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

Tesla Inc. shares extended a rally climbing as much as 4.9% Monday and are on pace to close at an all-time high for the first time since December 2024, defying growing concerns about the company’s soaring valuation.

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.

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