As the auto industry produces more electric vehicles (EVs) than there are consumers in an effort to remain competitive with Tesla, unsold EVs are accumulating on dealer lots. Due to large stocks of EVs that no one wants to buy, luxury businesses in particular are having trouble.

According to research by Axios, despite the fact that customers may be expressing increased interest in electric vehicles (EVs), the widening gap between supply and demand implies that they are still hesitant to purchase one due to worries about the cost or charging.

When describing the situation, Jonathan Gregory, senior manager of economic and industry analysis at Cox Automotive, compared it to the famous line from the 1989 movie Field of Dreams, “If you build it, they will come.” Companies have created their electric cars in the automotive industry and are currently waiting for consumers, according to Gregory.

51 percent of buyers are now contemplating choosing a new or used EV, a rise from 38 percent in 2021, according to a poll by Cox Automotive.

The countrywide supply of EVs in stock has climbed by about 350 percent this year reaching more than 92,000 units, translating to a 92-day supply, according to Axios. However, sales are not keeping up with the increasing output. Tesla, which does business directly with customers, is not represented in this data.

Dealer inventories of gasoline-powered automobiles are only sufficient for 54 days. There is often a 70-day supply.

Luxury companies appear to be having difficulties, as seen by the fact that their EV inventories are significantly larger than those of other brands. According to data by Cox Automotive, the Korean luxury company Genesis, for instance, sold only 18 of its almost $82,000 G80 EVs in the 30 days before June 29 and had 210 on hand nationally, equating to a 350-day supply.

Other luxury manufacturers, such as the GMC Hummer EV SUV along with the Q4 and Q8 e-trons from Audi, have sizable inventories that are far above 100 days. A premium EV’s high price tag is already hurt by the fact that these cars frequently do not qualify for federal tax subsidies.

Recently, Elon Musk’s Twitter was visited by the CEO of Cloudflare, a crucial provider of internet infrastructure, who noted that the site’s traffic is “tanking.” The alleged decline in Twitter traffic coincides with Threads, Mark Zuckerberg’s Twitter clone, seeing rapid growth. Within a week after its debut, Facebook’s new text-based platform had over 100 million sign-ups, signaling a rise in popularity.

According to CNBC, customers quickly adopted Facebook’s (now referred to as Meta’s) text-based platform, Threads. After a week of its debut, the Twitter clone had racked up over 100 million sign-ups. Its effective introduction, according to some industry observers, has led to a decline in Twitter’s traffic as a result of its quick development.

Web infrastructure tycoon Cloudflare’s CEO Matthew Prince used Musk’s platform to highlight a decline in traffic. Tweeted by Prince: “Twitter traffic tanking.”

In a recent analysis on Threads, online analytics company Similarweb also found a decline in Twitter traffic:

“Web traffic to twitter.com was 5% lower this week, the first whole days that Threads was broadly available, compared to the same days the week before. In contrast to July 6 and 7, 2022, it dropped 11% year over year. Even without Threads, Twitter traffic has generally decreased; in June, it was down 4% from the previous year.”

“Twitter user retention has also decreased, which is a terrible indicator for app user fidelity. After 30 days, fewer new Android users are still frequently using the Twitter app, with the percentage falling from 19% in May 2022 to 16% in May 2023. The loyalty among new Instagram users, though, has remained stable at around 40%.”

Launched on July 5, 2023, Threads is connected to Instagram and was created as a “sanely run” and heavily restricted alternative to Twitter.

In a message on the new website, Mark Zuckerberg wrote: “Threads topped 100 million sign-ups over the past few days. That is primarily a result of natural demand, and we have not even activated many promos. I can’t believe only five days have passed.”

Threads’ connection with Instagram, another social media network owned by Facebook, is one reason for its popularity. Users may sign up for Threads using their current Instagram names thanks to this clever strategy, which enables them to keep some of their followers when more users download the program. The platform’s explosive user growth has likely been aided by this smooth transition.

The introduction of Threads, however, has generated debate. Twitter’s owner, Elon Musk, has expressed reservations about the new system. Accusing Facebook of “unlawful misappropriation” of trade secrets in a letter to the social media giant, Musk’s longtime attorney Alex Spiro hinted at an impending legal dispute between the two internet titans.

IRS Commissioner Daniel Werfel acknowledged the rights of agency whistleblowers to bring confidential disclosures before Congress following accusations by Hunter Biden’s counsel on recent IRS whistleblowers’ charges.

In June, Abbe Lowell, Hunter Biden’s attorney, who defends high-profile persons caught in political controversies, issued a letter to GOP investigators that challenged the credibility of IRS whistleblower charges regarding the Dept. of Justice’s (DOJ) inquiry into Hunter Biden.

Lowell said IRS whistleblower transcripts collected by Jason Smith (R-MO) Chair of the House Ways and Means Committee were “feeding the disinformation campaign designed to harm the client that we represent … as an instrument to target his father.”

“Your attempt to shield the agents of the IRS was a clear effort to give cover for people with a bias along with an axe with which to grind so deep as well as sharp as to have permitted them to avoid being questioned for their own actions under oath,” he continued.

As stated in IRS Commissioner Werfel’s memos, IRS personnel are “encouraged” to engage in blowing the whistle. “As staff members, you are the initial line of defense for pointing out problems that cause concerns, and I also want it to be highly clear that we are always going to encourage a ‘see something, speak something’ philosophy,” he noted:

And in the case that you decide that the appropriate course of action isn’t to raise problems up your IRS level of command, but to raise the matter with a third-party authority, there is plenty of alternative methods for expressing concerns, which include but are not limited to:

• Appropriate Oversight Committees of the United States Congress
• Treasury Inspector General for Tax Admin. (TIGTA)
• U.S. Office of Special Counsel (OSC)
• U.S. Dept. of Justice Office of Inspector General

“Employees have questioned us about the best course of action for reporting a problem that potentially involves taxpayer information covered by Section 6103 of the Internal Revenue Code or information covered by Federal Rule of Criminal Procedure 6(e).”

They claim, among other things, that Assistant U.S. Attorney Lesley Wolf refused to let investigators inquire about Joe Biden having been “the big guy,” that the DOJ twice stopped U.S. Attorney David Weiss from filing more serious charges toward Hunter Biden, that Attorney General Merrick Garland declined to appoint a special counsel in the tax inquiry, which might have delivered a buffer between Joe Biden and his DOJ, and that the Internal Revenue Service (IRS) urged charges aimed at Hunter Biden but was not approved by Garland.

President Joe Biden is engaging in “politics” by attempting to prolong the student loan moratorium through November 2024 in the wake of his most recent Supreme Court defeat, according to Heritage Foundation economist EJ Antoni, who was quoted by Breitbart News Daily.

After the Supreme Court rejected President Joe Biden’s debt transfer proposal, stopping a $430 billion write-off that had been criticized as an electoral gimmick, Antoni talked with Matthew Boyle, host of the Breitbart News Daily.

In an opinion piece, Antoni stated:

“The Supreme Court’s decision to overturn President Joe Biden’s unlawful student debt bailout is good news for taxpaying citizens. The court protected America from not just a substantial charge on the government balance sheet right now but also from excessive borrowing and future increases in tuition expenses.”

“Biden’s idea for student loan amnesty was an abuse of the HEROES Act of 2003 and would have cost taxpayers up to $20,000 for each borrower. Even debtors with relatively high earnings were eligible for the freebie; families making $250,000 yearly qualified for up to $40,000 in ‘forgiveness’—an euphemism for a public bailout—and were thus granted a break.”

“The precise cost of such a rescue would have exceeded the $380 billion White House estimate, according to some estimates. Because a taxpayer-funded rescue of student loan debt would have generated incentives that in turn changed people’s behavior, there is a discrepancy between these estimations.”

Boyle and Antoni talked about how the student loan “forgiveness” program, which is really a debt transfer or taxpayer bailout, according to Antoni, will only drive up college tuition costs. However, Antoni cautioned that the Biden administration will use additional tactics to prolong the student loan pause, which is soon to come to an end.

He declared, “Under Joe Biden, many students have never made a single payment on their student loans since the moratorium has been in effect the entire time. Additionally, the Biden administration has now introduced an on-ramp program, which is as misleadingly named as the Inflation Reduction Act. Essentially, under this program, even if an account defaults starting in October when payments are supposed to resume, the Dept. of Education won’t classify the account as defaulting for a whole year.”

“In other words, at what point would they become insolvent? November 2024. In other words, you would essentially have that payment suspension continue through the election, after which it would suddenly resume. I’m sorry, but the cynic in me thinks politics are at work here,” he continued.

The North American Charging Standard (NACS), developed by Tesla, is now required in all-electric vehicle (EV) charging stations that receive state money, with Kentucky being the first state to impose this requirement. Elon Musk, the owner of Tesla, has achieved a big win with the mandate.

According to Reuters, Kentucky has become the first state to mandate that Tesla’s charging connector, also known as the North American Charging Standard (NACS), be used at EV charging stations. Companies must comply with this new condition in order to participate in a state-funded initiative to electrify roadways.

The rule is an addendum to government specifications for the competing charging standard, the Combined Charging System (CCS). The adoption of Tesla’s charging technology by Ford Motor is considered a recent success for the company, which is the leading manufacturer of electric vehicles in the United States.

“SAE CCS 1 connectors are required for each port.” The state’s request for proposal materials for the EV charging program said that “each port shall also be designed for connecting to as well as charging vehicles which have charging ports compatible with the North American Charging Standard (NACS)”.

But not everyone approves of this fashion. Manufacturers and operators of EV chargers have spoken out against Texas’ proposal to require the use of the technology developed by Tesla at charging stations. The action, they claim, is “premature,” and “time will be required to properly standardize, test, as well as verify the safety along with interoperability of Tesla connectors throughout the industry.”

The US Dept. of Transportation has previously indicated that charging firms must provide CCS outlets in order to qualify for federal funds intended to install 500,000 EV chargers by 2030. The law does, however, permit the use of different connectors as long as they adhere to the CCS, a national standard. Due to the rule’s flexibility, states such as Kentucky are able to include Tesla’s NACS in their plans for charging infrastructure.

Highway motorists who make the dubious decision to buy an EV need to have a lot of charging options accessible to them. An owner of a Nissan Leaf EV’s misery while attempting to cross state lines was covered by Breitbart News last year.

“A driver of an electric vehicle (EV) who frequently travels between Cheyenne and Casper in Wyoming stated that his very first 178-mile trip took an incredible 15 hours for him to complete in his Nissan Leaf.”

“It was incredibly challenging. For instance, Alan O’Hashi informed Cowboy State Daily that the trip took 15 hours for him to travel from Cheyenne to Casper, noting that this specific journey wasn’t made at the start of the electric vehicle period. It occurred in May 2022.”

“O’Hashi was able to finish the road journey in around 11 hours after a month had passed. To put that into perspective, a 178-mile drive in a gasoline-powered car should require less than 2.5 hours if you travel at the speed limit.”

According to the most recent Convention of States Action/Trafalgar Group poll, seven out of ten Americans feel that the United States is experiencing “cultural and economic decline.”

The majority of respondents, or 72.5 percent, agreed that the United States is in a condition of “cultural and economic decline” according to the study. Another 21.6 disagree, while 5.9 percent are still unclear.

The majority of people — 91.7 percent of the Republicans, 71.5 percent of the independents, and 50.7 percent of the Democrats — feel that the United States is in a condition of cultural and economic decline, which is an interesting example of bipartisan agreement.

Most respondents across the board, 80.6 percent, indicated that “everyday Americans” are best suited to stop this downward trend, compared to 19.4 percent who indicated “elected officials.”

Bipartisan agreement may be shown once more as 72.1 percent of the Democrats, 80.7 percent of the Republicans, and 87.5 percent of the independents concur that “everyday Americans” are best able to slow and reverse the decrease.

The poll has a +/- 2.9 percent margin of error and was conducted June 5–9 between 1,088 general election respondents.

The survey was issued around the close of what society has designated as “pride month,” which brought to light the general state of cultural decline and saw awakened businesses putting leftist agenda issues at the center of their operations.

Since President Biden assumed office, economic deterioration has been a major concern for Americans as a result of the nation’s high inflation rate and historically high gas costs.

According to the most recent The Economist/YouGov poll, the majority (52 percent) are unhappy with how Biden is handling the economy.