With the Climate Bill that includes funding for EV buying incentives approaching its final round of voting and news about possible details on the funding running rampant, I will attempt to consolidate as much knowledge as possible into one place.
First of all, I and others here at Teslarati have written numerous articles covering EV incentives. These articles will help you understand how incentives have been voted on recently and how EV incentives in the US compared to the rest of the world. Some of the most notable include this article about US State level EV incentives, this article about how the “union made” incentive was scrapped earlier this year and this opinion piece about what Elon Musk thinks about EV incentives and how he hopes the US will move away from ICE vehicles.
A personal favorite from outside of Teslarati, Martyn Lee of the EV News Daily podcast has laid out a couple of perspectives from Twitter in one of his most recent episodes.
Martyn does a fantastic job of laying out a couple of perspectives on the EV incentives, how some are proposing to pay for them, and reading from experts examining the bill. One such expert is Tom Randall of Reuters, who has posted numerous Twitter threads on the topic. His most notable is the one linked below, where he covers the basics of incentives, who will qualify, and other notes surrounding the legislative process/votes.
Interesting EV tax credit details in the new Manchin deal: $7.5k credit per new vehicle and $4k for a used EV (or 30% of price, whichever is less). The credits expire at the end of 2032—with no manufacturer caps. A bunch of new limitations include ?1/
— Tom Randall (@tsrandall) July 28, 2022
Some important notes from the thread are that used cars will also qualify for a tax rebate of up to $4,000 (as long as your salary is below $75,000 individually or $150,000 for joint filers), and new cars will only qualify if they are under $55,000, new SUVs and trucks will have to be below $80,000, and used vehicles must cost less than $25,000 to qualify.
For those who need a consolidated explanation of what will allow a vehicle to access the incentive, u/mad691 on the r/Electric Vehicles subreddit has posted a spreadsheet that includes all current plugin models and their possible federal rebates if the bill, in its current form, passes. The sheet consists of the qualifications that manufacturers must meet for customers to access the tax rebate along the top row.
Listed on the left are the current incentives available for each model. Then the following five columns highlight whether the vehicle may qualify in the future under the new proposal. These qualifications would disqualify the vehicle from the incentives. Finally, on the right are two columns that highlight the possible rebate of the vehicle and the change in rebate from the current system (red being negative, black being positive change).
Possible Federal EV Incentives from u/Mad691 on Reddit
While the sheet is not fleshed out completely, especially looking at the battery material clause and battery component clause columns, it can at least give a sense of what vehicles may qualify and which may not. Any of the three middle columns (Car Price, Truck+SUV Price, and Assembled in America) are instant disqualifiers and represent the vast majority of disqualifications from the incentives.
Some surprising results from the table include GM’s offerings that would once again be available for the rebate, the laundry list of vehicles not assembled in the US that would no longer qualify for the tax credits, as well as the long list of PHEVs that will continue to receive the full $7,500 in tax credits despite small batteries and lackluster fuel economy (specifically looking at the Jeep Wrangler 4xe with 14 miles of EV range and the BMW X5 with 30 miles of EV range).
This news should be taken with a huge grain of salt as voting and editing the bill have not yet been completed. However, it can give a basic understanding of what incentives may become available if the bill were to pass.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla has expanded the footprint of a massive safety feature worldwide with a recent Software Update labeled as 2026.20.6. The expansion of the “Blind Spot Warning While Parked” feature represents the more widespread availability of the feature, which aims to prevent “dooring.”
Dooring is when a driver or passenger opens a car door into the path of an oncoming road user, usually a cyclist or motorcyclist. It is among the most common types of cycling accidents, the League of American Bicyclists says.
For this reason, Tesla created a feature that warns occupants not to open the door because an object is approaching. The feature will sound a chime, and it will also delay the opening of the door to prevent an incident.
The release notes state (via Not a Tesla App):
“If you attempt to open a door while an approaching object is detected in your blind spot (for example, a bicyclist approaching from behind) a chime sounds, and your door will not open upon initial button press. Wait a short time and press the button a second time to override the warning.”
Tesla initially rolled out this feature back in 2024 with the Model 3 “Highland.” However, it remained with the Model 3 exclusively for over a year; that was until Tesla added it to the Cybertruck this past Spring.
Now, it is making its way to the new Model Y, 2021 and newer Model S, and 2021 or newer Model X.
The prevention of dooring incidents could eliminate many injuries to cyclists, especially in an urban setting. Dooring accounts for 10-20 percent of bike-related crashes in major cities, and over 17,000 dooring-related incidents were treated in the U.S. over the course of a decade. These usually involve fractures, contusions, and head trauma.
Tesla confirmed this morning that it has sent the first production units, manufactured with no steering wheel or pedals, to on-road testing in Austin, sharing video of the first rides with no human controls.
The lack of steering wheels and pedals in the Cybercab aligns with Tesla’s self-certification of Robotaxi as Level 4 SAE, a platform it plans to make widespread through internal vehicles and customer-owned cars that will operate and generate revenue for individuals.
The start of these engineering tests is a major signal for Tesla, which plans to bring driverless, wheel-less, and pedal-less Cybercabs to market in the coming months. With production already well underway at Gigafactory Texas, where the Cybercab is built, there is some inclination to believe the first public rides could happen sooner rather than later.
Engineering tests of the first production Cybercab have begun in Austin pic.twitter.com/fk3KQvcE8a
— Tesla (@Tesla) June 30, 2026
Tesla’s engineering tests will put the Cybercab in real-world scenarios, testing not only the hardware, but more importantly, the software that drives the car around Austin with nobody supervising it within the car.
This is perhaps the biggest part of the internal testing process, especially prior to allowing regular, everyday people to hail the Cybercab for an autonomous ride. These early rides serve as a true benchmark for Tesla: How many rides can it achieve safely? How many miles did it travel consecutively without needing an intervention? What scenarios challenge the Full Self-Driving suite the most?
The proper precautions have already been put into place as well, as Tesla released the First Responders Guide to Cybercab over the weekend, ensuring that emergency services have 24/7 access to Robotaxi Assistance, as well as other boundaries, such as Geofencing features that can be used to redirect autonomous vehicle traffic due to accidents, road closures, construction, or maintenance.
Cybercab seems genuinely close to being added to the Robotaxi fleet in Austin, but Tesla has prioritized safety throughout this entire process. Therefore, we think it could be months before it truly starts giving rides to the public. People have been frustrated with this, but Robotaxi in Austin has a tremendous safety record so far, so the slow rollout has kept people safe and accidents to a minimum.
The most important thing is that Tesla continues to show consistent progress in the Cybercab’s ramp-up toward fleet addition. A few weeks back, we saw the EPA reward the Cybercab a Certificate of Conformity, allowing it to enter the stream of commerce. Then, we saw Tesla add decals, signaling that it was likely about to start testing it publicly. That has now happened.
The next big move will be the announcement of the first rides, so this Summer should be filled with anticipation.
SpaceX gets initial stock coverage from Tesla’s biggest bull
Tesla expands massive safety feature worldwide in latest update
