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Twitter CEO Elon Musk shared his business perspective on inflation and the emerging banking crisis on ‘Tucker Carlson Tonight.’

Tesla has cut prices on some of its electric vehicles for the second time this month and the sixth time this year.

Tesla cut the prices of the Model Y 'long range' and 'performance' vehicles by $3000 each and the Model 3 with rear-wheel drive by $2000 to $39,990.

So far this year, the Elon Musk-led company has cut U.S. prices of its base Model 3 by 11% and that of its base Model Y by 20%.

The move comes as tougher standards will be introduced that will limit EV tax credits.

TESLA CUTS PRICES IN THE US AGAIN TO SPUR DEMAND

A Tesla Model 3 sedans and Tesla Model X sport utility vehicle at a new Tesla showroom. (REUTERS/Yilei Sun / Reuters Photos)

Earlier in April, the Model S sedan's starting price was reduced to $84,990, a $5,000 cut from the prior month's price. 

The Model X starting at $94,990 was cut by $5,000.

The company has been trying to increase interest with price cuts in Europe, Israel and Singapore as well as in Japan, Australia and South Korea.

NEW JERSEY PAUSES EV REBATES AS DEMAND SURGES

A Tesla Model 3 is seen in a showroom in Los Angeles, California. (REUTERS/Lucy Nicholson / Reuters Photos)

Tesla has also expanded a discount drive it started in China in January.

Investors will be looking at how this year's price cuts have affected the bottom line as reports for the first quarter are released on Wednesday.

Tesla has reported a 4% sequential rise in deliveries in the first quarter, much less than the 17.8% sequential rise in the prior quarter.

ELON MUSK: NO ‘MAGICAL CURE FOR INFLATION’

Tesla CEO Elon Musk alongside the electric automakers logo. (Getty Images/AP / Getty Images)

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Analysts are expecting Tesla to report a 24.2% year-on-year increase in first-quarter revenue to $23.29 billion, with the average profit estimate falling by about 2.4%, according to Refinitiv data.Ticker Security Last Change Change % TSLA TESLA INC. 184.31 -2.73 -1.46%

Through Tuesday, Tesla shares have gained nearly 50% this year.

Reuters contributed to this report.

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Post Office scandal: Daughter has had ‘panic attacks’ since mum was accused of stealing

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Post Office scandal: Daughter has had 'panic attacks' since mum was accused of stealing

The daughter of a Post Office victim has told Sky News she suffered “dark thoughts of suicide” in the years after her mother was accused of stealing.

Kate Burrows was 14 years old when her mother, Elaine Hood, was prosecuted and subsequently convicted in 2003.

The first public inquiry report on the Post Office – examining redress and the “human impact” of the scandal – is due to be published today.

“I’ve suffered with panic attacks from about 14, 15 years old, and I still have them to this day,” Kate said.

“I’ve been in and out of therapy for what feels like most of my adult life and it absolutely categorically goes back to [what happened].”

Kate and Rebecca with their mother, Elaine
Image:
Kate and Rebecca with their mother, Elaine

Kate, along with others, helped set up the charity Lost Chances, supporting the children of Post Office victims. She hopes the inquiry will recognise their suffering.

“It’s important that our voices are heard,” she said. “Not only within the report, but in law actually.

More on Post Office Scandal

“And then maybe that would be a deterrent for any future cover-ups, that it’s not just the one person it’s the whole family [affected].”

Her sister, Rebecca Richards, who was 18 when their mother was accused, described how an eating disorder “escalated” after what happened.

“When my mum was going through everything, my only control of that situation was what food I put in my body,” she said.

Elaine Hood with her husband
Image:
Elaine with her husband

She also said that seeing her mother at court when she was convicted, would “stay with me forever”.

“The two investigators were sat in front of my dad and I, sniggering and saying ‘we’ve got this one’.

“To watch my mum in the docks handcuffed to a guard… not knowing if she was going to be coming home… that is the most standout memory for me.”

The sisters are hoping the inquiry findings will push Fujitsu into fulfilling a promise they made nearly a year ago – to try and help the children of victims.

Rebecca Richards and Kate Burrows
Image:
The siblings were teenagers when their mum was unfairly prosecuted

Last summer, Kate met with the European boss of the company, Paul Patterson, who said he would look at ways they could support Lost Chances.

Despite appearing at the inquiry in November last year and saying he would not “stay silent” on the issue, Kate said there has been little movement in terms of support.

“It’s very much a line of ‘we’re going to wait until the end of the inquiry report to decide’,” she said.

“But Mr Patterson met us in person, looked us in the eye, and we shared the most deeply personal stories and he said we will do something… they need to make a difference.”

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2024: Paula Vennells breaks down in tears

Fujitsu, who developed the faulty Horizon software, has said it is in discussions with the government regarding a contribution to compensation.

The inquiry will delve in detail into redress schemes, of which four exist, three controlled by the government and one by the Post Office.

Victims of the scandal say they are hoping Sir Wyn Williams, chair of the inquiry, will recommend that the government and the Post Office are removed from the redress schemes as thousands still wait for full and fair redress.

A Department for Business and Trade spokesperson said they were “grateful” for the inquiry’s work, describing “the immeasurable suffering” victims endured and saying the government has “quadrupled the total amount paid to affected postmasters”, with more than £1bn having now been paid to thousands of claimants.

Anyone feeling emotionally distressed or suicidal can call Samaritans for help on 116 123 or email jo@samaritans.org in the UK. In the US, call the Samaritans branch in your area or 1 (800) 273-TALK

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Post Office scandal: Daughter has had ‘panic attacks’ since mum was accused of stealing

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Post Office scandal: Daughter has had 'panic attacks' since mum was accused of stealing

The daughter of a Post Office victim has told Sky News she suffered “dark thoughts of suicide” in the years after her mother was accused of stealing.

Kate Burrows was 14 years old when her mother, Elaine Hood, was prosecuted and subsequently convicted in 2003.

The first public inquiry report on the Post Office – examining redress and the “human impact” of the scandal – is due to be published today.

“I’ve suffered with panic attacks from about 14, 15 years old, and I still have them to this day,” Kate said.

“I’ve been in and out of therapy for what feels like most of my adult life and it absolutely categorically goes back to [what happened].”

Kate and Rebecca with their mother, Elaine
Image:
Kate and Rebecca with their mother, Elaine

Kate, along with others, helped set up the charity Lost Chances, supporting the children of Post Office victims. She hopes the inquiry will recognise their suffering.

“It’s important that our voices are heard,” she said. “Not only within the report, but in law actually.

More on Post Office Scandal

“And then maybe that would be a deterrent for any future cover-ups, that it’s not just the one person it’s the whole family [affected].”

Her sister, Rebecca Richards, who was 18 when their mother was accused, described how an eating disorder “escalated” after what happened.

“When my mum was going through everything, my only control of that situation was what food I put in my body,” she said.

Elaine Hood with her husband
Image:
Elaine with her husband

She also said that seeing her mother at court when she was convicted, would “stay with me forever”.

“The two investigators were sat in front of my dad and I, sniggering and saying ‘we’ve got this one’.

“To watch my mum in the docks handcuffed to a guard… not knowing if she was going to be coming home… that is the most standout memory for me.”

The sisters are hoping the inquiry findings will push Fujitsu into fulfilling a promise they made nearly a year ago – to try and help the children of victims.

Rebecca Richards and Kate Burrows
Image:
The siblings were teenagers when their mum was unfairly prosecuted

Last summer, Kate met with the European boss of the company, Paul Patterson, who said he would look at ways they could support Lost Chances.

Despite appearing at the inquiry in November last year and saying he would not “stay silent” on the issue, Kate said there has been little movement in terms of support.

“It’s very much a line of ‘we’re going to wait until the end of the inquiry report to decide’,” she said.

“But Mr Patterson met us in person, looked us in the eye, and we shared the most deeply personal stories and he said we will do something… they need to make a difference.”

Please use Chrome browser for a more accessible video player

2024: Paula Vennells breaks down in tears

Fujitsu, who developed the faulty Horizon software, has said it is in discussions with the government regarding a contribution to compensation.

The inquiry will delve in detail into redress schemes, of which four exist, three controlled by the government and one by the Post Office.

Victims of the scandal say they are hoping Sir Wyn Williams, chair of the inquiry, will recommend that the government and the Post Office are removed from the redress schemes as thousands still wait for full and fair redress.

A Department for Business and Trade spokesperson said they were “grateful” for the inquiry’s work, describing “the immeasurable suffering” victims endured and saying the government has “quadrupled the total amount paid to affected postmasters”, with more than £1bn having now been paid to thousands of claimants.

Anyone feeling emotionally distressed or suicidal can call Samaritans for help on 116 123 or email jo@samaritans.org in the UK. In the US, call the Samaritans branch in your area or 1 (800) 273-TALK

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Padres slugger Machado gets 2,000th career hit

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Padres slugger Machado gets 2,000th career hit

SAN DIEGO — Manny Machado of the San Diego Padres got his 2,000th career hit Monday night against the Arizona Diamondbacks with a sharp single off the glove of diving shortstop Geraldo Perdomo.

The milestone hit came off Arizona starter Zac Gallen leading off the fourth inning. Machado received a standing ovation from the crowd at Petco Park, where he has been a fan favorite since he joined the Padres as a free agent in 2019.

The All-Star slugger singled to left field in the first inning for his 1,999th hit and then hit a solo home run in the eighth for his 2,0001st hit. The three-hit performance wasn’t enough to lift San Diego, however, as it fell 6-3.

Machado became the fifth active player and 297th all time to reach the milestone. He is the 12th player to have 350 homers and 2,000 hits by his age-32 season or younger.

“Literally, hat’s off. It’s quite an accomplishment,” Padres manager Mike Shildt said after the loss on 97.3 The Fan. “To have done it, as soon as he’s done it in his career, speaks volumes. … I’m so happy for him. He’s earned it all.”

Machado made his debut with Baltimore in 2012 and had 977 hits with the Orioles before being traded to the Los Angeles Dodgers on July 18, 2018. He had 73 hits with the Dodgers before signing as a free agent with the Padres on Feb. 21, 2019.

He has 950 hits with the Padres, which ranks fifth on the franchise list. Hall of Famer Tony Gwynn had 3,141 in his 20-season career.

Machado was voted the starting third baseman for the National League All-Star team this season.

The Associated Press contributed to this story.

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