Tesla shares sink as Musk says it could face some 'rough quarters' ahead

NEW YORK (AP) – Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars.

Trump offers support to Musk's car company in a surprising post

NEW YORK (AP) – President Donald Trump took to social media Thursday morning to support Elon Musk’s car company, a startling development given their bitter public feud. “I want Elon, and all businesses within our Country, to THRIVE,” Trump wrote on Truth Social.

Editorials from The New York Times, Wall Street Journal, Washington Post, and others

Excerpts from recent editorials in the United States and abroad:

Mike Lindell celebrates victory after appeals court voids $5M award

MINNEAPOLIS (AP) – A federal appeals court handed a victory Wednesday to Mike Lindell, ruling that the MyPillow founder doesn’t have to pay a $5 million award to a software engineer who disputed data that Lindell claims proves that China interfered in the 2020 U.S. presidential election.

Settlement reached in investors' lawsuit against Meta CEO Mark Zuckerberg

WILMINGTON, Del. (AP) – A settlement was announced Thursday in court in a class action investors’ lawsuit against Meta CEO Mark Zuckerberg and current and former company leaders over claims stemming from the privacy scandal involving the Cambridge Analytica political consulting firm.

UK regulator seeks special status for Apple and Google

LONDON (AP) – Britain’s antitrust watchdog has proposed labeling Google’s and Apple’s mobile ecosystems with “strategic market status,” which would mandate changes at the Big Tech companies to improve competition.

GM hit with $1.1 Billion of Tariffs in Q2

General Motors’ profit declined 35% in its second-quarter but the automaker easily topped expectations and stuck by its full-year financial outlook that it lowered in May. CEO Mary Barra said in a letter to shareholders Tuesday that GM is attempting to “greatly reduce our tariff exposure”.

Los Angeles Times newspaper will become public this year

LOS ANGELES (AP) – Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, said this week that he intends to take the newspaper public in the coming year.