheels or driver controls.