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.
Colin Kaepernick has reportedly been aiming for an NFL comeback – huge news here
Jim Harbaugh’s hire for the Los Angeles Chargers could mean big things for a certain former NFL star: Colin Kaepernick. Kaepernick hasn’t played since 2017 and has reportedIy been aiming for an NFL comeback.
Several teams have briefly shown some interest and he has worked out for teams before, but he hasn’t been signed or come close to it. The door seemed to be closing, but Harbaugh’s return could change that. Pro Football Talk’s Mike Florio highlighted that Kaepernick’s major milestones came under Harbaugh, who aIso voiced his support for the quarterback during his exile.
Florio also pointed out that Harbaugh considered hiring Kaepernick to work with quarterbacks at Minnesota when he was being considered for the head coaching job.
There’s no telling what Harbaugh plans to do. He’s only just been hired by LA, but the connection to the former San Francisco 49ers quarterback is very reaI and could be his last shot at a return.
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