Tesla Faces Possible California Sales Suspension. Why Investors Aren’t Concerned.

Tesla (TSLA) stock hit new record highs during Wednesday’s stock market before reversing lower. That’s amid news late Tuesday that California’s Department of Motor Vehicles could suspend Tesla vehicle sales for 30 days after an administrative judge recently ruled that the EV giant misled consumers with its Autopilot marketing. California is Tesla’s largest U.S. market and vehicle sales are already…