Rule changes announced by the Trump administration this week could allow automakers to report fewer crashes involving self-driving cars, with Tesla potentially emerging as the main beneficiary.

The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday.

The Trump administration is loosing rules to help U.S. automakers like Elon Musk’s Tesla develop self-driving cars so they can take on Chinese rivals.

U.S. Transportation Secretary Sean Duffy said that the new framework to boost autonomous vehicles would help U.S. automakers compete with China.

With its engineering headquarters in Palo Alto, Elon Musk's Tesla has been promising to deliver a self-driving vehicle and driverless ride-hailing service for years. But Tesla has

Tesla (NASDAQ:TSLA) shares jumped nearly 10% after the Trump administration announced relaxed safety regulations for self-driving vehicles, aiming to accelerate deployment and bolster U.S. competitiveness against