U.S. sales have fallen further from their 2022 peak, and Elon Musk has already told investors to brace for a “few rough quarters.”

California’s many Tesla dealerships are now under threat. The head of California’s Department of Motor Vehicles said on Tuesday that if the carmaker does not correct its “misleading” branding of “Autopilot,” Tesla will be blocked from selling cars in the state for 30 days.

Tesla stock staged a massive rebound, with shares climbing 120% from their low in April on a handful of positive catalysts.

Of course, the patent application doesn't specifically mention Starlink, nor has Tesla described any plans to integrate its EVs with Starlink. And companies file patents all the time for products or innovations that never make it to the factory floor. But it's an interesting look into the potential future of connected cars.

This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: The S&P 500 logged its third-straight losing day yesterday as investors weighed jobs numbers for the last two months.

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

Tesla's stock reached its all-time closing high today, marking the first time it's achieved this level in a year.