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Tesla gains on report Trump team plans federal self-driving vehicle regulations
- Terr_ 2y agoIANAL, but even if the new federal regulations say "Tesla cars can do anything because political corruption doesn't matter", individual US states would still have options. For example, requiring certain proven capabilities or features for anything using local roads state highways. So the harms of Full Self Driving Always Next Year could at least be limited to interstates.
- keernan 2y agoStates don't realistically have options unless the Feds want to allow them to have options. The Feds do this by controlling the purse strings of Federal money. The Feds have the right to deny State X federal funds if State X refuses to adopt Federal Regulations as required by Congress.
- keernan 2y agoWhy would Trump want to adopt Federal oversight of an industry dominated by MusK? Obviously Trump would not do that on his own. This isn't Trump deciding the industry needs to be regulated. It is obvious that Musk is the one deciding that. Why would Musk want the industry he dominates to be regulated? Industry regulations are written by the industry and history has shown that regulations create the rules that determine which businesses within the regulated industry thrive and which die a slow death. Musk is simply using his new federal toolkit to create regulations that will assure Tesla remains the dominant player. In other words: $$$$$$$$$$ for Musk.
- toss1 2y agoYup. Contrary to popular belief, large or dominant businesses like regulation, as long as it favors them. Beyond regulatory capture to explicitly write regulations favorably specifically to the capturing companies (as Musk is doing), just the presence of a large burden of bureaucratic paperwork regulations favors large established players; they have the scale and excess capacity to handle the overhead, where another few percent of nonsense overhead burdens can crush a marginal but growing competitor.