As a penalty for misleading consumers about driver-assistance technology, California sales of Tesla (TSLA) will be suspended for 30 days, Bloomberg reports, citing the head of the state’s DMV. The suspension will not take effect for 90 days however that will allow Tesla to become compliant, the report states.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA: