Tesla stock hits record high after regulators pause sales suspension
|Tesla’s share price raced to a record high on Thursday, after regulators moved to delay an upcoming sales suspension.
The suspension came following accusations from the Department of Motor Vehicles (DMV) of false marketing and overselling self-driving capabilities, which the company now has more time to contest.
If processed, the suspension would result in a 30-day halt to sales and manufacturing in California, Tesla’s largest market.
After a turbulent start to 2025, which saw CEO Elon Musk leading the Department of Government Efficiency, Tesla’s shift to robotaxis and humanoid robots in Q2 helped to boost investor confidence.
Today’s surge, which saw the stock hit $495.28, comes exactly a year after the stock climbed to $488.54, its previous peak. As of writing, $TSLA is trading at $487.63.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.