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.
MELODY THOMAS SCOTT BAD NEWS
Melody Thomas Scott, famed for her role on “The Young and the Restless,” unveils harrowing details of her past in her 2020 memoir, “Always Young and Restless
Born into a Hollywood tapestry, her early life was marred by dark shadows.Enduring sexual abuse at the hands of her grandmother and neglect from a mother who turned a blind eye, Scott’s home life was a stark contrast to her public success.Her sanctuary was the acting world, where the staged dramas paled in comparison to her personal horrors.
After leaving her toxic household at age 20, she struggled to find peace and forgiveness.Now a mother and advocate, Scott channels her pain into awareness, battling the stigmas of abuse with her own stark, lived truths.
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