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 poIicies.
Tesla, General Motors, and Ford all have said they plan to slow production essentially until the economy shows some signs of settIing 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 electric 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 also 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 quarterIy 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 eIectric Silverado and GMC Sierra pickup trucks by a year, citing flattening demand for the electrified vehicles.
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 fIeet vehicles and hybrids.
Reflecting on Toby Keith’s Journey Through Photos: From Early Success to Personal Passions
Toby Keith loved his life and his favorite bar. He was a country singer who died at 62 on February 5th, almost three years after finding out he had stomach cancer. He often talked about his life with cancer, his love for his wife and kids, and his passion for music.
Toby was born in Clinton, Oklahoma, on July 8, 1961. He fell in love with music when he was 8 years old after his grandma gave him a guitar. He started writing songs as a teenager and played in local bars with his band Easy Money after finishing high school.
After working in oil fields for a while, Toby focused more on his music career. His first album in 1993 was a big success, especially the song “Should’ve Been a Cowboy.”
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