Tesla, GM, Ford Slow Electric Vehicle Production Amid Economic Uncertainty and Demand Concerns

Tesla joins GM and Ford in slowing down EV production expansion due to economic uncertainty and demand concerns.

Tesla CEO Elon Musk said high interest rates are preventing potential customers from affording vehicles despite price cuts.

GM delayed electric pickup production by a year at one plant, while Ford cut shifts for F-150 Lightning production.

EV startups like Lucid and Rivian reported slower than expected growth, raising worries about EV demand.

Automakers have invested billions in EVs, but slowing demand and supply chain issues are challenging the ramp-up.