California opened a new $3,500 rebate for first-time EV buyers on August 3, 2026. By August 8, Tesla’s share of the money was gone — used up in five days, with half of it claimed in the first three, according to Electrek and InsideEVs.
The program, called MyFirstEV, is separate from the federal EV tax credit, which stopped applying to vehicles acquired after September 30, 2025. California created a one-time $135.5 million state fund and had automakers match it dollar-for-dollar, bringing total available money to roughly $271 million spread across about 15 brands. First-time buyers or lessees get $3,500 off a new zero-emission vehicle priced at $50,000 or less, or $1,750 off a used one priced at $25,000 or less, applied instantly at the point of sale with no income cap.
Tesla’s cut of that fund was always going to go fast. The brand accounted for roughly 56.7% of all zero-emission vehicles registered in California through June 2026, and the state’s per-automaker allocations weren’t sized to match that share evenly. Tesla’s slice worked out to an estimated $9 million in state money, doubled to about $18 million once its own matching contribution was included — a fraction of what a brand selling that many EVs in the state could plausibly move through in a week.
If you were planning to use this rebate on a new Tesla, it isn’t available right now. As of this writing, the California Air Resources Board hasn’t said whether Tesla will get a second allocation or when one might open back up, so don’t count on it being live by the time you’re ready to buy. Other brands still had funds as of this month — Electrek’s reporting lists Hyundai, Genesis, and Lucid as still funded, with Ford, Chevy, and Kia rolling out allocations later in August and Toyota, Honda, and Subaru starting in September.
Worth checking before you assume you’re out of luck entirely: state and utility incentives beyond MyFirstEV vary by where you live and often aren’t tied to Tesla’s allocation at all. If California reopens Tesla’s share, or another state program applies to you, the rules and dollar amounts can change quickly — confirm current status directly with Tesla or your state’s program before you factor a rebate into your budget.
Photo by Erik Mclean.









