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Friday, March 3, 2023

The Daily Money: Debate heats up over whether GM can topple Tesla

Many battles are brewing in the EV space. Some wonder if GM can dethrone Tesla as top EV seller. Meanwhile, Mississippi moves to limit EV dealerships. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, March 3

Happy Fri-YAY!

It's Medora and we're officially moving high speed into the weekend.Well, once we get through the snowstorm forecast today for Chicago. Gulp!

I'm not complaining though. Yosemite closed indefinitely due to heavy snow. Here, it's not supposed to last long or stick around, which is good news for electric vehicle owners. Some EV batteries don't perform as well in freezing temperatures but are okay for shorter trips.

Speaking of EVs, a debate on whether GM can dethrone Tesla has ignited just as Mississippi tries to limit the number of EV dealerships in the state. Before anyone goes nuts, remember New York prohibited Tesla from opening dealerships to sell directly to consumers for a long time due to a dusty old law. Even now, Tesla is only allowed to have five in the state. Other states have similar bans on dealerships for EV makers that give the likes of GM and Ford an upper hand.

Some good, but different news, is that discounts are back if you're looking for new wheels. Bad news is interest rates are likely to keep rising and stay high.

πŸ“° More stories you shouldn't miss πŸ“°

New York vs Florida. New Yorkers are the No.1 movers to Florida. Find out why.

Flying smaller and lower. How FedEx, Amazon and UPS are cutting costs in the current economic climate

Payroll taxes. What are they? Why do we pay them? What does FICA stand for? Here's how much you contribute to federal payroll taxes.

πŸ” Today's Menu πŸ”

The Jewish Purim holiday is upon us. Here's what to know and what to eat: From costumes to hamantaschen.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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