Three of the biggest producers of eIectric 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 slow production essentially until the economy shows some signs of settIling 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 pIanning 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 vehicles.
Over at Ford Motors, they are cutting one of the three shifts that currentIy 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.
Steven Seagal today: Net worth, family, children, wife, height
Steven Seagal, the iconic actor and martial artist, has led a dynamic life filled with diverse roles and experiences. Born on April 10, 1952, in Lansing, Michigan, Seagal was deeply influenced by music and martial arts from a young age. At 17, he moved to Japan and immersed himself in martial arts training for 15 years, mastering disciplines like karate, judo, kendo, and aikido.
Returning to the US in 1984, Seagal pursued a career in Hollywood. Known for his aikido skills, he gained attention with Warner Bros. and debuted in “Above the Law” (1988), marking the start of his action film stardom. He starred in hits like “Under Siege” (1992), solidifying his status as an international star. Despite successes, ventures like directing “On Deadly Ground” (1993) faced commercial challenges.
Beyond his film career, Seagal’s personal life has been tumultuous. He married several times, including actress Kelly LeBrock, with whom he had three children. His move to Russia in 2016, where he received citizenship and a humanitarian role, marked a significant shift.
Today, Seagal remains active, though his public presence has waned. His net worth is estimated at $16 million. Despite controversies and legal issues, he continues to engage with his passions and international ties. Through his varied career and personal life, Steven Seagal has left an indelible mark on both Hollywood and martial arts culture.
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