Tesla's License To Sell And Make Vehicles In California Suspended By Judge For 30 Days, Elon Musk-Led Company Ordered To Rebrand 'Autopilot'

Core Viewpoint - A California Administrative Law Judge has determined that Tesla's marketing of its Autopilot and full self-driving systems is misleading, leading to potential punitive actions against the company [1] Group 1: Regulatory Actions - A California court has recommended a 30-day suspension of Tesla's license to sell and manufacture vehicles in the state [2] - The California DMV has decided not to pursue the suspension of Tesla's manufacturing license and has imposed a 90-day stay on the suspension of its sales license, allowing the company time to amend its marketing practices [5] Group 2: Legal Findings - Judge Juliet Cox proposed a decision regarding whether Tesla misled consumers about its autonomous driving features, based on a lawsuit from the California DMV [3] - The state regulator found Tesla's branding of its driver assistance technologies as "Full Self-Driving" and "Autopilot" to be misleading, contradicting statements from Tesla's legal team that the cars are not capable of driving themselves [4] Group 3: Market Reaction - Despite regulatory challenges, Tesla shares increased by 3.07% to a record high of $489.88 per share, although they experienced a slight decline of 0.89% overnight [7] - Optimism regarding Tesla's autonomous driving features persists, with CEO Elon Musk announcing the testing of robotaxis in Austin without a human safety monitor [7]