Tesla stock jumps as Trump looks to relax rules for self-driving cars

stock surged Monday thanks to rumblings over the weekend that the future Trump administration will adopt a federal framework for self-driving cars.

Shares of the electric vehicle company led by , of President-elect , jumped more than 8 percent in early morning trading.

first reported the news that members of the Trump transition team have told advisers that they plan to make autonomous vehicles one of the Transportation Department's priorities.

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