Less than two months ago, shares of Tesla Inc. were on their way to just the third losing year in the electric-vehicle maker’s decade-and-a-half as a public company. But after a furious rally in the last seven weeks,

The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla , according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.

Few vehicles in modern history have elicited as much consumer excitement and loathing in their first year on the market than Tesla’s Cybertruck.

Tesla finds the rules unfair because it believes it reports better data than other automakers, which makes it look like Tesla is responsible for an outsized number of crashes involving advanced driver-assistance systems, one of the sources said.

It was revealed by the report that this succession of decline brought Tesla's "worst day" since its performance saw a massive spike after President-elect Trump won the November elections.

Tesla' s stock price has been on a bit of a rally lately. The price is currently up almost 70 percent since election day, when Donald Trump became president-elect for a second time. This has boosted Tesla’s market capitalization from $807 billion up to $1.3 trillion.

Ron Filipkowski, the editor-in-chief of the self-styled "pro-democracy" media outlet MeidasTouch, wrote on X about Trump's remarks at the Turning Point USA event: "The fact that he is even talking about this today shows how much President Musk is bothering him."

Non Disclosure President-elect Donald Trump doesn't want his newfound son and Tesla CEO Elon Musk to be caught up in pesky regulations and government scrutiny. According to documents obtained by Reuters,

Donald Trump’s presidential transition team has recommended that ... it more difficult for federal regulators to spark inquiries into dangerous practices. And Tesla would be the new policy’s biggest benefactor. The electric vehicle company, which ...

Experts are split on whether that overlap in public opinion is a good or bad thing for Musk’s businesses or for Trump’s politics.

Billionaires like Elon Musk, Jeff Bezos and Mark Zuckerberg are among the top 10 richest people in the world in 2024.