As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
Elton John Says Michael Jackson Was A ‘Disturbing Person To Be Around’
Michael Jackson was once called a “disturbing person to be around” by Elton John.
Some musicians could only dream of having careers in music like John and Jackson’s, and occasionally their lives even overlapped.
The 77-year-old singer of “I’m Still Standing” made startling remarks about the King of Pop, who passed away in 2009 at the age of 50, in his 2019 biography “Me.”
John said that he had known Jackson “since he was 13 or 14” and that the singer was “the most adorable kid you could imagine” in an incredible clip that was obtained by Radar Online.
He says that when Jackson’s mental state deteriorated, especially in his later years, he started to retreat from reality, and that’s when things changed.
The vocalist of “Rocket Man” came to the conclusion that Jackson had “totally lost his marbles” by the 2000s.
John, meanwhile, is adamant that Jackson’s problems started far earlier.
John claimed that on a lunch date in the 1990s, he saw the pop legend looked unwell, covered in plaster and cosmetics. The singer was named Billy Jean.
John said, “The poor guy looked awful, really frail and ill.”
The “Rocket Man” singer claimed that when Jackson left the table “without a word,” the lunch took a bad turn.
According to People, he completed half of his four-year prison sentence.
Insinuating that Jackson was addicted to painkillers, John said, “What prescription drugs he was being pumped full of?”
According to John, Jackson was later discovered “quietly playing games” with her 11-year-old kid in the housekeeper’s cottage.
John enumerated his impressions of Jackson elsewhere in the narrative, asserting: “He
Despite having millions of admirers worldwide, Jackson’s legacy took a hit after accusations surfaced in the 2019 documentary Leaving Neverland.
The documentary, which was shot and produced by Dan Reed, centers on Wade Robson and James Safechuck, who claim that Jackson sexually molested them while they were kids.
The Jackson family discussed the claims that the “Thriller” singer sexually molested young children at his Neverland Ranch with Gayle King on CBS This Morning after the film Leaving Neverland was released.
Robson and Safechuck, according to the Jackson family, came forward asking for money.
Marlon Jackson, the brother of the singer, said: “I want people to know and understand that this documentary is not portraying the truth. Not a single piece of evidence has been found to support their account.
On June 25, 2009, Jackson passed away as a result of a deadly mix of prescription medications.
According to ABC News, the Los Angeles coroner’s office stated that the singer passed away from acute propofol intoxication, with the benzodiazepine effect being mentioned as a contributing factor.
Jackson’s mode of death was similarly determined by the coroner to be murder.
In 2011, Conrad Murray, Jackson’s personal physician, was found guilty of involuntary manslaughter.
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