Musk’s Tesla gets lift as US cuts red tape on self-drive car rules to counter China

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.