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.
People raise over $370k for 90-year-old Air Force veteran who was seen pawning jewelry to care for wife with dementia
They ran into each other when Marie saw Donald in a Gold and Pawn shop in Manchester, New Hampshire.
The veteran shared that he was selling his jewelry to pay his rent and take care of his ill wife, who had just been diagnosed with dementia. To add considerably more pressure to this, their landowner has chosen to raise the lease and Donald dreaded he and his significant other could be removed.
In a video presented on her page, Marie gave Donald an envelope loaded up with $1,300 from commitments between herself, her life partner, and 25 other kind outsiders who contributed.
The flying corps vet was overpowered with appreciation and promised to reimburse the blessing with a supper, when he could manage the cost of it.
However, things only improve from here on out.
Marie then started a GoFundMe campaign for him, which has received over 13,000 contributions.
Even though the goal was only $350,000, more than $370,000 has been raised for Donald as of now.
So what is the cash in any event, for? Well Marie, remarked that this cash would simply go towards aiding the vet on his monetary burdens, as well as assist him with viewing as another home.
On the mission page she remarked: ” I’m trying to find him a new place to rent that doesn’t break the bank, but I was hoping I could raise some money to ease his financial burden. Any sum would help and any assets for a one room first floor condo or house to lease would be greatly valued in the Manchester region.”
In an update, on August 9, the TikToker expressed gratitude toward every one of those gave and said she and her life partner would be plunking down with Donald and a lawyer to get all the cash in a protected record that he can get to.
Thus, everything seems to lead to a happy conclusion.
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