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.
Dolly Parton says she will no longer be touring and instead will spend time at home with her husband
Country music legend Dolly Parton, 77, recently revealed she’s retiring from touring but remains committed to creating music. In an interview, she stated, “I have no intention of going on a full-blown tour anymore.” Despite her decision, Parton plans occasional special shows and festivals. The iconic singer, who rose from poverty in the Appalachian Mountains, emphasizes her focus on spending quality time with her husband, Carl Thomas Dean, after 50 years of marriage.
Parton shares insights into her life, revealing how she met Dean outside a laundromat in 1964. The couple married in 1966, celebrated their 50th anniversary in 2016, and recently renewed their vows. Parton expresses the importance of staying close to home as they age.
She also discloses her venture into rock ‘n’ roll, inspired by her husband’s musical taste, and discusses her NBC special, “Dolly Parton’s Mountain Magic holiday.” Additionally, Parton collaborates with Reese Witherspoon on the film “Run, Rose, Run,” adapted from her novel co-written with James Patterson.
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