The Department of Motor Vehicles gives Elon Musk’s EV company 60 days to change how it promotes Autopilot and Full Self-Driving features or face a 30-day sales ban.

The judge ruled Tesla should have to suspend manufacturing and sales in California for 30 days, but the DMV stayed those rulings for 90 days to allow Tesla to comply.

Shares saw their first record close since December 2024, helping support the continued reign of the “Magnificent Seven.”

TSLA shares dropped 73.6% from a peak of $409.97 on November 4, 2021, to $108.10 on January 3, 2023, in contrast to a peak-to-trough drop of 25.4% for the S&P 500. Sine then, the stock surged to a high of $479.86 on December 17, 2024, and is currently trading at $475.31

Ross Gerber, a longtime Tesla investor and founder of Gerber Kawasaki Wealth & Investment Management, has become a Tesla bear. He’s betting Tesla won’t catch up to Waymo in the self-driving car race, citing the company’s failure to implement new technology along with its soiled reputation as reasons it is falling behind.

Robotaxis and humanoid robots may grab the spotlight, but Tesla's EV business is still holding up the entire production.

While Tesla shares have pared gains, optimism is building for the company’s efforts in AI and autonomous driving.