Tesla Inc. Stock Skyrockets Following Regulatory Breakthrough

Tesla Inc. witnessed a significant 10% surge in its stock price this Friday, a direct response to the US Transportation Department's latest announcement. The department has decided to relax certain regulations, a move that empowers American car manufacturers to fast-track the deployment of autonomous vehicles. This regulatory shift includes exemptions from specific federal safety testing protocols and a simplification of the reporting requirements for autonomous driving systems.

India Market Entry Rumors Gain Traction

In related news, Tesla Inc.'s India office has begun refunding early Model 3 reservation holders. This development has sparked widespread speculation that the electric vehicle giant is on the verge of entering India's automotive market, which ranks as the third-largest globally.

At 12:41 pm ET, Tesla's stock was up 10.16%, trading at $285.88. Despite this uptick, the automaker's stock has experienced a 29.5% decline year to date.