The company is in talks to secure emergency funding from Apollo Global Management (APO) in a move to bolster its finances, Sky News reported. Tesla (TSLA) rose 0.5%, a day after the company said its Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for a $7,500 federal tax credit starting Dec. 31, under new battery production rules from the US Inflation Reduction Act. Meanwhile, Tesla is recalling more than 2 million vehicles for a software update amid concerns that autopilot controls aren't enough to prevent driver misuse, the National Highway Traffic Safety Administration said.