The Daily Money: A 500-mile range electric car?

In today's Daily Money newsletter, we've got insights on Lucid Motors, climate risks and real estate, the federal eviction moratorium and retirement. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Monday, August 2 Good 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." Check out more highlights from my interview with Rawlinson, a former chief engineer of the Tesla Model S. 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 This house is perfect. Except for wildfires, drought and floods. Nearly half of respondents in a recent survey said they planned to move in the next year, blaming extreme weather. Why your retirement savings aren't as much as they seem Rent eviction moratorium ended: What to know Who really needs an electric vehicle with a 500-mile range? Retirement: 5 things to know about Social Security spousal benefits The latest labor incentive to the unemployed: Child care help Zoom settlement over 'Zoombombings': How much do you get? The lesson real estate investors need to learn from Surfside collapse Should you ask for a credit limit increase if you don't need it? Tenants fear homelessness as federal eviction moratorium ends   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102