Three of the biggest producers of EVs are reportedly set to slow down production

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.

The news of beloved actor Steve Martin comes as a surprise

Maybe Steve Martin is all set to put his banjo away. In a recent interview, the musician who has won Grammy and Emmy awards said that after “Only Murders in the Building,” the Hulu real-crime parody he co-created, he would “work a bit less. Once this television show is over, I won’t look for anyone else. I won’t look for any additional films. I won’t play cameo roles. Strangely, this is it,” Martin told The Hollywood Reporter.

I don’t want to retire, he told the publication. “I’m not. But I’d do a little less work. Maybe. “.

In order to spend more time with his wife, author Anne Stringfield, and their 9-year-old daughter, Martin asserted that he needed to cut back on his professional commitments. I have a great family life, he said. I won’t be moving to a new area to live or make a movie anymore. I am not permitted to vanish for three months

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