** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.