Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Instagram Outage Disrupts Thousands of U.S. Users 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Costco is kicking off the holiday season with discounts of up to $2,000 on select electric vehicles, including models from Chevrolet, GMC, Cadillac, Volvo, and Polestar. The promotion runs through January 2, but Tesla vehicles are notably absent from the lineup despite earlier partnership talks.
Costco Unveils New EV Holiday Discounts for Members
By January 2, members of selected Costco clubs can take advantage of a new program that offers discounts of up to $2,000 on certain electric automobiles.
Costco Auto is kicking up its Holiday Limited-Time Specials today, November 1. These savings are available to Costco members who buy or rent one of the participating electric vehicles:
- $1,000 on a 2024 or 2025 Chevrolet Silverado EV, Equinox EV or Blazer EV, GMC Sierra EV or HUMMER EV Pickup or SUV, or Cadillac LYRIQ.
- $1,000 on a Volvo C40 Recharge or XC40 Recharge
- $2,000 on the all-new Polestar 3 SUV
Focus on Chevrolet, GMC, Volvo, and Polestar EVs
Chevrolet, GMC, Volvo, and Polestar electric vehicles are the focus of the exclusive agreement. The Cadillac LYRIQ was the most sought-after premium midsize electric SUV among Costco members in the first half of 2024, according to the warehouse club, while the Chevrolet Blazer EV was the most desired automobile overall.
Out of a total of 23 automobiles, 10 are electric vehicles, making them eligible for the Costco incentive program. Costco has been actively working to expand the program's eligibility to include more electric vehicles, since demand for these types of vehicles is on the rise.
Growing Interest in EVs Shapes Costco’s Auto Program
The general manager of the Costco Auto Program, Jay Maxwell, stated:
“This year, nearly half of the vehicles — 10 out of 23 — are BEVs. Interest is growing, so it’s only fitting that we give Costco members a variety of electric vehicles to choose from.”
Tesla Left Out of Costco’s EV Program After Canceled Deal
Regrettably, the program does not include any Tesla EVs. In August, reports surfaced that Tesla was prepared to form a cooperation with Costco, per Teslarati. However, CEO Elon Musk reportedly canceled the arrangement because it "was not approved."
