Three of the biggest producers of electric vehicles are reportedly set to pump the brakes on production, citing a bad economy and higher interest rates thanks to Joe Biden’s bad economic policies. Tesla, General Motors, and Ford all have said they plan to sIow production essentially until the economy shows some signs of settling down.
Tesla CEO Elon Musk joined General Motors and Ford in voicing concerns that high-interest rates on car purchases would prevent borrowers from securing financing for expensive eIectric vehicles. Musk said, People hesitate to buy a new car if there’s uncertainty in the economy. I don’t want to be going into top speed into uncertainty.
Musk aIso is planning to take a wait-and-see approach to the economy before ramping up the planned Tesla factory in Mexico. Musk’s comments came after poor quarterly results across the board. Not only were Tesla’s sales down, but so were earnings per share and vehicle production.
General Motors, for their part, has plans to delay production of the electric Silverado and GMC Sierra pickup trucks by a year, citing flattening demand for the electrified vehicIes. Over at Ford Motors, they are cutting one of the three shifts that currently builds the electric F-150 Lightning pickup truck. The automaker made this decision following a summer where they took some of the focus off of electric, instead looking toward commercial fleet vehicles and hybrids.
Kevin Bacon and Wife Find True Happiness After Losing Fortune and Moving to a Farm!
When we think of strong, loving Hollywood couples, Kevin Bacon and Kyra Sedgwick come to mind.
They have been married for over 30 years, celebrating their 35th anniversary this year with a sweet throwback photo on social media.
Despite their long careers in the entertainment industry, there was a time when they lost millions…
In 2009, their lives turned upside down when they got caught in Bernie Madoff’s infamous Ponzi scheme, which was the largest in history. This scam cost them up to $30 million, as estimated by StyleCaster. Bacon mentioned on the SmartLess podcast that they lost “most of our money.”
They were just two of many celebrities and high-profile figures who were scammed by Madoff’s “too good to be true” financial schemes.
“There are obvious life lessons here. If something seems too good to be true, it probably is,” Bacon told hosts Jason Bateman, Will Arnett, and Sean Hayes. “When something like that happens, you look at each other and say, ‘Well, that sucks. Let’s roll up our sleeves and get to work.’”
Despite the setback, 65-year-old Bacon and 58-year-old Sedgwick used the adversity as an opportunity to reflect and focus on the positives. “We’ve made it this far, our kids are healthy, we’re healthy. Let’s look at what we have that’s good,” Bacon said on the October 2022 podcast.
Bacon and Sedgwick decided to step away from the spotlight and Hollywood, finding peace and happiness on a cozy farm in Connecticut.
Over time, they shared glimpses of their daily lives on social media. Sedgwick posted so many videos of her and their goats on TikTok that people now recognize her more for that than her acting roles!
“People say, ‘We love you singing with the goats.’ Kevin and I are like, ‘Great, but have you seen our movies or TV shows?’ But it makes people happy,” the actress and producer told People in March this year.
Interestingly, Bacon and Sedgwick aren’t the only celebs drawn to farm life. In fact, famed actress Jennifer Garner decided to buy back the farm her mother grew up on and transform it into an organic produce project for baby food.
What do you think of celebs gravitating towards farm life? Do you think it would be a nice break from the fast-paced Hollywood experience? Let us know in the comments!
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