5min chapter

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The Push to Ban Phones in School

The Daily

CHAPTER

The Complex Landscape of School Cellphone Bans

This chapter explores the diverse approaches to cellphone bans in schools, focusing on enforcement strategies like the 'cell phone jail' in Orange County. It examines the implications of these policies on student interactions and the spectrum of restrictions implemented across different districts.

00:00
Speaker 1
Yes, we are still on the same train of thought here. The current regulations in the United States are going into effect this week, April 18th. I saw this written up on Drive Tesla Canada, so I want to give them a tip of the cap and I'll read you their summary. Since January, many EVs, including all variants of the Tesla Model 3 and Model Y have qualified for the full $7,500 tax credit that came about as a result of the Inflation Reduction Act will introduce last year. Most credits were only going to be in effect for a few months as the IRS said newer rules that took into account where the EV batteries were sourced and manufactured would be announced in March. To be eligible for the full tax credit, there were two sets of criteria as we've been over, but I'll just give them to you again real quick. A vehicle only meets one of these two requirements. It's eligible for half $3750 tax credit. The first set of criteria specifies that at least 50% of the value of the battery components must be produced or manufactured in North America in the fiscal year 2023, and this minimum percentage will increase annually. The second set of criteria requires that at least 40% of the value of the critical minerals used for the vehicle, including cobalt, copper, nickel, graphite, and lithium, must be extracted, processed, and or recycled domestically or in a country with which the US has a free trade agreement. This minimum percentage will also increase annually. By April 18th, the government will publish a revised list of qualifying models and tax credit amounts, giving EV buyers an additional two weeks, now less, as I'm reading this to you. Before the new requirements come into effect, however, Tesla is already notifying potential buyers on its website that it expects the Model 3 rear wheel drive, aka the base Model 3, will no longer be eligible for the full tax credit come April 18th with an updated message on the design studio, which reads, New Model 3 and Model Y vehicles qualify for a federal tax credit for eligible buyers. Based on new IRS guidance, the $7,500 credit is now anticipated to be reduced for Model 3 rear wheel drive on April 18th. Well, we did at least know this was coming, so at the very least it's not an unpleasant surprise. And certainly the reason why the base Model 3 is affected is because its battery pack, that LFP pack that I talked about a moment ago, is sourced from China, where Tesla builds all of its LFP battery packs. So it seems that at least for the time being, the best deal to be had on the Model 3 was from mid January, right after the price cuts, and after the new tax credit went into effect, to right now. Now that's not to say that Tesla, they might choose to drop the MSRP, drop the price on the base Model 3, they could drop it by $3750 if they want to, or need to, if demand dictates that. I suspect they won't want to, certainly the company wants more profits, it is a for profit enterprise after all, but there is a chance that it might need to. So if demand lags enough, then Tesla has the option to eat into its industry leading profit margins in order to goose more orders for that car. There's good news on this front. Tesla is dipping their toe in that water right now. This week, in addition to the price cuts that I already told you about, the base Model 3 has been cut by $1,000, so it's now $42,000, and the performance Model 3 also saw $1,000 shaved off of its base price, which is now $53,000. And now, the performance Model 3, again, I have been a very happy performance Model 3 owner for over, I mean, we're closing in on 5 years, over 50,000 miles, it has been a joy. So I get such a thrill when I'm in a safe position, whether it's off a stop sign, stop light, quiet, safe spot, to just slam that pedal down and get that roller coaster feeling, it still brings an involuntary smile to my face, 50 plus thousand miles later, $53,000 for the performance Model 3. Awesome. Oh, what a great value that is. But the base Model 3, too, I want to emphasize, the base Model 3 still a great value as well, even with the loss of half of the tax credit coming up.

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