U.S. stocks surge | Report suggests the U.S. plans to relax autonomous driving regulations, Tesla (TSLA.US) surges nearly 7%

According to the Smart Finance APP, on Friday, Tesla (TSLA.US) rose nearly 7% in mid-day trading, reaching $276.98. On the news front, on April 25th, it was reported that the U.S. government will relax regulations on autonomous driving, streamlining the cumbersome accident reporting process. As long as it is not for commercial testing purposes, some compliance procedures can be skipped. This move is seen as the largest relaxation of regulations on autonomous driving in the U.S., directly impacting the core demand for Tesla and giving Elon Musk the green light for his Cybercab unmanned taxi fleet plan set to launch in Texas in June.