Today’s episode of Quick Charge means business – the business of buying up power stations to power up the pet AI that says it would have picked you over Michael Jordan in the 1984 NBA draft and the business of fleecing well-heeled car collectors out of an extra $100,000 on a (mostly) new Tesla Model S Signature sedan.

Lucid (LCID) stock was hit with multiple volatility halts and crashed more than 40% on Tuesday after a report claimed the EV maker was weighing Chapter 11 bankruptcy or going private.

Lucid quickly denied the report, calling the speculation “completely false” and pointing to its cash position as evidence it can keep operating well into next year.

California Governor Gavin Newsom signed SB 168 today, creating a new “MyFirstEV” program that gives first-time electric vehicle buyers a $3,500 instant rebate at the dealership starting later this summer.

The point-of-sale discount is backed by $135.5 million in state funding, matched dollar-for-dollar by participating automakers — and a California-headquarters rule makes Rivian and Lucid the biggest winners, while Tesla qualifies only on its cheapest models.