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Tesla Burned Through Its California EV Rebate Funds In Just Five Days

California launched a new EV credit to help spur demand. Tesla used up its share of the cash within a week.

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California launched a new EV credit to help spur demand. Tesla used up its share of the cash within a week.

Tesla exhausted its share of California's new MyFirstEV rebate in five days, despite a price cap that exempts Rivian and Lucid but not Tesla.