According to Bloomberg, the incoming Trump administration wants to make it easier for car companies to put autonomous vehicles on the road. The Transportation Department can create rules for the technology, but having Congress tackle the issue would put it ...

Tesla stock jumped after a report said Trump's transition team is prioritizing the creation of federal framework for fully autonomous cars.

The current federal rules are strict about car manufacturers selling large quantities of vehicles without steering wheels or foot pedals.

Tesla shares rose nearly 7% in trading before the bell on Monday after Bloomberg News reported that President-elect Donald Trump's transition team was planning to set up federal regulations for autonomous vehicles.

Tesla stock rocketed on Monday on a report President-elect Donald Trump’s team will make rules for self-driving cars a priority.