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Tesla welcomes a major policy package: the USA plans to relax regulations on autonomous driving.
On April 25, reports stated that the USA government will relax regulations on autonomous driving, reducing the originally cumbersome accident reporting process, allowing non-commercial test vehicles to skip certain compliance procedures. This move is seen as the USA's largest deregulation regarding autonomous driving, directly addressing the core demand for Tesla, and giving the green light for Musk's plan to launch the Cybercab autonomous taxi fleet in Texas this June.
Despite the cloud of tariffs and delays with Siri AI, Apple's (AAPL.US) fundamentals remain resilient. Bank of America maintains a Call stance.
The Bank of America analysis team, while maintaining a "Buy" rating, has slightly lowered the target price for Apple from $250 to $240.
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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: