Tesla's stock has reached new heights, supported by a nearly existential change in investor sentiment. However, there is considerable risk.

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

Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock surge widens the billionaire gap.

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.

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With a modest market cap of $22 billion, Rivian is evolving beyond its luxury niche as it gears up for substantial growth in vehicle production with

Gordon said the DMV would give Tesla a 90-day grace period to change its marketing before the state reconsiders a monthlong sales ban and won’t pursue a manufacturing pause at all. “We want to give them a chance — you could argue one more chance — to be able to remedy the situation,” he said.

Bloomberg reports that Sterling Anderson is in line to succeed Mary Barra as CEO of General Motors. Anderson was a co-founder at Aurora when he left to join GM as chief product officer. He also led Tesla’s Autopilot program during the crucial years 2015-2016.