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.
20 Times Life Confounded People When They Least Expected It
The best part of being alive is that the strangest things can happen when you least expect them. But even when things get bad, you can always take comfort in knowing you can look back and laugh at yourself.
1. He can always pretend he’s listening to the radio.
2. Let’s hope the school didn’t hire their own students to make this sign.
3. Everything has its limits.
4. You shouldn’t give away your bakery’s secrets so easily…
5. It’s like an endless cycle.
6. To be fair, what better material is there to keep the scissors inside?
7. “This is why you should always hide a spare key…”
8. Headphones break off all the time…but so perfectly?
9. At this point, you’re just throwing money at it.
10. “I almost had a heart attack this morning…”
11. The job is well done, indeed.
12. The common doorbell…the mechanic’s one weakness!
13. If we can put a man on the moon, we can teach snowmen how to drive.
14. This puppy is leaving its schooling days behind.
15. You always hear about people eating wax fruit by accident but never think it could be you.
Do you have any photos of times you or someone you knew was less than lucky? Let us know!
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