Musk’s Tesla gets lift as US cuts red tape on self-drive car rules to counter China
Friday, 25 April 2025 () The Trump administration is easing regulatory hurdles for self-driving cars, aiming to boost US automakers' competitiveness against China. Carmakers can now seek exemptions from certain safety rules for research and demonstrations. While crash reporting will remain, the federal government plans to streamline the process, addressing concerns raised by Tesla CEO Elon Musk about the current system's burdensomeness.
President Trump is under pressure from U.S. automakers to walk back planned tariffs on car parts imported from China. While some exemptions may be granted, key 25% tariffs on foreign-made cars and parts remain, threatening to raise vehicle prices and disrupt global supply chains. Tesla has paused...
Trump’s sudden 90-day tariff pause sparked market chaos and a massive tech rebound. Elon Musk’s Tesla surged 22%, boosting his net worth by $36 billion. Silicon Valley allies, including Mark..
Elon Musk is urging former President Trump to roll back his aggressive tariff policies, warning of serious consequences for U.S. businesses—especially Tesla. Musk criticized White House trade adviser..
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Friday, 25 April 2025 ()
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