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.
Fans left in shock at singer’s new look during recent concert
Madonna made a bold statement at her sold-out concert at Madison Square Garden in Manhattan, showcasing her muscles in a skimpy red négligée.The daring outfit served a special purpose as the 65-year-old Queen of Pop celebrated her daughter Chifundo ‘Mercy’ James Kambewa Ciccone’s 18th birthday during the performance.The Michigan-born singer had her daughter Mercy join her on piano for the 1992 track ‘Bad Girl‘, and her 18-year-old son David Banda Mwale Ciccone accompanied her on guitar for the 2003 song ‘Mother and Father‘.
Madonna’s recent health struggles, including a serious bacterial infection that led to a 48-hour medically induced coma and the star being revived by NARCAN injection in June, have not deterred her from continuing her music career. The singer, with 44.6 million monthly listeners on Spotify, is currently on her Celebration Tour, which has grossed $77.4 million over 79 dates.
Teaming up with creative director Lewis James and musical director Stuart Price, Madonna has curated a spectacular stage presentation for her 12th concert tour, honoring her four-decade-long career. Instead of a traditional band or singer, Madonna chose RuPaul’s Drag Race Season 8 champion Bob the Drag Queen as the opening act for her shows.
Despite Madonna’s previous health setbacks, including knee and hip injuries that led to the cancellation of 14 shows during her Madame X Tour in 2019-2020, as per USA Today, she remains resilient. The ongoing coronavirus pandemic posed further challenges, but Madonna underwent knee surgery in April 2020, followed by hip surgery in November 2020, along with regenerative treatment for “missing cartilage,” the Mirror detailed.
Looking ahead, Madonna has plans to direct her own Universal Pictures biopic titled Little Sparrow, featuring actress and three-time Emmy winner Julia Garner.
Collaborating on the script with Oscar-winning screenwriter Diablo Cody, Madonna eventually brought Independent Spirit Award-winning screenwriter Erin Wilson on board after Cody’s departure. The biopic is set to explore Madonna’s illustrious career and personal journey.
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