What a week for the electric vehicle space in America.

First, President Trump publicly mended ties with Elon Musk, calling him a "friend" just a week after their viral feud. Then came the policy hammer: Trump signed three congressional resolutions dismantling California's EV mandate and terminating the federal clean vehicle credit. Musk? Unfazed. With Tesla's dominance in the EV industry and rivals like Rivian and Lucid on life support, this could be the final chapter (explained by Musk one year ago) in the multi-year EV price war, leaving Tesla as the last one standing. 

With the current events out of the way, the National Highway Traffic Safety Administration (NHTSA) has updated its exemption process under the Automated Vehicle (AV) Framework to accelerate the safe deployment of vehicles with Automated Driving Systems (ADS). The current exemption process (Part 555) was built for legacy vehicles and has proven too slow and rigid for the unique challenges of ADS-equipped vehicles.

What's changing:

Full NHTSA Memo:

The move to support AVs comes just days before Tesla officially rolls out its robotaxi service in Austin, Texas. 

In a post on X, Musk wrote earlier this week that the current plan is for the robotaxi launch to take place on Sunday.

"We are being super paranoid about safety, so the date could shift," he said. 

On Tuesday, Tesla's self-driving robotaxis were spotted on the streets of Austin. 

Also, in France...

We shared with ZeroHedge Pro Subs a Goldman note at the start of the week that shows the AV rideshare market is poised to enter hypergrowth... 

Pro Subs can read the full note here ....