U.S. to loosen rules on Tesla, other automakers to develop self-driving cars
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Opening a backdoor for Tesla? The USA Department of Transportation announced a relaxation of certain autonomous driving safety regulations.
① The USA Department of Transportation plans to waive certain safety requirements for autonomous vehicles and ease accident reporting rules to accelerate the development of autonomous vehicles; ② This change may be a very positive boost for Tesla, which has focused its business on the field of autonomous driving in recent years; ③ This rule has also been acknowledged by other Auto Manufacturers in the USA, but it has sparked criticism from public organizations.
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The USA government has relaxed the rules for the development of autonomous driving technology, which Musk has previously criticized as being overly complicated.
The Trump administration is relaxing regulations to help Elon Musk's Tesla and other Auto Manufacturers in the USA develop autonomous vehicles. The USA Department of Transportation announced on Thursday that companies developing autonomous vehicles in the USA will be allowed to waive certain federal safety rules for testing purposes. The department also stated that it will simplify collision report requirements related to autonomous Software (which Musk has criticized as overly burdensome) and move towards establishing a nationwide framework for autonomous technology regulations to replace the hodgepodge of state laws. USA Transportation Secretary Sean Duffy stated in a press release:
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Express News | Tech giants extend gains in overnight trading, Google soars 5% as Q1 income beats and it announced a $70 billion buyback plan; Nvidia, Amazon and Tesla rise 2%. Intel drops 5% on outlook, despite Q1 results beating.
U.S. stocks closed: The Federal Reserve wields the flag of interest rate cuts, and the S&P has risen for three consecutive days, approaching a key resistance level.
1. Federal Reserve officials discuss the outlook for a June interest rate cut, with the Nasdaq rising over 2% for three consecutive days; 2. Analyst: Pay attention to the key resistance level of 5,500 points for the S&P; 3. Switch 2 causes a global frenzy, impacting records in the Consumer Electronics market; 4. Apple's AI head loses power again, as a mysterious Siasun Robot&Automation team shifts under the Hardware supervisor.
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Express News | Shares of Companies Within the Broader Consumer Discretionary Sector Are Trading Higher Amid Overall Market Strength Due to March's Strong Durable Goods Orders Economic Data, and President Trump's Announcement That He Met With China Earlier Today
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