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.”
“Ridiculous,” Demi Moore Rocks a Shiny Blue Gown, but People Are Urging Her to Cut Her Long Hair
Demi looked flawless in a strapless blue Balenciaga gown covered in sequins that sparkled under the lights. She posted her stunning look on Instagram, but her followers were all pointing out the same thing.
Demi Moore, Eva Longoria, and Lily Gladstone looked stunning as they led the stars at the Chopard Trophée Awards ceremony during the 77th Annual Cannes Film Festival on Friday.
For the event held at Carlton Beach in Cannes, France, Moore, 61, put on a dazzling display in a strapless Balenciaga gown, which was covered entirely with sapphire blue sequins. Her dress also featured structured hip details to accentuate her glamorous figure.
Demi looked flawless in the gown, which sparkled under the lights. Her physique looked incredible in the form-fitting dress, which also boasted a floor-sweeping train.
As if her dress didn’t sparkle enough, Demi accessorized it with dazzling Chopard jewelry. She wore a Haute Joaillerie Collection necklace featuring 70.40 carats of Paraíba tourmaline and 43.38 carats of diamonds set in 18k white gold.
Her jet-black hair flowed sleek and straight, parted down the middle in her signature style, framing her face with effortless chic. She played up her features with a sultry, smokey eye, drawing attention to her captivating gaze. Her lips were finished with a nude gloss, adding a hint of glamour without overpowering her natural beauty.
When she shared photos on Instagram, her followers went all out with compliments, ranging from praising her timeless beauty at 60 to admiring her dress that “shone like a diamond,” a reference to a famous Rihanna song.
However, as always, some couldn’t resist pointing out what seemed to bother them: her long hair. “I wish she would cut her hair ridiculous,” someone wrote. Another user went like: “Too old for long hair like that.” People seemed a bit taken aback by Demi’s choice to wear such long hair at her age. On the flip side, it’s a key part of her iconic look, and let’s be honest, Demi’s unconventional super long hair only adds to her charm.
Demi’s appearance often ignites quite a few reactions, just like the ones she rocked at the 2024 Met Gala.
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