Used Teslas are getting very cheap, but buying one can be risky

29 May 2024 at 14:48

A white Tesla Model 3 in slightly used condition

The launch of a new electric vehicle these days is invariably met with a chorus of "this car is too expensive"—and rightfully so. But for used EVs, it's quite another story, particularly used Teslas, thanks to a glut of former fleet and rental cars that are now ready for their second owner.

"Due to a variety of reasons, Tesla resale values have plummeted, making many Tesla models very affordable now. Plus, for some consumers, an additional $4,000 Federal tax credit on used EVs may apply, sweetening the deal even further. Buying a used Tesla can be a great deal for the savvy shopper, but there are significant things to look out for," says Ed Kim, president and chief analyst at AutoPacific.

Indeed, a quick search on the topic easily reveals some horror stories of ex-rental Teslas, so here are some things to consider if you're in search of a cheap Model 3 or Model Y.

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Humans have to make meaning out of a seemingly chaotic existence

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They sucked his brains out!

19 May 2024 at 22:06

"Individually an audience might be comprised of idiots, collectively they are never wrong." The New Yorker interviews Academy Award-winning director George Miller [ungated] about filmmaking, editing, and working with his wife and collaborator Margaret Sixel on Furiosa.

The two-child benefit cap in the UK is unfair and doesn’t work | Martyn Snow, bishop of Leicester

The Guardian

Bishop of Leicester

18 May 2024 at 12:00

Ending this shortsighted and unfair policy would lift half a million children out of poverty immediately

In Leicester, where I live and work as bishop, two in five children now live in poverty. That’s 12 pupils in every classroom struggling to focus. Some haven’t eaten breakfast. Others are no doubt worried about arguments they have overheard at home about money, and how to afford next year’s school uniform. When I visit our local schools, I hear of teachers bringing in food for pupils who would otherwise go hungry and schools covering the costs of trips to protect children from the shame of being left out. I’m hugely proud of all that our churches do to support those in need, whether it’s with holiday clubs or food hubs. But we cannot by ourselves reverse the trend of growing child poverty seen across the country. One policy change, however, could: ending the two-child benefit cap.

The limit restricts the child element of universal credit to two children per household, so that families lose about £3,200 a year for any third or subsequent child born after April 2017. This is a huge amount for any family trying to make ends meet: of the 1.5 million children affected in 2023, 1.1 million were living in poverty.

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