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.

Californians buying their first zero-emission vehicle can now receive up to $3,500 off at the point of sale. Hyundai, Lucid and Tesla are the first

Gavin Newsom's MyFirstEV program offers discounts for EV buyers, but Tesla has already run out of allocated funds in just 4 days.