Automaker Suffers Major Losses of Billions Due to Electric Vehicle Investments in 2023.

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.”

I Snatched My Tip Back Because of the Waiter’s Nasty Attitude

Amelia (30F) shared a recent dining experience that highlights the complexities of tipping and customer service. She and her husband (30M) went to a restaurant to celebrate his promotion, and everything went well until the end.

When the check arrived, Amelia left a $10 tip on an $85 bill. The waitress picked up the money and sneered, “Ten bucks? This isn’t the 1950s anymore, you know.” Amelia was stunned by her condescending tone. “I think 10 bucks on an $85 bill is more than fair,” she responded.The waitress rolled her eyes and retorted, “It’s a standard 20% tip these days, cheapskate. Do you not know how to calculate that?” Amelia, now angry, replied, “With that kind of nasty attitude, you don’t deserve a tip at all!” She then took back the $10 bill.The situation escalated as the waitress began loudly berating Amelia, causing a scene. The manager had to remove the waitress, and Amelia and her husband left without leaving a tip. Amelia admits she might have overreacted but feels the waitress’s behavior was unacceptable.Amelia shared her thoughts, “That $10 was over 11%, which is a decent tip by any measure. Her entitlement really rubbed me the wrong way.” The waitress’s public confrontation left the couple embarrassed and upset, overshadowing their celebratory evening.This incident raises important questions about tipping etiquette and handling conflict in service situations. Should Amelia have maintained her composure, or was her reaction justified given the waitress’s attitude? The debate continues as others weigh in on how to navigate such situations without escalating the conflict.

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