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.

The DMV said Tesla’s use of terms like “Autopilot” and “Full Self-Driving” to describe its advanced driver assist systems “is misleading and violates state law.” The agency ordered a 30-day suspension of Tesla’s license to sell cars in the state if Tesla does not fix marketing concerns surrounding the term “Autopilot” within a 60-day window.

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.