Why Tesla stock is sliding 3% after hitting new highs earlier in the day

Core Insights - Tesla's stock faced pressure after reaching an all-time high earlier in the session, influenced by new regulatory scrutiny in California that may complicate the company's operations [1] Group 1 - Tesla's stock experienced volatility, indicating investor concerns regarding regulatory developments [1] - The regulatory scrutiny in California is expected to have implications for Tesla's business model and operational strategies [1]