"Violating any one of these can result in a revoked license and lost driving freedom."
Quoted from https://www.codot.gov/safety/colorado-teen-drivers/parent/fines-and-points.html
But then it does go on to say 6 points. I can't find how many points driving an unregistered car get's you but if it is 2 or more then the OP will have the 6 points.
The unregistered vehicle is a fixable violation.
One 6-point violation or three 2-point violations can result in a suspension.
I saw this as one offense but justalayman sees it instead as separate violations. I think it could go either way.
I suspect one way or the other, though, Eliaw will have his driving privileges suspended - if not by the state then by his parents.