Tesla Stock Responds To FSD Nod In Monday Premarket As Trump Team Prioritizes Self-Driving Framework

Tesla Inc. (NASDAQ:TSLA) experienced a significant stock surge of 8.76% following the news that President-elect Donald Trump’s transition team aims to prioritize the establishment of a framework for fully autonomous vehicles within the Transportation Department.

What Happened: As per Benzinga Pro, Tesla was trading at $346.71 at the time of writing while it closed at $320.72 on Friday.

Other companies in the autonomous vehicle sector, including Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Uber Technologies Inc. (NYSE:UBER), and Lyft Inc. (NASDAQ:LYFT), did not see similar stock gains. Alphabet’s self-driving unit, Waymo, competes directly with Tesla in the autonomous vehicle industry.

Meanwhile, Uber and Lyft, facing competition from both Waymo and Tesla in the ride-hailing ...

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