Tesla's Stock Skyrockets Following US Regulatory Changes

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 announcement to ease certain regulations, paving the way for American car manufacturers to fast-track their autonomous vehicle projects. The updated rules introduce exceptions to some federal safety testing requirements and streamline the reporting process for autonomous driving systems.

India Market Entry on the Horizon?

Adding to the excitement, Tesla Inc.'s India office has begun refunding early Model 3 reservation holders. This move has sparked widespread speculation that the electric vehicle giant is gearing up to make its debut in India's automotive market, the third-largest in the world.

Stock Performance Update: By 12:41 pm ET, Tesla's shares had climbed 10.16%, trading at $285.88. Despite this uptick, the company's stock has seen a 29.5% decline year to date.