Follow Us News of President-elect Donald Trump’s controversial announcements and appointments continues to unfold in the months preceding Inauguration Day. One of the latest reports regarding the president-to-be and his initiatives is a change to the regulations for self-driving cars. And Tesla stocks are enjoying a bump as a result. President-elect Donald Trump reportedly wants to change self-driving car regulations and Tesla stocks are here for it Tesla stocks jumped over 7% following a report that Donald Trump’s transition team has its eyes set on changing self-driving car regulations. The report suggests that the team will craft a framework at the federal level to create new regulations in the U.S. Department of Transportation (DOT). According to CNBC, Tesla stocks rose 7.4% after mention of the plans. What’s more, the regulation changes may add to Tesla’s momentum to shift its attention away from driver-oriented EVs. In a recent earnings call, Elon Musk mentioned that building a cheap, driveable EV to undercut the Model 3’s price point is “silly.” Instead, the electric car giant unveiled the two-seater autonomous Robotaxi and the 20-passenger Robovan. Both vehicles are completely self-driving and lack the most fundamental controls like a steering wheel. Currently, Tesla offers five models as its current EV lineup. At the lower end of the pricing structure, the Tesla Model 3 and Model Y start at around $42,490 and $44,990, respectively. While rumors suggested a cheaper EV to dethrone the Model 3 as the brand’s cheapest new offering, the recent earnings call seems to have debunked it for good. In addition to the Model 3 and Model Y, Tesla still produces the Model S and Model X EVs. However, with the most affordable new Model S at around $74,990, it’s far from the $30,000 price tag on the incipient Robotaxi. Finally, Musk’s EV brand produces one of the most controversial vehicles in recent times, the Cybertruck. The self-driving car news arrived just after Donald Trump announced that Tesla CEO Elon Musk would head the new “Department of Government Efficiency” (DOGE). Similarly, one of Musk’s favored cryptocurrencies, Dogecoin, enjoyed a surge after the announcement. Best in