US Stock Market Move | The Trump administration plans to relax regulations on autonomous driving vehicles. Faraday Future (WRD.US) rose more than 9% in pre-market trading.

On Monday, WRD.US, the American stock of Wenyuan Zhixing, rose over 9% in pre-market trading, reaching $18.99. In terms of news, members of the transition team of US President Donald Trump told advisors that they plan to make the federal legal framework for fully autonomous vehicles a priority for the Department of Transportation. This indicates that the Trump administration intends to relax regulations on autonomous vehicles. In addition, Musk called for national regulations to be established last month during Tesla, Inc.'s third-quarter earnings conference call, allowing autonomous vehicles to operate on US roads without traditional drivers. He also stated that he will use his potential position in the US government to promote a more streamlined regulatory approach to approve the use of fully autonomous vehicles nationwide.