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.
Kate Middleton’s Health Update
Kate Middleton’s representatives have recently issued a statement regarding her health after concerns were raised about her whereabouts. The Duchess of Cambridge underwent abdominal surgery earlier this year and her team has clarified that they will only be providing significant updates about her condition.
Her absence from public engagements led to speculation about her well-being. However, Kensington Palace has reiterated their stance on the matter, stating that official updates will be limited.
In the meantime, her husband Prince William has resumed his royal duties after a brief absence attributed to personal reasons. He was recently spotted at the Western Marble Arch Synagogue, where he received a bouquet of flowers intended for his wife.
It’s important to note that Kate’s surgery was planned and unrelated to cancer. While the exact nature of her ailment remains undisclosed, her recovery is expected to take several weeks. As a result, she is not expected to resume her royal duties until after Easter.
The public is eagerly awaiting further information from official sources regarding Kate’s health and her eventual return to public engagements. Rest assured, any significant updates will be shared when available.
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