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.
IS CLINT EASTWOOD MISSING?
Clint Eastwood, the iconic 92-year-old actor and filmmaker, has been absent from the public eye for over a year, fueling concerns about his health. However, recent Instagram posts from his daughter, Francesca Eastwood, offer reassurance.
Eastwood was last seen at a public event in February 2022, but there have been no recent sightings of him in public. An unnamed source in the celebrity news claimed that this absence has “a lot of people in Hollywood worried about him.” Some reports even suggested he may have osteoporosis, although there is no public evidence to support this claim.
On November 28, 2022, Francesca Eastwood posted a photo of her father appearing happy and well with his family. This glimpse into his life provided some relief to concerned fans.
Clint Eastwood, known for his remarkable career, last released the HBO Max film “Cry Macho” at the age of 90. Despite his recent absence, his legacy in the entertainment industry remains strong.
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