The Daily Money: Climate risk prompts many Americans to move; eviction moratorium expires
Nathan BomeyGood morning, it's Nathan wishing you a happy week ahead!
Do you really need a 500-mile-range electric car?
I asked that question of Peter Rawlinson, CEO of startup EV maker Lucid Motors, which went public on the Nasdaq last week. He admitted that most people probably don't need the 517 miles of range that comes with the highest-end version of his new Lucid Air luxury EV.
But he said it still might be necessary to give people "range confidence," rather than "range anxiety" (the nagging concern that you'll run out of electricity while driving a battery-powered car).
Rawlinson compared Lucid to companies that make watches capable of plunging safely to “incredible depths” on the wrists of deep-sea divers.
“People are not going to dive 1,000 meters, but the watch can do it,” he told me. “You're buying that credibility and quality.”
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On to our ...
💡 INSIGHT OF THE DAY: More Americans are deciding to move to get away from climate-change risks, such as wildfires and fierce storms. So much so that real estate site Redfin is adding a measurement of local climate risk to real estate listings. The figure will warn prospective movers of the potential issues in their desired area through 2050, basically covering the average 30-year mortgage.
📰 And here are more stories you won't want to miss:
1. Retirees need to think long and hard about taxes when withdrawing funds from their retirement accounts. Here are some tips on how to approach it.
2. Bacon could be off the menu in California: A new animal welfare law is taking effect, and hog farmers aren't ready to comply.
3. The federal moratorium on evictions expired over the weekend: Here's what that means for tenants.
4. "Zoombombings" could equal money for you: A class-action lawsuit settlement in the making would deliver $15 to people who use Zoom for free and more for paid users.
That might even be enough to make up for Zoom fatigue.
--@NathanBomey