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.
‘Baywatch’ star Michael Newman tragically dies
Baywatch star Michael Newman has tragically died at the age of 68.
Newman rose to fame in the ’90s after playing a lifeguard on the long-running series, starring alongside Pamela Anderson and Carmen Electra.
The heartbreaking news was confirmed by Newman’s close friend, Matt Felker, who revealed the late actor died “from heart complications” on Sunday, October 20, according to PEOPLE.
The 45-year-old, who directed the recent Hulu docuseries After Baywatch: Moment in the Sun, shared that Newman was “surrounded by his family and friends”.
“I got to see Mike the last time he was conscious and he looked [at] me and in typical Mike fashion said, ‘You’re just in time,'” Felker revealed to the outlet.
Newman endured an 18-year battle with Parkinson’s disease.
He was first diagnosed at the age of 50 in 2006 and devoted his later years to fundraising for the Michael J Fox Foundation.
In a heartfelt interview with PEOPLE this August, the late actor opened up about his desire to raise awareness about the condition through his own experiences.
“This terminal disease has allowed me a lot of thinking time, which I maybe didn’t want, but it’s brought me wisdom,” he said. “My body has changed so slowly that I hardly notice it, yet I am constantly reminded that Parkinson’s has now become the center of my life.”
Newman revealed he took 10 medications a day and would often wake up “jittery,” adding: “I am cherishing the days that I get to be on this earth with family and friends. I’m taking life seriously.”
He said that his life mantra is, “It’s not a run-through,” and concluded: “All those things that you thought you were going to do with your children and grandchildren, pictures we were going to take, all the plans I had… stopped.”
Newman was the only member of the Baywatch cast who was actually a lifeguard. He was also a firefighter who balanced his on-screen career with his full-time career.
Once the show concluded in 2001, he returned to firefighting before hanging up his helmet 25 years later.
The late star is survived by his wife of 36 years, Sarah, their children Chris and Emily, and their one-year-old granddaughter, Charlie.
Our thoughts are with Newman’s family and friends at this time.
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