With Trump's election as President of the United States, his administration is expected to attempt to ease regulations on self-driving cars, a news that caused Tesla's stock price to rise by over 5% on Monday. Tesla's CEO Elon Musk has been actively promoting the launch of its 'Robot Taxi' service, aimed at competing with rivals like Waymo, a subsidiary of Google's parent company Alphabet. The market is optimistic about the Trump administration's intentions to lower the regulatory barriers for self-driving cars, resulting in excited investors buying Tesla shares.