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.

Tesla stock rocketed on Monday on a report President-elect Donald Trump’s team will make rules for self-driving cars a priority. Citing people familiar with the matter, Bloomberg News reported that the transition team plans to make federal rules for fully self-driving vehicles one of the Transportation Department’s priorities.

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.

Tesla was indicated solidly higher on a report that President-elect Donald Trump wants a national framework for self-driving vehicles.