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.
Mariah Carey suffers unimaginable blow as mother and sister pass away on same “tragic” day
Superstar Mariah Carey disclosed that her mother, Patricia Carey, and sister, Alison Carey, died on the same day, causing an unimaginable sadness.
The Grammy Award-winning musician confirmed that two of her close relatives had passed away over the weekend in a message she sent.
Carey said, “I lost my mother this past weekend, and it broke my heart,” according to PEOPLE.
“Unfortunately, my sister passed away on the same day due to a tragic turn of events.”
It goes without saying that going through such a deep loss is an almost unequaled experience, but Carey did thank God she was able to spend time with her mother before she passed away.
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