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.
Stunning Men Enthrall Audience with Heartfelt Performance of “I Will Always Love You”
Il Divo: An International Operatic Icinga
Because of Simon Cowell’s vision, the renowned operatic group Il Divo has been a mainstay of music for many years. The four outstanding tenors in this international group are David Miller from the United States, Sebastien Izambard from France, Carlos Marin from Spain, and Urs Buhler from Switzerland.
Il Divo is a band that was formed in 2003 and has captivated audiences all around the world with its amazing repertoire, which consists of over ten albums full of incredible performances. Their lengthy tours, where they have performed for millions of fans, demonstrate their appeal on a global scale. They demonstrated their tremendous influence on the global music industry by selling over two million tickets and playing in 69 cities across 18 countries on their first tour alone.
Experience the mesmerizing performances of Il Divo, a group that never fails to enthrall audiences worldwide, by watching the video below.
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