Removing the crash-disclosure provision would particularly benefit Tesla, which has reported most of the crashes – more than 1,500 – to federal safety regulators under the program.

The Trump transition team wants the incoming administration to drop a Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.

Elon Musk’s electric car company, Tesla, has opposed a federal regulation requiring the reporting of car crashes. Now the Trump transition team does too, Reuters reported Friday. It’s unclear whether the Trump administration will act on the recommendation from the transition team,

Elon Musk has shattered financial records yet again, becoming the first person in history to achieve a net worth of $400 billion.

Tesla (TSLA) hits new high at $415, pushing market cap over $1.3 trillion. Elon Musk's net worth surpasses $400 billion.

When Tesla shareholders have a good day, so does Elon Musk.  On Wednesday, shares of Tesla climbed 5.93 percent to break a record high that had been in place for three years. The same day, Musk became the first individual ever to boast having more than a $400 billion net worth on account of a massive sale of insider shares for SpaceX—one of Musk’s other billion-dollar companies.