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close video Elon Musk: Inflation’s going to happen no matter what

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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Science

NASA’s Hubble and Webb Discover Bursting Star Formation in Small Magellanic Cloud

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July 12, 2025

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NASA’s Hubble and Webb Discover Bursting Star Formation in Small Magellanic Cloud

Scientists from NASA observed the bursting expansion of gas, stars, and dust from the glittering territory of the dual star clusters using Hubble and Webb space telescopes. NGC 460 and NGC 456 stay in the Small Magellanic Cloud, which are open clusters, with dwarf galaxies and orbit the Milky Way. These clusters are part of the extensive star complex clusters and nebulae that are most likely to be linked to each other. Stars are born upon the collapse of clouds.

Hubble and Webb Reveal Explosive Star Births in Small Magellanic Cloud

As per a report from NASA, the open clusters are from anywhere from a few dozen to many young stars, which are loosely bound by gravity. The images captured by Hubble capture the glowing and ionised gas, which comes from stellar radiation and blows bubbles in the form of gas and dust, which is blue in colour. The infrared of Webb shows the clumps and delicate filament-like structures and dust, which is red in colour.

NGC 460 and NGC 456: A Window into Early Universe Star Formation

Hubble shows the images of dust in the form of a silhouette against the blocking light; however, in the images of Webb, the dust is warmed by starlight and glows with infrared waves. The blend of gas and dust between the stars of the universe is called the interstellar medium. The region holding these clusters is known as the N83-84-85 complex and is home to multiple, rare O-type stars. These are hot and extremely massive stars that burn hydrogen like the Sun.

Such a state mimics the condition in the early universe; therefore, the Small Magellanic Cloud gives a nearby lab to find out the theories regarding star formation and the interstellar medium of the cosmos’s early stage.

With these observations, the researchers tend to study the gas flow from convergence to divergence, which helps in refining the difference between the Small Magellanic Cloud and its dwarf galaxy, and the Large Magellanic Cloud. Further, it helps in knowing the interstellar medium and gravitational interactions between the galaxies.

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Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report

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July 12, 2025

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Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report

Binance’s CZ threatens to sue Bloomberg over Trump stablecoin report

Binance co-founder CZ has dismissed a Bloomberg report linking him to the Trump-backed USD1 stablecoin, threatening legal action over alleged defamation.

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Science

New Interstellar Object 3I/ATLAS Could Reveal Secrets of Distant Worlds

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July 12, 2025

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New Interstellar Object 3I/ATLAS Could Reveal Secrets of Distant Worlds

The entry of a third known object into our solar system has been confirmed on July 1, 2025 by the astronomers. This object is named 3I/ATLAS, where 3I stands for “Third Interstellar”, having a highly hyperbolic (eccentricity ≈ 6.2) orbit, confirming it is not bound to the Sun but is a true interstellar visitor. Only two such visitors, 1I/ʻOumuamua (2017) and 2I/Borisov (2019), had been seen before. Notably, 3I/ATLAS appears to be the largest and brightest interstellar wanderer yet discovered.

Comparison with previous interstellars

According to NASA, astronomers from the ATLAS survey first spotted the object on July 1, 2025, using a telescope in Chile. It immediately drew attention for its unusual motion. Shortly after discovery, observers saw a faint coma and tail, leading to its classification as comet C/2025 N1 (ATLAS).

This comet-like appearance is shared with 2I/Borisov, the second interstellar visitor. Global observatories now track 3I/ATLAS. It poses no threat but offers a rare opportunity to study alien material. Since 1I/ʻOumuamua was observed only as it was leaving the solar system, it was difficult for astronomers to get enough data on it to confirm its exact nature — hence the crazy theories about it being an alien spaceship — though it’s almost certainly an asteroid or a comet.

Size and Significance

3I/ATLAS is much larger and brighter than earlier interstellar visitors. It is about 15 kilometers (km) [9 miles] in diameter, with huge uncertainty, compared to 100m for 1I/’Oumuamua and less than 1km for 2I/Borisov. This brightness and size makes it a a better target for study. Astronomers are planning to analyze its light for chemical signatures from its home system to get clues about the formation of distant planetary systems.

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Further reading:
3I/ATLAS, interstellar object, Oumuamua, Borisov, astronomy, ATLAS survey, comet, hyperbolic orbit, solar system, NASA, space science, alien worlds, planetary formation, James Webb Telescope

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Apple Maps in iOS 26 Beta Version Come With An Upgraded Search Feature: Report

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