How AI prompting turned writerly description into an everyday skill 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game 
US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation 
Apollo Debt Solutions Limits Redemptions as Withdrawal Requests Surge 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
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."
