Tesla could benefit the most from new rules on reporting of self-driving car crashes

Rule changes announced by the Trump administration this week could allow automakers to report fewer crashes involving self-driving cars, with Tesla potentially emerging as the main beneficiary.

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The Transportation Department announced Thursday that it will no longer require automakers to report certain kinds of non-fatal crashes — but the exception will apply only to partial self-driving vehicles using so-called Level 2 systems, the kind Tesla deploys. Tesla CEO Elon Musk had complained the old reporting rules cast his company in a bad light. If Tesla and other automakers are required to report fewer crashes into a national database, that could make it more difficult for regulators to catch equipment defects and for the public to access information about a company's overall safety, auto industry analysts say. It will also allow Tesla to trumpet a cleaner record to sell more cars.

"This will significantly reduce the number of crashes reported by Tesla," said auto analyst Sam Abuelsamid at Telemetry Insight. Added Dan Ives of Wedbush Securities, noting that Tesla rival Waymo won't get an exception, "This is a win for Tesla, a loss for Waymo." Tesla stock soared nearly 10% Friday on the rule changes. Wall Street analysts, and Musk critics, have said that Musk's role as an adviser to President Donald Trump could put Tesla in position to benefit from any changes to regulations involving self-driving cars.