Tesla faces ‘rough quarters’ as sales plunge

Tesla faces ‘rough quarters’ as sales plunge

Patrick Pleul/Reuters Tesla CEO Elon Musk said on Wednesday that US government cuts in support for electric vehicle makers could lead to a “few rough quarters” for the company before a wave of revenue from self-driving software and services begins late next year. Shares fell nearly 5% after Musk responded on a quarterly results conference…

Read More
Kenyan activist faces terrorism charges over protests

Kenyan activist faces terrorism charges over protests

Prominent Kenyan activist Boniface Mwangi is due in court on accusations of “facilitation of terrorist acts” during last month’s deadly anti-government protests in which at least 19 people died. On Sunday, investigators said they had seized phones, a laptop, and notebooks from Mr Mwangi’s Lukenya home on the outskirts of the capital, Nairobi, and hard…

Read More
Samsung’s bet on folding phones faces major test

Samsung’s bet on folding phones faces major test

Image: Reuters Samsung Electronics on Wednesday evening unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by archrival Apple. The stakes are high. The South Korean company lost its global smartphone crown to Apple in 2023, and faces growing competition from Chinese…

Read More
Home affairs faces backlash over ID database fee surge

Home affairs faces backlash over ID database fee surge

The Association of Comms & Technology (ACT) has challenged a move by the department of home affairs to increase the price businesses pay to access the national identity system for verifications by 150% – allegedly without proper consultation. The Home Affairs National Information System (Hanis) and its replacement, the Automated Biometric Identity System (Abis), are…

Read More