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Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.
Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana
Claudine Gay is out as the president of Harvard. Gay announced Tuesday in a letter that she was stepping down, and reactions have poured in on social media from both her supporters and critics. AdvertisementElon Musk voiced his agreement with a social media user's post that said Gay had been "caught plagiarizing." I admire Claudine Gay for putting Harvard's interests first at what I know must be an agonizingly difficult moment. AdvertisementNot everyone celebrated Gay's resignation.
Persons: Claudine Gay, Gay, , Larry Summers, Gay's, Elon Musk, Emil Michael, Uber's, Alan Garber, — Lawrence H, Summers, Bill Ackman, Ackman, hasn't, Sally Kornbluth, Elizabeth Magill, it’s, 3yUDw6tciF — Emil Michael, @emilmichael, Christopher Rufo, Rufo, Elon, Jason Calacanis, Timnit Gebru, Couldn't, Gebru, Nikole Hannah Jones, Janai Nelson, Liz Magill's, Gary Marcus, Uber, Marcus Organizations: Harvard, Service, Treasury, Twitter, Billionaire, Gay, Former University of Pennsylvania, Harvard Corporation, Conservative, Google, NAACP Legal Defense, Educational Fund
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber likely to win a price war against Lyft, says former Uber exec Emil MichaelEmil Michael, Former Uber Chief Business Officer, joins 'Closing Bell: Overtime' to give his look ahead to Uber earnings.
Persons: Lyft, Uber, Emil Michael Emil Michael Organizations: Uber
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUber's stock growth is largely due to the demise of Lyft as a competitor, says DPCM's Emil MichaelEmil Michael, former Uber chief business officer, joins 'Tech Check' to talk the ride share giant's recent stock pop, competition in the space and more.
Persons: DPCM's Emil Michael Emil Michael Organizations: Uber
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Uber SVP Emil Michael on the company: I still hold the stock and it's not going awayEmil Michael, Fmr. Uber SVP of Business joins 'TechCheck' breaks down dilution and what investors need to look for.
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