Tesla (TSLA) is poised for significant gains following reports that the U.S. House Energy and Commerce subcommittee plans a hearing this month to accelerate autonomous vehicle (AV) deployment, which could greatly benefit the company's Robotaxi and Cybercab initiatives.
- A key proposal involves increasing the NHTSA vehicle exemption cap from 2,500 to 90,000.
- These legislative changes could potentially turn Tesla's existing FSD-equipped fleet into major profit centers.
- TSLA stock is trading up +1.12% at $436.25 amid the positive legislative outlook.