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.”
John Travolta’s tears of sorrow
The news of Lisa Marie Presley’s passing was received with immense sadness. The devastating news was revealed by her mother, Priscilla Presley, in a sorrowful social media message.
John Travolta heightened the gloom by sharing an emotional statement and a photo of his daughter, Elvis Presley’s only child. He sent notes to Riley, Priscilla, Harper, and Finley, wishing them all the best of luck and hoping to see each other again soon.
The artist and actress was being transported to a hospital in Los Angeles with admirers from all around the world prior to her untimely death. Throughout this difficult period, a lot of people have expressed their condolences and prayers to Lisa Marie’s family and close friends, who are grieving her loss.
Lisa Marie Presley’s timeless appeal across generations means that she will always hold a special place in our hearts and continue to have a big impact on popular culture.
Everyone whose lives her songs have touched will deeply miss the singer-songwriter, who was a renowned presence in music alongside her father. Among the many legendary figures from theater and film who honored her life was John Travolta, who sent a tribute to her on Instagram.
When word spread of Lisa Marie Presley’s passing, a lot of individuals experienced grief and sadness. Her mother called her the most loving, brave, and passionate person she had ever met, and when the family quietly sought time apart to process the terrible loss, they did it with humility.
Presley allegedly had a heart attack and died there, however the precise cause of death is unknown, according to TMZ. Upon their arrival, the paramedics immediately began performing cardiac resuscitation and giving her epinephrine drugs in a desperate attempt to revive her.
Despite their best attempts, the cherished 54-year-old woman passed away on that awful day due to her heart ailment.
In 1968, Lisa Marie Presley bought the Memphis house known as Graceland, which had been inhabited by her late father, Elvis Presley. Lisa Marie was just nine years old when the King of Rock and Roll passed away at Graceland in 1977.
“To Whom It May Concern,” her 2003 solo debut album, peaked at number ten on the Billboard 200 albums chart. Two years later, in 2005, another song called “Now What” also got the same spot on this list. Her third studio album, “Storm and Grace,” was released in 2012.
Presley also tied the knot in some well-known ceremonies, such as those involving pop sensation Michael Jackson, actor Nicholas Cage, and two musicians, Danny Keough and Michael Lockwood. Her mother Riley Keough is an actress who has made a name for herself and is the most well-known of her three daughters. The son of Lisa Marie Keough, Benjamin Keough, sadly died away suddenly in 2020.
At the Golden Globes on Tuesday in Beverly Hills, Austin Butler won the Outstanding Actor in a Dramatic Film prize for his portrayal of Elvis Presley in a biography that was released the previous year. In front of Priscilla Presley and Lisa Marie, Butler received his medal. During his speech, he thanked them and vowed to love them forever.
Butler’s devotion to and intense respect for two women who were steadfast pillars of support in the lives of two of the most significant individuals in rock ‘n’ roll captivated the audience. Priscilla Presley and Lisa Marie Presley have supported Elvis Presley through all of his challenges and triumphs, from his early success to his final legacy.
Since Austin Butler’s highly regarded depiction of the King of Rock ‘n’ Roll, future generations have been able to commemorate and remember their story.
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