Latest news with #DavidWelch

Business Standard
3 days ago
- Automotive
- Business Standard
Elon Musk pushes US lawmakers to fast-track self-driving car approvals
By David Welch, Ed Ludlow and Kara Carlson Elon Musk is pushing lawmakers to help clear a path for driverless vehicles, according to people familiar with the matter, part of a broader effort behind the scenes to lobby for a key priority of Tesla Inc. In recent weeks, Musk and people who work for him have been calling members of Congress directly to gather support, said the people, who asked not to be named because the discussions are private. He has also been weighing in on revisions of a bill introduced on May 15 that would begin setting up a basic framework for autonomous vehicles. Options discussed include expediting the bill or presenting a more detailed measure similar to it before Congress's July 4 recess, one of these people said. On Friday in an Oval Office press conference Musk said he will continue to advise President Donald Trump even after he steps away from the Department of Government Efficiency he has spearheaded. 'The administration's policy is driven by one thing and one thing only: achieving the president's agenda and his commitment to the American people,' White House deputy press secretary Harrison Fields told Bloomberg. Musk and Tesla did not respond to requests for comment. Clearing the path for autonomous vehicles would be a huge win for Musk, who has said he's refocusing on running his business empire. He's increasingly betting Tesla's future on autonomy and robotics. Tesla plans to launch its long-anticipated rideshare service in Austin on June 12, using a small fleet of existing Model Y SUVs, Bloomberg reported. Tesla also aims to add purpose-built Cybercabs, expected to reach volume production next year, to its rideshare service. Right now, Tesla's Cybercab usage would be limited by federal rules that only allow special exemptions for a test batch of 2,500 vehicles that lack a steering wheel and control pedals. Tesla and other operators have pushed for years to get a federal standard to allow such driverless vehicles on America's highways. The Trump administration has said it's amenable to federal rules for AVs and Musk has used Tesla's earnings calls to advocate for a federal framework for self-driving cars. A White House official said Tesla has to make business decisions that are in its best interest. The person, speaking under the condition of anonymity to discuss private matters, said the president will continue to focus on making American energy dominant again and will pursue policies to support that infrastructure. 'It'd be wonderful for the United States to have a national set of rules for autonomous driving as opposed to 50 independent sets of rules on a state-by-state basis,' Musk said to Transportation Secretary Sean Duffy when he visited Tesla in May. Currently, companies running AVs are keeping the numbers small and are adhering to a patchwork of state rules. In Texas, Tesla will face few regulations at its launch, with the state regulating autonomous vehicles much like any other car, only requiring cameras, insurance and the ability to follow traffic laws. Congress has had various bills pushing to permit a range of 80,000 to 200,000 autonomous vehicles per manufacturer, but none have managed to pass through the Senate. One bill passed the House in 2017 to allow 100,000 AVs on public roads, but the Senate never brought it to a vote. There, trial attorneys lobbied Democrats to keep new rules at bay without guarantees of how legal liability would be managed. Representative Bob Latta, a Republican from Ohio who's a member of the House Energy and Commerce Committee and sponsored the bill, is working on revisions with plans to reintroduce it within the next few weeks, said the people. Latta did not return requests for comment.


Bloomberg
20-05-2025
- Automotive
- Bloomberg
Tesla Stock Rises on Musk's Commitment to Stay as CEO
Elon Musk said he plans to lead Tesla for at least the next five years during a live interview with Bloomberg at the Qatar Economic Forum. Bloomberg's David Welch explains the challenges Musk and the EV maker are facing. Welch joins Ed Ludlow on 'Bloomberg Technology.' (Source: Bloomberg)


Bloomberg
05-05-2025
- Automotive
- Bloomberg
Who Benefits If Tariffs Create Auto Jobs? Nonunion States
One of the big goals of the US's trade war, to hear Donald Trump tell it, is to bring back manufacturing jobs. If tariffs on cars from abroad have the desired effect of opening more factories in the US, it might not be a big win for unions like the United Auto Workers. Detroit bureau chief David Welch explains. Plus: What happens when Canadians stop visiting a town in Washington that's dependent on them, and what it's like running a freight business now. If this email was forwarded to you, click here to sign up. To hear some autoworkers tell it, President Donald Trump's trade war is much-needed medicine to eradicate unfair deals, wipe away trade deficits and bring back towns in the heartland that long ago lost their steel mills, auto plants and machine shops. It's a return to the days when most cars and appliances were made with pride by American hands.
Yahoo
09-04-2025
- Automotive
- Yahoo
Jeep-Maker to Help Suppliers With Tariff Costs
Jeep owner Stellantis NV is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump's trade war. Bloomberg's David Welch outlines the plan from the automaker on "Bloomberg Open Interest." Sign in to access your portfolio


Bloomberg
08-04-2025
- Automotive
- Bloomberg
Jeep-Maker to Help Suppliers With Tariff Costs
Jeep owner Stellantis NV is willing to help its suppliers pay tariff costs to withstand the initial shock of US President Donald Trump's trade war. Bloomberg's David Welch outlines the plan from the automaker on "Bloomberg Open Interest." (Source: Bloomberg)