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.
Malia Obama, 25, debuted a new moniker as she began her Hollywood career
Growing up in front of the eyes of the public isn’t something Malia Obama is not familiar with. Being the daughter of the former president of the United States, Barak Obama, she has spent her life under the limelight, and even today, the media is interested in her every move.
The 25-year-old just presented her directorial debut, The Heart, at the Sundance Film Festival. In the Sundance Institute’s “Meet the Artist” spotlight video, Malia Obama revealed she was going by the name Malia Ann, thus ditching her moniker.
Malia, who was born Malia Ann Obama on July 4, 1998, has her middle name honoring her paternal grandmother, who died from ovarian cancer at the age of 52 in 1995, and now, she has dropped her last name in favor of her middle name.
Speaking of the short film for which she served as both director and screenwriter, Malia said. “This is an odd little story, somewhat of fable, about a man grieving the death of his mother after she leaves him an unusual request in her will.” Further, in the YouTube clip of the short film, she wrote, “The film is about lost objects and lonely people and forgiveness and regret, but I also think it works hard to uncover where tenderness and closeness can exist in these things.”
The Heat isn’t her first attempt into the profession. Previously, the Harvard grad worked in the writers’ room on Donald’s Amazon Prime show Swarm, co-writing the fifth episode, “Girl, Bye.”
“She’s a very professional person,” Swarm‘s co-creator Janine Nabers said Malia in a January 2023 Vanity Fair interview. “She’s an incredible writer and artist. She made significant contributions… She’s very, truly committed to her craft.”
Swarm‘s executive producer Stephen Glover also spoke of Malia. “We can’t be easy on her just because she’s the [former] President’s daughter,” he told Vanity Fair. “No, she is really down-to-earth and cool. So it’s not an issue at all.”
Malia Obama isn’t the first celebrity who made the decision to ditch their family name. Other celebs have done that before, including Nicolas Cage, who changed his last name from Coppola, and Angelina Jolie, who dropped her surname, Voight.
For her directorial debut, Malia looked cozy, with minimal makeup, her curly hair down with small braids scattered throughout.
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