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Tesla Model Y goes up for grabs in new climate action raffle
There is something extra special about being one of the first owners of a vehicle that has the potential to change the auto industry as we know it. The Tesla Model Y is such a vehicle, and you can be one of the first owners of this all-electric crossover thanks to an initiative by a leading voice in the ongoing and escalating fight against climate change.
The CCAN Action Fund is a nonprofit created to inspire climate-friendly changes in public policy at the local, state, and national levels to directly address the ever-prevalent threat of global warming. The group’s activities span several programs, from voter education, lobbying, and direct participation in the electoral process.
Among the issues that concern the nonprofit is the electrification of the transportation sector. Cars, trucks, and other forms of transport account for almost 30% of the United States’ climate pollution. Thus, electric vehicles like Teslas, which only get cleaner over time, contribute to lowering the overall emissions of the transportation sector. For the CCNA Action Fund, it only makes sense to hold a fundraising raffle and give away one of the most highly-anticipated all-electric cars today: the Tesla Model Y.
Support climate change and enter in a chance to win a Tesla Model Y via CCAN Action Fund, the advocacy arm of the Chesapeake Climate Action Network
Following last year’s fundraising success, helped by the Tesla community’s efforts to raffle off a new Tesla Model 3, the CCAN Action Fund is back this year looking to raise another round in its fight against climate change.
In partnership with Teslarati, CCAN supporters have a chance to take home a rare Tesla Model Y Dual Motor AWD! Winners of the raffle will have the option to customize their Model Y according to their preference, with the nonprofit allotting its prize money for the purchase of a Dual Motor AWD vehicle with 19″ Gemini Wheels, all-black interior, and blue, silver, black, or white paint. CCAN will also cover the federal tax payments associated with the prize.
Credit: Teslarati
The Tesla Model Y Dual Motor AWD is expected to be one of the most important electric cars that will be released in recent years. Priced aggressively like its Model 3 sedan sibling and equipped with bleeding-edge tech and a range of 315 miles per charge, the Model Y has the potential to disrupt the crossover industry, which just happens to be one of the market’s fastest-growing segments today. Based on sightings from the Tesla community, Model Y deliveries are likely to start very soon.
Tickets for the CCAN Action Fund’s Tesla Model Y raffle are worth $100 each, and only 3,000 will be allocated before being sold out. Because this is a fundraising effort for climate action, the Tesla Model Y will be raffled off regardless of the number of tickets sold, making the odds of winning anywhere from an incredible 1 in hundreds chance of winning to an amazing 1 in 3000 chance.
The Tesla Model Y drawing will be held on May 1, 2020 at 4:54 EST, regardless of the number of tickets that are purchased.
Interested participants in the CCAN Action Fund’s Tesla Model Y raffle could click here.
Some of our teammates have been friends with members of the Chesapeake Climate Action Network over the past few years. In support of their cause and through a sponsorship with their climate action fund, Teslarati has been helping our friends raise much-needed funds that will help their mission to institute climate policies with local governments.
Please consider helping. Entering in a raffle with amazing odds to take home a Tesla Model Y doesn’t hurt either 🙂
Tesla stock (NASDAQ: TSLA) endured one of its sharpest single-day declines in years on July 23, tumbling approximately 14.5 percent and closing near $320 after opening the session around $374. The drop erased more than $140 billion in market value amid heavy trading volume and left the shares at multi-week lows.
The sell-off followed the company’s second-quarter 2026 results, released the previous evening. Tesla reported record revenue of $28.2 billion, up 26 percent year over year, driven by a Q2-record 480,126 vehicle deliveries. Energy storage deployments also rose strongly.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Yet profitability disappointed sharply. Operating income fell 57 percent to $398 million, compressing the operating margin to just 1.4 percent. Non-GAAP earnings per share came in at $0.33, well below the roughly $0.53 analysts had expected. Free cash flow turned negative by $1.1 billion as capital expenditures surged 142 percent to $5.8 billion, largely tied to accelerated spending on artificial intelligence, robotics, and autonomous systems.
The losses on capex were expected, as Tesla said it would be spending heavily in 2026.
Investors also reacted to lingering uncertainty surrounding key product timelines. During the Earnings Call, management reiterated ambitions for Robotaxi deployment and the Optimus humanoid robot, but offered limited new concrete milestones, renewing questions about execution pace that have long accompanied Tesla’s ambitious roadmap.
The magnitude of the decline places it among Tesla’s more severe one-day percentage losses since its 2010 initial public offering. Historically, the two largest single-day drops (split-adjusted) remain September 8, 2020, when shares fell 21.1 percent amid broader market volatility and valuation concerns, and January 13, 2012, with a 19.3 percent plunge during the company’s early growth struggles.
Other notable declines include an 18.6 percent drop on March 16, 2020, at the onset of pandemic-related market turmoil. Thursday’s move ranks roughly ninth on the all-time list but stands out as the steepest in more than a year.
Despite the short-term pain, Tesla’s long-term trajectory has repeatedly recovered from such volatility. The latest results underscore both the strength of its core automotive and energy businesses and the near-term costs of heavy investment in next-generation technologies.
Elon Musk clapped back at France’s decision to withhold the approval for Tesla’s Full Self-Driving (FSD) Supervised system, projecting a clear and blunt message to French Transport Minister Phillippe Tabarot, after he publicly rejected the technology in its current form.
Tabarot outlines several concerns with Tesla Full Self-Driving in a detailed video statement, where he said, “The safety trade-offs are not yet sufficient to authorize it as it currently stands,” he said. He emphasized that FSD is not a true self-driving system and that the driver remains fully responsible.
Key issues Tabarot also brought up included allowing speeding when surrounding traffic exceeds limits and what he believes are insufficient guarantees of driver attention during complex urban maneuvers such as lane changes, intersections, and roundabouts.
Delaying the approval of FSD in France will cost lives
— Elon Musk (@elonmusk) July 22, 2026
While acknowledging technological progress and France’s support for autonomous innovation, Tabarot stressed that deployment must prioritize road safety. He noted ongoing technical discussions with Tesla, the Netherlands, and other European partners, with further ecosystem meetings planned for the fall.
Musk’s rebuke highlights the human cost of regulatory caution. Tesla’s latest safety reports provide compelling data supporting accelerated adoption. In the most recent 12-month period, vehicles using FSD (Supervised) recorded one major collision per approximately 5.1 million miles driven, dramatically better than the U.S. national average of one crash per 698,000 miles.
Even Tesla vehicles driven manually with active safety features outperform the average by a wide margin. These figures come from billions of real-world miles of telemetry, showing FSD vehicles involved in far fewer incidents than both manual Teslas and the broader U.S. fleet.
Critics argue Tesla’s comparisons require careful scrutiny regarding reporting thresholds and fleet demographics, yet the data consistently positions FSD as a potential lifesaver. With road fatalities remaining a leading cause of death worldwide, Musk contends that proven safer technology should not face prolonged bureaucratic hurdles.
France’s measured approach reflects the broader European regulatory caution, which many, especially Musk, have been critical of in the past. However, as autonomous systems from Tesla and competitors like Waymo demonstrate superior safety in independent studies, pressure is mounting for harmonized approvals.
Musk’s warning carries the belief that every month of delay may equate to avoidable tragedies on European roads.
In a striking revelation that underscores the lucrative crossover between Big Tech and space exploration, Alphabet Inc., Google’s parent company, disclosed a massive $94.1 billion equity stake in SpaceX following the rocket company’s blockbuster initial public offering earlier this year.
The disclosure came in Alphabet’s quarterly filing, marking the first time the long-held private investment has been publicly valued at market prices. Google was an early backer, investing alongside Fidelity in 2015 with roughly $500-900 million at a time when SpaceX was valued around $12 billion.
That bet has delivered extraordinary returns, roughly a hundredfold, transforming a strategic play on satellite internet and launch capabilities into one of Alphabet’s largest assets.
Google, $GOOGL, has said they hold $94 billion in SpaceX, $SPCX, shares after IPO.
— unusual_whales (@unusual_whales) July 23, 2026
Of the total holding, approximately $80 billion remains subject to short-term post-IPO lockup restrictions, preventing near-term sales. An additional $14.1 billion faces longer-term restrictions, extending into the third quarter of 2027. This structure limits immediate liquidity but protects against market volatility as SpaceX transitions into public trading.
The SpaceX position contributed significantly to gains in Alphabet’s broader investment portfolio, which also includes a major stake in AI leader Anthropic. Combined, these holdings helped drive nearly $100 billion in investment gains during the second quarter, providing a substantial boost to net income amid ongoing AI spending pressures.
Analysts view the disclosure as validation of Alphabet’s venture strategy beyond its core search and cloud businesses. The investment aligns with deeper ties, including reported multi-billion-dollar deals for AI computing capacity on SpaceX infrastructure. As SpaceX advances Starship flights, Starlink expansion, and ambitious Mars goals under Elon Musk, Google’s stake positions it to benefit from the commercialization of space.
For Alphabet, the windfall highlights how patient, forward-looking bets in transformative sectors can yield outsized rewards. While lockups temper short-term impact, the holding cements SpaceX as a cornerstone of Alphabet’s diversified portfolio in an era where aerospace, AI, and connectivity increasingly intersect. Investors will watch closely as restrictions lift and SpaceX’s public performance unfolds.
Tesla stock tumbles after earnings, one of its sharpest single-day declines
Elon Musk is not happy about this Tesla Full Self-Driving approval delay
