What To Know About California's $3,500 EV Rebate—And Which Teslas Qualify
InsideEVs·- California launched the MyFirstEV program providing up to $3,500 for new electric vehicle purchases and $1,750 for used ones. - Participating automakers like Tesla determine eligible models based on base MSRP caps of $50,000 for new vehicles and $25,000 for used ones. - The $135.5 million state initiative, matched by partnering manufacturers, aims to incentivize over 73,000 clean vehicle sales.Uber Aims to Build the World's Largest Autonomous Vehicle Platform. Can It Compete With Tesla?
Motley Fool·- Uber reported strong financial results for its latest quarter, posting roughly $2 billion in operating income and trailing 12-month free cash flow exceeding $10 billion. - The company is strategically investing its capital into building an autonomous vehicle platform through partnerships with automotive suppliers like Lucid Group and Rivian. - Despite facing intense competition and capital-intensive demands from rivals like Tesla, Uber aims to secure its long-term market position in the robotaxi industry.The 14 Manufacturers Participating in California’s New MyFirstEV Program
cleantechnica·- California has launched the $135.5 million MyFirstEV program to boost electric vehicle adoption by providing point of sale price reductions for first time buyers. - The initiative offers a combined $3,500 discount for new zero emission vehicles and $1,750 for used models, funded equally by the state and participating automakers. - Fourteen manufacturers have committed to the program with launches scheduled between August 2026 and November 2026, subject to specific MSRP caps and dealership availability.Electric Vehicle Stocks To Keep An Eye On - August 2nd
Market Beat·- MarketBeat's stock screener tool highlights 7 electric vehicle stocks experiencing high dollar trading volume as the market faces increasing bearish pressure. - The highlighted companies include major industry players such as Tesla, Rivian Automotive, QuantumScape, BorgWarner, NIO, XPENG, and Lucid Group. - These publicly traded companies encompass vehicle manufacturers, solid-state battery developers, and automotive component suppliers operating across international markets.