Tesla's Stock Soars Following Regulatory Breakthrough

In a significant turn of events, Tesla Inc. witnessed a remarkable 10% surge in its stock value this Friday. This leap comes in the wake of the US Transportation Department's decision to relax certain regulations, paving the way for American car manufacturers to fast-track their autonomous vehicle projects. The updated guidelines offer exemptions from select federal safety tests and streamline the reporting process for autonomous driving technologies.

India Market Entry on the Horizon?

Adding to the excitement, Tesla Inc. has begun refunding early Model 3 reservation holders in India, stirring speculation about the electric vehicle giant's imminent entry into the Indian automotive market. As the third-largest automotive sector globally, India represents a lucrative frontier for Tesla's expansion ambitions.

At 12:41 pm ET, Tesla's shares were trading at $285.88, marking a 10.16% increase. Despite this uptick, the company's stock has seen a 29.5% decline year to date.