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Tesla exhausts its California MyFirstEV rebate allocation in 5 days
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Electrek
Tesla ran through its entire share of California’s new MyFirstEV rebate program in just five days..
Tesla still sells more EVs in California than anyoneHere’s the context that makes the five-day burn rate obvious.
Tesla registered 45,953 vehicles in California in the second quarter, up 11.8% year over year, according to the California New Car Dealers Association.
Tesla drained its slice fastest because Tesla still sells more EVs in California than any other brand.
When you sell that many cars, a $9 million rebate bucket empties in days no matter what your year-over-year chart looks like.