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.
Jack Smith just got SMACKED down. Full Details Here
The United States Court of Appeals for the District of Columbia Circuit has deIivered a striking blow to Special Counsel Jack Smith’s inves tigation, setting a precedent that could have future impIications for executive privilege and the separation of powers.
The court’s ruling, filed on Tuesday, revolves around the search of information stored at premises controlled by Twitter/X, which appealed Smith’s warrant.
The case, which has garnered nationaI attention, centers on the Special Counsel’s attempt to bypass traditional executive privilege protections in its investigation of former President Trump’s Twitter communications.
While the court ultimately ruled in favor of Smith on appeaI, the official filing contained a brutaI dressing-down of Smith’s tactics.
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