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.
Met Gala 2024: We Ranked the 15 Most Striking Looks
Considered Fashion’s biggest night out, the Met Gala gathers the most glamorous and in-demand stars of the moment on the first Monday of May every year. This year, the red carpet’s theme is “The Garden of Time,” a direct reference to the 1962 short story of the same name by author J.G. Ballard. We have ranked the looks of the night for you, and we can’t wait to hear your opinion.
15. Mindy Kaling
14. Gwendoline Christie
13. Sarah Jessica Parker
12. Anna Wintour
11. Gayle King
10. Lily James
9. Alexandra Michler Kopelman
8. Ashley Graham
7. Zendaya
6. La La Anthony
5. Jennifer Lopez
4. Emma Chamberlain
3. Lea Michele
2. Jessica Biel
1. Gigi Hadid
If you’re in the mood for more glamorous fashion looks, then check out our ranking of the Best Dressed Celebs at the 2024 Oscars.
Preview photo credit ANGELA WEISS/AFP/East News, DPRF/STAR MAX/IPx/Associated Press/East News, Sipa USA / Alamy Stock Photo, ANGELA WEISS/AFP/East News
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