As the push for electric vehicles persists despite public reluctance, the once-promising solution for environmental concerns is revealing significant drawbacks. Issues like inadequate charging infrastructure, limited range, battery problems, high repair costs, and supply chain disruptions have plagued the industry.
Despite these challenges, proponents like Joe Biden continue to advocate for electric vehicles. However, the lack of consumer interest has led to substantial financial losses for manufacturers. Ford Motor Company, for instance, reported a staggering $4.7 billion loss in 2023 from its electric vehicle product line, exceeding earlier projections.
The company attributed the losses primarily to intense competition driving down prices. With Ford selling around 72,608 electric vehicles in the year, the losses translate to roughly $65,000 per vehicle sold, an unsustainable business model. Moreover, Ford anticipates further losses, projecting up to $5.5 billion for 2024, particularly concerning in an election year.
Despite Chief Financial Officer John Lawler’s optimistic remarks about future profitability and customer adoption, the reality suggests otherwise. Ford’s flagship electric vehicle, the F-150 Lightning pickup, saw diminished demand, leading to production cuts. This setback is notable, especially as Biden’s administration aimed for 50% of new vehicle sales to be electric by 2030.
Watch Biden test drive the Ford Lightning pickup here:
General Motors has also dialed back production and tempered expectations, posting a $1.7 billion loss on electric vehicles in just the fourth quarter of 2023. Ford went on to state: “We said yesterday that we will launch our second-generation EVs when they can be profitable and deliver the kind of returns we want, and we will build a stand-alone profitable EV business. Meantime, we’re improving the contribution margin of our first-generation EVs.”
Elon Musk Quietly Welcomed Baby No. 12, His Third with Neuralink Corp.’s Shivon Zilis, Earlier This Year
“Our relatives and friends are all aware. Regarding the arrival of his newest child, Musk stated, “‘Secret’ does not mean failure to issue a press release, which would be bizarre.”
Elon Musk just had a new child.
Earlier this year, the 52-year-old founder of Tesla secretly welcomed Shivon Zilis, the director of special projects at Neuralink Corp., into his family.
To Page Six, Musk affirmed the information. Regarding “secretly fathered,” it is likewise untrue,” he provided a statement to the publication. “Our family and friends are all aware.”
“It is not a secret if a press release is not issued, which would be strange,” the X Corp. owner continued.
As of right now, Musk’s youngest child’s gender and name are unknown.
Musk and his associates make an effort to keep their kids’ lives private.
Grimes, the mother of three of Musk’s children, posted a long message on X (previously Twitter) in September 2023 asking for privacy for her and the three children.
She also spoke about the current press that has focused on her co-parenting arrangement with the CEO of Tesla and the information that they secretly welcomed a third child, a son named Techno, not long after Musk welcomed his children with Zilis.
“Hey, I want to de-escalate the narrative at the moment, but I would prefer not to breathe any more life into this current press cycle,” the artist said.
Grimes went on, “I spoke with Shivon at length finally, which was long overdue,” in response to Zilis’ remarks.
She pleaded with supporters, saying that Zilis wasn’t to blame for their situation and urged them not to be upset with her. We are eager to become friends and raise the children together because we greatly appreciate one another.
In 2002, Musk and his first wife, Justine Wilson, welcomed their first child, a son named Nevada Alexander. At ten weeks old, the infant passed away from sudden infant death syndrome (SIDS).
Wilson then used IVF to create twins Vivian Jenna and Griffin in 2004, and in 2006, triplets Kai, Saxon, and Damian were born.
In May 2020, X Æ A-Xii, Musk and Grimes’ first child together, was born.
Then, in November 2021, he discreetly welcomed the twins, Azure and Strider, with Zilis. A year later, Grimes told Vanity Fair that she and Musk received a daughter, Exa Dark Siderael, via surrogate in December 2021.
The tech titan’s third child with Grimes, a son named Techno Mechanicus, also known as “Tau,” was born, as reported in journalist Walter Isaacson’s 2023 biography of Musk. This was the first announcement of the birth of Musk’s youngest child.
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