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.”
Taylor Swift Seen Struggling to Perform, and Fans Are «So Worried»
The show must go on, and so it did for Taylor Swift, who was seen having a hard time trying to keep it together during a concert. Footage of the singer struggling ended up on social media, which gave rise to a wave of comments showing concern for her well-being.
In a TikTok video, the 34-year-old singer was seen heavily coughing and clearing her throat multiple times while trying to perform one of her hit songs at a show in Singapore. The clip was followed by a caption that read, «Hope she’s okay, she’s been coughing.»
Fans quickly found the video and began expressing their worry for Swift’s health, who has been on a world tour comprised of 152 shows across five continents. «I was there and so worried about Taylor,» one user wrote, while another pointed out that «she needs some rest.»
People speculated that she has probably been affected by «the drastic weather changes in different regions» while touring, and praised her for keep going nevertheless and not canceling any concerts. «I can only imagine how exhausting it must be whilst on tour giving it 100% with every performance. She is incredible!»
Perhaps to fans’ peace of mind, Swift has a crucial policy in place to prevent her from getting sick during The Eras Tour, which is considered the highest-grossing tour of all time since it surpassed $1 billion in revenue.
Amid her extensive tour in Australia, it was noted that fan meet-and-greets were no longer offered to minimize her chances of falling ill. «When Taylor is on tour, strict measures are put into place to stop her interacting with anyone outside of her ‘bubble’. They can not risk her getting sick under any circumstances,» a source explained in an interview. «Even those in her bubble, including her dancers and managers, are restricted what they can do and where they can go during their downtime.»
Media outlets report that if Swift were to cancel even a single show during her tour, it’s estimated that it would result in significant financial losses amounting to millions of dollars and cause disruptions to the remaining tour schedule. The stakes are high, so one can never be too careful!
All celebrities have fans that keep a close eye on them and support them unconditionally. However, every coin has two sides and fame often brings along critics as well. Julia Roberts experienced that darker side after receiving a negative mass reaction to her birthday post in honor of her husband. People couldn’t stop bring up an unknown woman in the comments. Find out more here.
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