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Mint
30 minutes ago
- Mint
South Park takes aim at Trump in Season 27 premiere after $1.5B Paramount deal
After a two-year hiatus, South Park returned with a vengeance on July 23, launching its 27th season with a blistering premiere that lampoons Donald Trump, mocks its own network Paramount. The debut episode, titled 'Sermon on the Mount,' opens with an audacious image—Donald Trump in bed with series regular Satan. But the satire doesn't stop there. Using a hyper-realistic deepfake animation and actual images of Trump's face on an animated body. From repeated jokes about the size of Trump's genitalia to a surreal desert sequence with a fully naked Trump, the creators Trey Parker and Matt Stone go all in. The show also references Trump's lawsuit against Paramount, his hostility toward NPR, and the cancellation of The Late Show with Stephen Colbert, suggesting media censorship and political vendettas at play. In an unusually self-referential move, South Park also turns its fire on its new corporate parent. Just a day earlier, creators Parker and Stone inked a massive $1.5 billion deal with Paramount Global, securing 50 new episodes across five years and exclusive streaming rights to all prior seasons on Paramount+. The episode parodies Trump's real-life $10 billion lawsuit against Paramount over a 2024 60 Minutes interview with Kamala Harris, portraying a fictional version in which Trump sues the town of South Park for $5 billion after they criticize his presidency. The town ultimately settles for $3.5 million—an apparent jab at Paramount's own $16 million settlement with Trump. Cartman, one of the show's main characters, is devastated to learn that NPR—his favorite liberal-bashing radio show—has been canceled by Trump. Meanwhile, Trump is seen hanging nude portraits of himself in the White House and launching crude tirades against Canada. In a particularly pointed exchange, Trump confuses Iraq and Iran during a tense exchange with the Canadian Prime Minister, quipping, 'Iran, Iraq, what the hell's the difference? Relax guy!'


Economic Times
38 minutes ago
- Economic Times
'We'll pay $200M': Columbia announces deal with Trump to settle dispute over anti-Semitism claims
Columbia University announced that it would pay over $200 million to the US government as part of a sweeping settlement made public on July 23. The agreement came after months of tension with the Trump administration, which had accused the university of failing to adequately address antisemitism during pro-Palestinian campus protests related to the war in Gaza. In March, the administration had penalised Columbia by cancelling $400 million in federal funding, claiming that its response to alleged harassment of Jewish and Israeli community members was insufficient. Show more 04:42 09:15 02:58 11:31 05:26 06:32 01:57 01:33 08:30 08:43 10:20 03:00 11:07 20:30 11:01 11:25 03:25 08:28 08:56 08:04 10:33 11:16 03:03 03:30 03:58 09:19 01:27 06:39


Time of India
an hour ago
- Time of India
Tesla drops 9% after earnings miss — Elon Musk loses $12 billion amid historic revenue decline
Tesla Stock Drops Sharply After Q2 Earnings Disappoint - Tesla shares dropped nearly 9% on Wednesday after the electric vehicle giant released its second-quarter earnings report, which showed a 12% year-over-year revenue decline—its steepest drop in over a decade. The company reported $22.5 billion in revenue, missing Wall Street expectations and raising concerns about the company's short-term growth outlook. This unexpected earnings miss sent ripples through the market, with Tesla's stock value plummeting and investors re-evaluating the company's near-term strategy. Explore courses from Top Institutes in Please select course: Select a Course Category MBA Cybersecurity PGDM Technology Project Management MCA Others Design Thinking Leadership Healthcare CXO Public Policy Operations Management Data Analytics Finance Degree Data Science Digital Marketing Data Science Product Management healthcare Management others Artificial Intelligence Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Current price: $302.17, down ~9% from yesterday's $332.56 close Day's range: $301.34 – $314.52 Trading volume: ~82.9 million shares Open price: $309.75 Elon Musk's Net Worth Drops by $12 Billion in a Day As Tesla's shares took a nosedive, CEO Elon Musk's personal wealth dropped by approximately $12 billion, making it one of the sharpest single-day losses for the billionaire this year. Musk, who holds a large portion of his wealth in Tesla stock, has seen growing volatility in his net worth as the company faces multiple challenges—ranging from slowing demand to regulatory hurdles and intensifying competition. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Key Financial Highlights from Tesla Q2 2025 Earnings Revenue : $22.5 billion, down 12% YoY Net Income : Estimated at $1.2–1.4 billion (down 16–23%) Earnings Per Share (EPS) : $0.40, below analyst estimates Regulatory Credits : $439 million, nearly half of last year's $890 million Free Cash Flow : Turned negative this quarter Margins : Compressed due to increased pricing pressure and production costs Tesla also reported a sharp drop in vehicle deliveries, particularly in Europe, where deliveries were down 47%. The global delivery count also declined by approximately 13–14%, further compounding investor worries. Elon Musk Warns of 'Rough Quarters' Ahead During the earnings call, Elon Musk warned shareholders that Tesla could face 'a few rough quarters' as the company navigates a challenging global environment. Contributing factors include: Live Events The expiration of U.S. EV tax credits in Q3 Rising tariffs on EV imports/exports Increased price competition from Chinese automakers like BYD Falling revenue from regulatory credits Despite these setbacks, Musk remained optimistic about Tesla's long-term potential, emphasizing investments in AI, robotics, and autonomous technology. What's Hurting Tesla's Growth in 2025? Tesla's revenue decline reflects deeper challenges facing the electric vehicle market in 2025: Demand for EVs is softening in key regions like the U.S. and Europe. Interest rates remain high, dampening auto sales across the board. Cheaper EVs from China are flooding the global market, squeezing Tesla's margins. Tesla has yet to deliver its promised affordable EV model, expected in late 2025. The company is also grappling with increased scrutiny over its Full Self-Driving (FSD) software and delays in mass production of its Optimus robot and robotaxi fleet. Tesla's New Focus: Robotaxis and AI Despite poor financial performance, Tesla is doubling down on innovation. Musk highlighted progress in: Robotaxi trials in Austin, with plans to expand in Florida, Nevada, and California. Advancements in the Optimus humanoid robot, which Musk believes could eventually surpass Tesla's car business in value. The upcoming affordable EV model, expected to enter production by late 2025 or early 2026. Musk continues to push the narrative that Tesla is more than a car company—it's a technology and robotics company with AI at its core. Tesla Stock Outlook: Should Investors Be Worried? Following the earnings report, many analysts revised their short-term outlook on Tesla. Some noted that while the company's fundamentals remain strong in areas like innovation and battery tech, short-term earnings pressure is unavoidable. Key risks for investors include: Persistent margin pressure Delays in launching the next-gen EV Macroeconomic headwinds Competition from legacy automakers and startups However, Tesla bulls argue that long-term bets on autonomy and robotics could pay off if the company executes well. Tesla Stock Performance Today (July 24, 2025) Current Price: $302.17 Price Change: Down by $30.39 (Approx. -9%) Previous Close: $332.56 Opening Price: $309.75 Day's High: $314.52 Day's Low: $301.34 Trading Volume: Over 82.9 million shares Market Sentiment: Negative due to earnings miss and profit drop What's Next for Tesla? Tesla is betting big on its future, and the next few quarters will be pivotal. Key developments to watch include: Official launch of the robotaxi program Production timeline for the low-cost EV model Updates on FSD v12 rollout and regulatory approvals Progress in Optimus robot testing and deployment Despite the current downturn, Tesla's bold vision keeps it in the spotlight as a key player in shaping the future of mobility and automation. Tesla's 9% stock plunge and $12 billion hit to Elon Musk's wealth underline the seriousness of the challenges the company is facing in 2025. With revenue sliding, deliveries falling, and margins squeezed, Tesla is at a crossroads. But with innovation in AI, robotics, and autonomy still in motion, the next chapter for Tesla could be as disruptive as its first. FAQs: Q1: Why did Tesla stock crash after Q2 2025 earnings? Tesla stock fell 9% due to weak revenue, lower profits, and declining EV sales. Q2: How much did Elon Musk lose after Tesla's earnings report? Elon Musk lost $12 billion after Tesla's stock drop.