California green car incentive program goes dry

|By:, SA News Editor

Tesla's (TSLA -4.9%) stumbling along with a number of speculative momentum names, and not helping is a report from Green Car Reports of money running out for California's green cars incentive program.

The program had allowed a $2.5K rebate on zero-emission vehicle purchases and $1.5K for hybrids. It's expected new money will be allocated, but this could be several months away from happening.