Tesla stock jumps on report Trump plans to ease regulations around self-driving cars

Tesla shares surged more than 8% on Monday morning before tapering off in the early afternoon following a report over the weekend that President-elect Trump's transition team is looking to ease the regulations surrounding self-driving vehicles.

The report from Bloomberg Sunday said Trump's team is planning to develop a regulatory framework for self-driving cars as part of a major priority for the Department of Transportation (DOT). 

Wedbush analysts led by Dan Ives wrote in a note following the report...