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.
I Served A Woman Who Scoffed at Me All through High School & Finally Took My Revenge after 20 Years
“Yes, and after years of therapy and hard work, not only did I overcome those challenges, but I also built a successful business.”
Karen, now completely deflated, couldn’t meet my gaze. Her date drank his whiskey when it arrived, and she held onto her phone, although she wasn’t using it.
A man drinking whiskey | Source: Pexels
“Can I take your order?” I asked again.
Karen shook her head. And then got up from her chair, ready to escort her own shame out the door.
A woman walking out | Source: Pexels
Later that night, as I sat in my bed, looking through old photos on my phone gallery—I realized that I had finally healed the teenager in me. The teenager who needed to be reminded that she could fight and find success and joy for herself.
It had taken about 20 years, but I finally felt free. I finally felt like I had unleashed all the trauma from high school.
A woman using her phone in bed | Source: Pexels
What would you have done?
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