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…

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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…

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