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 policies. Tesla, General Motors, and Ford all have said they plan to sIow production essentially until the economy shows some signs of settling 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 eIectric 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 aIso 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 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 vehicIes. 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 fleet vehicles and hybrids.
Another terrible loss for the Bryant family, sending prayers
Joe “Jellybean” Bryant, the father of the late Basketball Hall of Famer Kobe Bryant, has died at the age of 69, La Salle University’s athletics department reported.
Citing La Salle men’s head basketball coach Fran Dunphy, The Philadelphia Inquirer wrote Joe had recently suffered a stoke. The exact cause of death hasn’t been confirmed yet.
La Salle University, where Joe played and coached, said in a statement that he “was a beloved member of the Explorer family and will be dearly missed.”
Just like his famous son, Joe was a renowned basketball player himself. Drafted by the Golden State Warriors as the 14th overall pick in the 1975 NBA draft, he played for the Philadelphia 76ers for four seasons, the then-San Diego Clippers for three seasons, and the Houston Rockets for one season. He also played in Europe.
The 76ers paid tribute to Joe, calling him “a local basketball icon, whose legacy on the court transcended his journey across Bartram High School, La Salle University, and his first four NBA seasons with the 76ers from 1975-79.”
Joe’s sudden passing comes four years after the tragic death of his son Kobe and his granddaughter Gianna, who were killed in a helicopter crash with seven other people.
Kobe’s widow, Vanessa Bryant, wrote on her Instagram story on Tuesday, “Sending our condolences upon hearing the news of my father-in-law’s passing.
“We hoped things would’ve been different. Although the times we spent together were few, he was always sweet and nice to be around. Kobe loved him very much.”
Former Kobe teammate Doug Young praised Joe as the ideal “role model.”
“Joe was our JV coach at Lower Merion and I could not have asked for a more positive mentor, teacher, and role model,” Young told ESPN. “It’s difficult to overstate how much he influenced me and my teammates. He made basketball fun and made us all want to be better; he believed in us. I’ll never forget his infectious smile, his bear hugs and the incredible bond he shared with Kobe. Growing up in Lower Merion, there was no family we loved and admired more than the Bryants, and that started with Joe.”
Arn Tellem, the vice chairman of the Pistons and formerly Kobe Bryant’s agent, expressed his sadness over the loss of Joe and joined the basketball community in mourning a true Philly hoops legend. “Our friendship opened the door for me to represent Kobe as he entered the NBA, a memory I’ll always cherish. Joe was a devoted husband, father and grandfather, whose warmth touched everyone he met.”
May he rest in peace.
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