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Tesla is facing potential sales suspension in California, according to Electrek. The state's DMV filed a lawsuit accusing the automaker of misleading advertising related to Autopilot and Full Self-Driving features. The DMV is seeking a 30-day ban on Tesla’s dealer license, citing years-long concerns about creating incorrect consumer perceptions. A five-day court hearing has been scheduled. Tesla maintains that driver alerts included in the system mitigate confusion. A suspension could harm the company’s U.S. performance, as second-quarter sales declined 12.6%, although Tesla still holds 44% of the EV market. Tesla's China sales are on the rebound, while global Model 3 sales have topped 3 million, with second-quarter deliveries exceeding forecasts.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla is facing potential sales suspension in California, according to Electrek.
00:07State's DMV filed a lawsuit accusing the automaker of misleading advertising related to autopilot and full self-driving features.
00:14DMV is seeking a 30-day ban on Tesla's dealer license, setting years-long concerns about creating incorrect consumer perceptions.
00:21Five-day court hearing has been scheduled.
00:23Tesla maintains that driver alerts included in the system mitigate confusion.
00:26The suspension could hurt the company's U.S. performance, where second-quarter sales dropped 12.6%, though Tesla still owns 44% of the EV market.
00:35Tesla's China sales are on the rebound, while Global Model 3 sales topped 3 million as second-quarter deliveries exceeded forecasts.
00:42For all things money, visit Benzinga.com.

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