All in, Tesla is an industry heavyweight in a segment of the auto sector that is likely to see material growth for years to come. Noting that Ford and most of the other major legacy automakers are building EVs, too, pushed into it by Tesla's success, how much room is there for other pure-play EV makers?

What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 10.4% in the afternoon session after the National Highway Traffic Safety Administration (NHTSA), rolled out new rules to speed up the launch of home-built self-driving cars.

Shares in troubled EV maker Tesla (TSLA) revved up higher today after it received a rare bit of good news on the future of self-driving cars in

The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday.

KEY TAKEAWAYS Tesla shares jumped Friday, extending their recent rally after CEO Elon Musk said he would spend more of his time focusing on Tesla, as the Trump administration moved to loosen rules around self-driving cars.