** Shares of Tesla TSLA.O rise 10% to $285.20
** U.S. National Highway Traffic Safety Administration to exempt some self-driving vehicles from safety requirements
** NHTSA will also streamline the reporting of safety incidents for advanced driver assistance and self-driving systems
** New framework to boost autonomous vehicles would help U.S. automakers compete with Chinese rivals, U.S. Transportation Secretary Sean Duffy said on Thursday
** Announcement comes as Tesla CEO Elon Musk, a close Trump adviser, has repeatedly pledged to launch commercial robotaxi operations soon
** TSLA posted Q1 revenue of $19.34 billion on Tuesday, compared with estimates of $21.11 billion, according to data compiled by LSEG
** TSLA down 35.7% YTD
(Reporting by Juby Babu in Mexico City)
((Juby.Babu@thomsonreuters.com;))
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