Tesla shares rise; NHTSA to ease some safety rules for self-driving vehicles

** Shares of Tesla TSLA.O rise 10% to $285.20

** U.S. National Highway Traffic Safety Administration to exempt some self-driving vehicles from safety requirements

** NHTSA will also streamline the reporting of safety incidents for advanced driver assistance and self-driving systems

** New framework to boost autonomous vehicles would help U.S. automakers compete with Chinese rivals, U.S. Transportation Secretary Sean Duffy said on Thursday

** Announcement comes as Tesla CEO Elon Musk, a close Trump adviser, has repeatedly pledged to launch commercial robotaxi operations soon

** TSLA posted Q1 revenue of $19.34 billion on Tuesday, compared with estimates of $21.11 billion, according to data compiled by LSEG

** TSLA down 35.7% YTD