Trump transition team proposes removal of car-crash reporting rule - Reuters

Investing.com -- The transition team for the Trump administration is recommending that the incoming government eliminate a vehicle accident reporting rule. This rule has been opposed by Tesla (NASDAQ:TSLA ), the electric vehicle company owned by Elon Musk, according to a document viewed by Reuters sources. The proposed removal of this rule could potentially impact the government's ability to investigate and regulate the safety of vehicles with automated-driving systems.

Elon Musk, currently the wealthiest person globally, has previously contributed over $250 million towards Trump's successful presidential campaign in November. The removal of the crash-disclosure provision would especially favor Tesla. Under the current program, the company has reported over 1,500 crashes to federal safety regulators, the majority of such reports. The National Highway Traffic Safety Administration (NHTSA) has subsequently launched several investigations into Tesla, with three of these investigations originating from the reported data.

The proposal to eliminate the crash-reporting rule was put forward by a transition team responsible for developing a 100-day strategy for automotive policy. This team has labeled the current rule as a mandate for "excessive" data collection, according to the document seen by sources. Neither Musk nor Tesla have issued a response to requests for comments regarding this matter.

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Source: Investing.com