News
The Hidden Retirement Trap in Elon Musk-Style Bets (And How Not to Run Out of Money)
1+ hour, 58+ min ago (509+ words) Elon Musk has made a name for himself by taking massive risks in industries that have high potential, such as electric vehicles, space exploration and artificial intelligence. When you concentrate a large portion of your money into one asset, you…...
'Mag 7' Stocks Aren't So Magnificent Now. Can They Return to Their Former Glory?
4+ week, 2+ day ago (900+ words) For years, shareholders have grown accustomed to the Magnificent Seven delivering market-beating gains. In doing so, those companies have attracted inflows resulting in record-setting valuations. At $21.5 trillion, their collective market capitalizations now exceed the gross domestic product of every country…...
Why December Is Still the Best Month to Buy a New Car
2+ mon, 3+ week ago (495+ words) December is traditionally considered the best month to buy a new vehicle, and industry experts predict that the trend will continue this year. The reason is simple: Dealerships scrambling to hit quarterly or annual sales goals tend to offer the…...
You Can Still Get a Tax Break for Buying an EV in These 13 States
4+ mon, 2+ week ago (1212+ words) Although the federal electric vehicle tax credit is defunct, drivers still have a chance to get financially rewarded for buying an EV. Rebates remain available in over a dozen states. Congress eliminated the $7,500 federal EV tax credit in the GOP…...
The EV Tax Credit Is Dead... or Is It? Here’s a New Loophole
4+ mon, 3+ week ago (556+ words) The last day to buy an electric vehicle and claim a now-expired $7,500 federal tax credit was Tuesday. However, several major automakers have announced that EV shoppers will be able to claim the credit on certain leases for a few more…...
How I Save Thousands of Dollars a Year By Riding a Scooter
5+ mon, 1+ week ago (822+ words) Two years ago I traded my 2015 Ford Focus for a scooter. The result? I now save about $4,000 a year " without feeling like I've sacrificed much. That might sound exaggerated, but the numbers don't lie: I pay less than $5 to fill…...
Planning to Buy an EV? Here's Why You Should Do It Before October
6+ mon, 11+ hour ago (386+ words) Just over a month remains for car shoppers to take advantage of the EV tax credit, a relatively new incentive that was terminated by the sweeping tax law President Donald Trump signed in July. Since January 2023, the EV tax credit…...
Electric vs. Gas: 5 Differences EV Shoppers Should Know
9+ mon, 3+ week ago (1010+ words) Paul Reynolds is the Special Projects Editor at Money.com, with responsibilities that have included launching franchises in best autos and best airlines. Prior to his current role, he joined Money in 2020 as its insurance editor, overseeing life and auto…...
Used Tesla Prices Are Dropping. Are Elon Musk's Politics to Blame?
11+ mon, 2+ week ago (1031+ words) While all electric vehicle owners have had to contend with serious depreciation in recent years, Tesla drivers are getting a particularly bad deal. A Fast Company report analyzing data from CarGurus, a car-buying platform, found that used Tesla values depreciated…...
How Much Cheaper Are EVs Than Gas Cars in the Long Run?
11+ mon, 3+ week ago (1109+ words) Money may earn a commission when you click on the products and services below. Opinions are our own, but compensation and in-depth research determine where and how they appear. Learn more about how we make money. The relatively high cost…...