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 policies. Tesla, General Motors, and Ford all have said they plan to sIow production essentially until the economy shows some signs of settling 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 eIectric 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 aIso 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 quarterly 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 electric Silverado and GMC Sierra pickup trucks by a year, citing flattening demand for the electrified vehicIes. 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 fleet vehicles and hybrids.
After this situation, my life split into “before” and “after.”
The most frugal person in the world was my granddad. After he d!ed, he gave me a $30 gift card. I decided to use it rather than give it away for whatever reason. My life had periods before and after that incident. The checker’s face went white when I handed her the card. Cashier: Where did you acquire that? That’s not feasible.
Me: Well, It belonged to my grandfather. “STOP EVERYONE!” said the cashier. Our store has been holding a secret contest for ten years, and the winner is IN FRONT OF US! Telling the customer that the gift card was a unique promotional item with a million-dollar prize that had been unused for years made the cashier quite happy. The store manager walked over to confirm what I already knew to be true, and I stood there in disbelief. My grandpa’s “stingy” present became a fortune that abruptly altered my entire life and my prospects. The story’s lesson is that being a cheapskate implies you like to maximize every dollar. However, there are occasions when it feels good to treat the people you care about with your hard-earned cash. Spending a lot of money is not necessary. Giving them a treat or the lovely present they’ve always desired is a great way to let them know you care.
Leave a Reply