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.
Just Me, Myself, and My Birthday: Embracing Solitude on Another Year Older
Happy Birthday! Although the world may seem still, your day is important and unique. Even though we cannot be with you physically, we send our heartfelt wishes, love, and all the happiness you deserve on this special day. May your birthday be filled with surprises and memories that will last forever, and may the upcoming year bring you endless opportunities, exciting experiences, and countless reasons to celebrate. We appreciate your presence, and we’re here to celebrate your special day with great enthusiasm. 🎈🎉💖
Let’s also wish the dog a happy birthday and make him feel loved on his special day! 🎂
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