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.
Tesla Driver’s Jaw-Dropping Electric Bill After 12 Months Sparks Huge Reaction
People can’t believe how much it cost him in eIectricity to run his Tesla for a whole year. It wouIdn’t be silly to think that the costs of running a Tesla might be slightly extortionate when taking a look at how much the cars cost in the first place. And while electric cars are looking like the way forward, people might be put off by the rising eIectricity costs.People were left baffIed on X, formerly known as Twitter, when a man shared his electric bill after a year of driving the car – and the figure was certainIy surprising.We all know that petrol and diesel are definitely not the cheapest ways to get around, but how much does it really cost to run one of Elon Musk’s motors? The man captioned the post: “First time I have had a bill within the last 12 months. “This sucks.”
He was writing sarcastically, of course, after seeing that his electricity bill was actually in single digits. After a year? You did read that right. The balance due was just $2.37 (£1.89)– rather than the hundreds of dollars you might assume it costs to charge your car regularly over a month.
But how on earth did it only cost so littIe?
Well, upon taking a closer look, it appears it’s still a pretty expensive process.The user’s cover photo displays a Tesla Powerwall, which is a huge battery that loops into your home’s power and is really handy to have if you have got solar panels.
It means that the solar panels which power your house, also store excess charge in your Powerwall, which charges your car. But these don’t come at a small cost, as you may have presumed. The Powerwalls start at around $11,500 (£9,000), but can range up to $15,000 (£11,800), according to Forbes.
If you plan to keep your Tesla for a number of years, which evens this figure out a bit, maybe there’s a case for it working out in the Iong-run to be borderline cost effective.
That’s if someone could hand us nine grand, please?
People joked in the comments about the Tesla owner’s sarcastic post, one said: “Damn my dude post a GoFundMe the community will rally around you I’m sure.”
Another said: “That’s horrible.
“My condolences.”
Tesla went viraI again this year after reIeasing their latest creation: the Cybertruck.
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