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.
Billionaire actor and producer Tyler Perry describes his childhood as a “living hell.” As a young adult, he struggled to make money and was eventually “homeless” and “starving
Tyler Perry’s journey from a challenging childhood to a billionaire filmmaker is a testament to resilience. Raised in New Orleans amidst poverty and abuse, Perry found solace in his imagination. He vividly recalls his troubled upbringing as a “living hell,” marked by violence from his father. Struggling in his early adulthood, Perry faced homelessness and hunger.
Despite the hardships, Perry’s determination led him to success. Starting with odd jobs, he saved money to produce his first play, “Know I’ve Been Changed.” Living in his car for months, he eventually hit it big with the character Madea, grossing over $670 million in box office sales.
Now a billionaire, Perry owns a vast production empire, Tyler Perry Studios, surpassing even Warner Brothers in size. His success stems from owning everything associated with his studio. Perry’s down-to-earth life includes philanthropy, combating homelessness through The Perry Foundation, supporting charities, and providing relief after natural disasters.
Living in a $100 million mega-mansion in Atlanta, Perry remains grounded, driving a replica of his old car as a reminder of his journey. Despite his wealth, he continues to inspire and uplift others, emphasizing gratitude and perseverance.
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