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New federal rules reducing barriers for self-driving vehicles dovetail with Tesla’s ambitious robotaxi plans amid its financial challenges.
Tesla shares jumped nearly 10% on April 25, capping off an impressive 18% weekly gain as the U.S. government unveiled new regulations that could accelerate the development of self-driving vehicles. The stock closed at $284.95, providing a bright spot in what has otherwise been a challenging year for the electric vehicle maker. U.S. Transportation Secretary Sean Duffy introduced a revamped…
