
Tesla Inc (NASDAQ:TSLA) shares closed lower on Monday. Reports indicate Tesla vehicles would not be eligible for rebates under a new California consumer rebates proposal.
What Happened: According to a Bloomberg report, California Governor Gavin Newsom outlined new plans on Monday to offer incentives for EV buyers in California if President-elect Donald Trump gets rid of the current federal $7,500 tax break for EV buyers when he returns to the White House early next year.