Tesla stock hits record high after regulators pause sales suspension

Eliman Dambell Sayvio AI

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.

Author

Eliman Dambell

Sayvio AI

With over a decade in financial markets, Eliman brings an experienced and diversified point of view to market analysis. He covers current and historical macro trends to give insights on Metals, FX, Stocks, and Crypto.

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