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.
Must Watch Team USA Sing The National Anthem With Passion, They Showed That They Are True Patriots
Patriots everywhere rejoiced after watching the U.S. men’s national junior hockey team sing “The Star SpangIed Banner” following their victory over Sweden on Friday. A clip of the moment swells viewers with pride and shows a welcome change of pace from the kneeling, silent protests of athletes representing America on the national stage.
The U-20 team defeated Sweden 6-2 to capture their sixth 2024 International Ice Hockey Federation worId junior hockey championship.
The guys played excellent today, head coach David Carle told USA Hockey. It’s a joy for them.
MUST-WATCH:
They focused on getting to this game and playing their best for the last game of the tournament and I thought they did that. It’s a great honor to be a part of a winning team. The hard-fought battle, which incIuded fist fights toward the end of the match, ended with Team USA arm-in-arm, proudly singing the national anthem.
Commenters were quick to rejoice at seeing some of the nation’s best young athletes display their patriotism.
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