Stock

Trump transition team proposes removal of car-crash reporting rule – Reuters

Investing.com — The transition team for the Trump administration is recommending that the incoming government eliminate a vehicle accident reporting rule. This rule has been opposed by Tesla (NASDAQ:TSLA), the electric vehicle company owned by Elon Musk, according to a document viewed by Reuters sources. The proposed removal of this rule could potentially impact the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.

Elon Musk, currently the wealthiest person globally, has previously contributed over $250 million towards Trump’s successful presidential campaign in November. The removal of the crash-disclosure provision would especially favor Tesla. Under the current program, the company has reported over 1,500 crashes to federal safety regulators, the majority of such reports. The National Highway Traffic Safety Administration (NHTSA) has subsequently launched several investigations into Tesla, with three of these investigations originating from the reported data.

The proposal to eliminate the crash-reporting rule was put forward by a transition team responsible for developing a 100-day strategy for automotive policy. This team has labeled the current rule as a mandate for “excessive” data collection, according to the document seen by sources. Neither Musk nor Tesla have issued a response to requests for comments regarding this matter.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

You May Also Like

Economy

A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

Investing

Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

Editor's Pick

Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

Latest News

A North Korean defector who escaped to the South more than a decade ago was detained after attempting to cross back into North Korea...

Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 balanceandcharge.com

Exit mobile version