10 metro Detroit coffee shops that welcome remote workers and their laptops
Here are 10 spots where it's perfectly acceptable to have a little screen time with a side of coffee. If you're looking for an unexpected place to park and work with a bite and a beverage, consider a hotel lobby.
Most Detroit area lodgings have in-house cafes and seating areas reserved for hotel guests and visitors to get comfy. Try The Siren Café, Bar Rotunda at the Book Tower, the lobby bar at The Godfrey Detroit and the lobby at the Hotel David Whitney.
Why some metro Detroit coffee shops are becoming 'no laptop' zones
In addition to free Wi-Fi at each Roast location — Birmingham Roast and Royal Oak Roast — there are meeting lounges and outdoor patios with Wi-Fi available for anyone interested in working on the premises. There are also healthy food options, such as oatmeal, overnight oats and yogurt parfaits, as well as wraps, salads, sandwiches and avocado toast.
Visit drinkroast.com for locations.
An unexpected combination, The Commons is part café, part laundromat. No worries if you don't have dirty laundry to bring with you, consider the hum of the washers and dryers in the backdrop a little white noise to keep you focused on your work at hand.
The Commons, 7900 Mack Ave., Detroit. 313-447-5060; thecommonsdetroit.com
There are four Dessert Oasis locations, from downtown Detroit to Ferndale, Rochester and Royal Oak — and on any given day, you're bound to see a host of remote workers at each location. As its name implies, there are desserts alongside the café's coffee offerings and late night hours mean you get to nosh and work after dark.
Visit docr.coffee for locations.
Sure, there's delicious coffee, an extensive menu of pastries, sandwiches and an array of bagels that nod to the coffee shop's first iteration as the Detroit Institute of Bagels. But a big draw at James Oliver is its parking lot! Free parking and free Wi-Fi make the space a go-to among remote workers. While you're there, check out the small section of crafts made by local makers. There are candles, kitchenware and bags of coffee for the days you work from your actual home. Stop into James Oliver's downtown location in the Guardian Building and soon, its newest spot in Wyandotte.
Visit jamesolivercoffee.com for locations.
Taking over the former Avalon on Canfield Street, Kitab Café offers a place to eat and drink as you work. In addition to interesting, dessert-y beverages like the Salted Caramel Oatmilk Draft on tap and a Cookie Butter latte, there's a wide menu of sandwiches. As an ode to Kitab's humble beginnings as a café and bookstore in Hamtramck, the Midtown location also offers a small selection of books.
Visit kitabcafe.com for locations.
In the heart of the Detroit Institute of Arts is Kresge Court, an atrium filled with tufted leather couches ideal for reading and high- and low-top tables and banquettes perfect for getting work done either in groups or solo. The museum offers free Wi-Fi and plenty of outlets for charging your device. Under a clear blue sky, the space is bright and airy and on Fridays, when the café is open until 8:30 p.m., enjoy a moody evening of work.
Located in Detroit Institute of Arts, 5200 Woodward Ave., Detroit. 313-833-7900; dia.org
A stone's throw from Eastern Market, La Ventana is a minimalist coffee shop fit for the creative crowd. Here, house, soul and R&B music blares through the speakers and pieces made by local artists hang on the walls. Your barista may even be your favorite DJ or singer. Pull out your laptop at a table, booth, bench or sit it on your lap from a cushion in the café's stadium seating area. You'll join fellow customers editing videos or taking virtual meetings. To drink, there's a small menu of coffee and tea, as well as daily quiches and burritos.
La Ventana, 1492 Gratiot Ave. Detroit. 313-212-3005; laventana.cafe
On Detroit's east side, the Black-owned Morningside Café beams with a bold mural and even more captivating coffee. Here, there's the usual: coffee, tea and baked goods, but there are also a few unexpected menu items, such as smoothies, martinis and pup cups — special treats for your dog. There's also a meeting room available for those working in groups if needed.
Morningside Café, 16369 E. Warren Ave. Ste. C, Detroit. 313-542-9604; coffeexvibes.com
With three locations in Detroit and one in Ferndale, The Red Hook offers a place to work that's convenient whether you live in the suburbs or the city. Each location has a different look and feel, but all welcome laptop use. The café also serves a range of pastries, with vegan offerings and even hard-boiled eggs. There are coffee and tea lattes, pour-overs and non-caffeinated beverages like golden milk and hot chocolate.
Visit theredhookcoffee.com for locations.
Brought to you by the owners of Kitab Café is Rosette Market and Café, a unique, multipurpose coffee shop and grocer in Corktown. Bring your laptop and get some work done among shelves stocked with produce and specialty goods and refrigerators stocked with rows of juices, sodas, milk and other beverages. Of course, grab a coffee and a Zingerman's pastry while you're there.
Rosette Market and Café, 1611 Michigan Ave., Detroit.
Become an insider: Sign up for our Eat Drink Freep newsletter!
This article originally appeared on Detroit Free Press: 11 Detroit-area cafés that welcome remote workers and their laptops
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
3 hours ago
- Business Insider
Tesla earnings report live updates: EV maker reports steepest revenue drop in a decade, stock swings after hours
The electric vehicle maker reported second quarter revenue of $22.5 billion, compared to expectations of $22.64 billion. The quarter marks Tesla's sharpest year-over-year decline in quarterly revenue in at least the last 10 years, with the slowdown adding to the troubles the company has already faced in 2025. Adjusted earnings per share, a key measure of profitability, were 40 cents compared to Wall Street's estimates of 42 cents. Investors had an inkling of the challenges the latest earnings would reveal. Tesla already reported deliveries for the second quarter on July 2, missing analysts' expectations. The company delivered 384,000 cars compared to estimates of 389,400 vehicles delivered. The stock has been on a roller coaster ride in 2025. Sagging sales figures, Elon Musk's political activities, and public feuding with President Donald Trump have dented investor confidence, even as many on Wall Street are bullish about the company's longer-term prospects. Heading into the 5:30 p.m. ET analyst call, investors will be listening closely for key business updates on initiatives including robotaxis, full self-driving, and AI. Tesla stock is down about 18% through Wednesday's close. Tesla's latest launch was actually a diner?Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas.— Katherine Tangalakis-Lippert As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size."Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public.-Lloyd Lee Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans."We are at a 'positive crossroads' in the Tesla story," the analysts reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday."Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant."The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher."The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the "America Party" in a post on X earlier this month, which sent shares tumbling around 7%."While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business.
Business Insider
4 hours ago
- Business Insider
Tesla earnings report live updates: EV maker reports earnings that narrowly missed expectations
The Tesla Diner opened to fanfare in West Hollywood this week Tesla's latest launch was actually a … diner? Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller skates. Celebrity chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second visit. While it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas. Analysts and investors want key data points for Tesla's Robotaxis As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data points. Gene Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size." Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase operations. Jose Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public. - Lloyd Lee The robotaxi launch will likely be a hot topic Tesla launched its highly anticipated robotaxi service at the end of June in Austin. The autonomous ride-hailing service is still in its early stages, and only a select group of people have the opportunity to try the service. Currently, the service operates with a limited number of self-driving Model Ys and a safety operator in every ride. In its last earnings call, Tesla said it would scale up the service "rapidly" after the launch. Investors will likely be listening for an update on future plans to expand the service. Musk said the plan was to be in many cities by the end of the year and predicted there would be "millions of Teslas operating fully autonomously in the second half of next year." — Ana Altchek William Blair: Eyeing headwinds from Trump's Big Beautiful Bill Tesla could see further downside, partly thanks to policy changes in the Republican tax and spending bill, analysts from William Blair wrote in a note this month. The firm pointed to the bill's ending of the EV tax credit, as well as the removal of corporate average fuel economy fines — fines for carmakers when their vehicles aren't energy efficient enough. Both changes are expected to impact Tesla's revenue, given that the company sold emissions credits to other carmakers that didn't meet energy efficiency standards. The firm downgraded Tesla to a rating of "Market Perform." Sales speed bump The road ahead looks even bumpier for Tesla. Analysts have warned that the company could face a major hit to its profits from the impact of Trump's One Big Beautiful Bill, which is set to eliminate the $7,500 tax credit for new US-made EVs. Ahead of the tax credit coming to an end on September 30, Tesla is piling on incentives and offers. A banner at the top of Tesla's US website urges customers to "take delivery now" ahead of the deadline, and the EV giant is offering 18 months of free supercharging and 0% financing on select models. Tesla is also allowing owners of its Full Self-Driving system to transfer the software to a new vehicle for free for a limited time. Like many of its rivals, Tesla is attempting to boost sales of its EVs before the $7,500 discount goes away. Analyst Gene Munster wrote in a Tuesday note that he expects the policy change to impact around 20% of Tesla's global deliveries, adding that he expects the company's sales to be better than expected next quarter as buyers rush to take advantage of the tax credit before it vanishes for good. Wedbush Securities: Stock could be at a 'positive crossroads" Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities said. In a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump administration. In a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans. "We are at a 'positive crossroads' in the Tesla story," the analysts said. Wedbush reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Investors push for new models Even as Tesla has finally launched its robotaxi service in Austin, sales of its regular electric cars have been lacklustre. Tesla deliveries fell 13.5% in the last quarter compared to the previous year, with the automaker seeing a similar fall in Q1. Tesla's stock is also down over 18% so far this year amid customer blowback over Musk's politics and growing competition from Chinese EV companies like BYD and Xpeng. The automaker said it would begin production of new, more affordable models in the first half of 2025 to help grow sales, but that deadline came and went with no acknowledgment from Tesla. Shareholders are keen to get answers about the new models in Tesla's Q2 analysts call. A forum for retailer investors to submit questions for the call with Musk and other executives includes several submissions asking for more details about the mysterious affordable EVs. "Can you provide an update on the development and production timeline for Tesla's more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?" wrote one shareholder in a post that received nearly 3,000 votes on the platform. Bank of America: Q2 earnings are challenged Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday. "Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant." The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. A rocky year It's never boring at Tesla, and this year has been no exception. The EV giant has battled backlash over CEO Elon Musk's forays into politics and faced investor discontent over the amount of time the billionaire is spending on other projects. Shareholders and analysts have been somewhat mollified by Musk's return to Tesla, with the world's richest man saying he's back "working 7 days a week at Tesla and sleeping in the office." "Now investors are seeing more of a 'wartime CEO' as Elon is laser-focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative," wrote Wedbush Securities analyst and Tesla bull Dan Ives in a note on Monday. Ives, who was previously told to "shut up" by Musk after calling for Tesla's board to exercise more oversight over their CEO's political activities, said that he expected sales to rebound as demand for Tesla's refreshed Model Y grows, especially in China. He also flagged the broadly successful robotaxi launch and the upcoming shareholder vote on a possible investment in Musk's artificial intelligence startup xAI as evidence that Tesla is getting its groove back. Morgan Stanley: Elon Musk's politics could be a headwind Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher." The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the " America Party" in a post on X earlier this month, which sent shares tumbling around 7%. "While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts wrote. Still, Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business. Tesla earnings expectations: Analysts estimate $22.6 billion of revenue for the 2nd quarter Second quarter Adjusted EPS estimate: 42c EPS estimate: 32c Revenue estimate: $22.64 billion Gross margin estimate: 16.5% Operating income estimate: $1.23 billion Free cash flow estimate: $760 million Capital expenditure estimate: $2.43 billion Full year Production estimate: 1.65 million Deliveries estimate: 1.65 million Capital expenditure estimate: $10.14 billion
Business Insider
4 hours ago
- Business Insider
Tesla earnings updates: EV maker misses Wall Street's estimates as revenue drops 12%
The Tesla Diner opened to fanfare in West Hollywood this week Tesla's latest launch was actually a … diner? Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller skates. Celebrity chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second visit. While it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas. Analysts and investors want key data points for Tesla's Robotaxis As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data points. Gene Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size." Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase operations. Jose Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public. - Lloyd Lee The robotaxi launch will likely be a hot topic Tesla launched its highly anticipated robotaxi service at the end of June in Austin. The autonomous ride-hailing service is still in its early stages, and only a select group of people have the opportunity to try the service. Currently, the service operates with a limited number of self-driving Model Ys and a safety operator in every ride. In its last earnings call, Tesla said it would scale up the service "rapidly" after the launch. Investors will likely be listening for an update on future plans to expand the service. Musk said the plan was to be in many cities by the end of the year and predicted there would be "millions of Teslas operating fully autonomously in the second half of next year." William Blair: Eyeing headwinds from Trump's Big Beautiful Bill Tesla could see further downside, partly thanks to policy changes in the Republican tax and spending bill, analysts from William Blair wrote in a note this month. The firm pointed to the bill's ending of the EV tax credit, as well as the removal of corporate average fuel economy fines — fines for carmakers when their vehicles aren't energy efficient enough. Both changes are expected to impact Tesla's revenue, given that the company sold emissions credits to other carmakers that didn't meet energy efficiency standards. The firm downgraded Tesla to a rating of "Market Perform." Sales speed bump The road ahead looks even bumpier for Tesla. Analysts have warned that the company could face a major hit to its profits from the impact of Trump's One Big Beautiful Bill, which is set to eliminate the $7,500 tax credit for new US-made EVs. Ahead of the tax credit coming to an end on September 30, Tesla is piling on incentives and offers. A banner at the top of Tesla's US website urges customers to "take delivery now" ahead of the deadline, and the EV giant is offering 18 months of free supercharging and 0% financing on select models. Tesla is also allowing owners of its Full Self-Driving system to transfer the software to a new vehicle for free for a limited time. Like many of its rivals, Tesla is attempting to boost sales of its EVs before the $7,500 discount goes away. Analyst Gene Munster wrote in a Tuesday note that he expects the policy change to impact around 20% of Tesla's global deliveries, adding that he expects the company's sales to be better than expected next quarter as buyers rush to take advantage of the tax credit before it vanishes for good. Wedbush Securities: Stock could be at a 'positive crossroads" Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities said. In a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump administration. In a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans. "We are at a 'positive crossroads' in the Tesla story," the analysts said. Wedbush reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Investors push for new models Even as Tesla has finally launched its robotaxi service in Austin, sales of its regular electric cars have been lacklustre. Tesla deliveries fell 13.5% in the last quarter compared to the previous year, with the automaker seeing a similar fall in Q1. Tesla's stock is also down over 18% so far this year amid customer blowback over Musk's politics and growing competition from Chinese EV companies like BYD and Xpeng. The automaker said it would begin production of new, more affordable models in the first half of 2025 to help grow sales, but that deadline came and went with no acknowledgment from Tesla. Shareholders are keen to get answers about the new models in Tesla's Q2 analysts call. A forum for retailer investors to submit questions for the call with Musk and other executives includes several submissions asking for more details about the mysterious affordable EVs. "Can you provide an update on the development and production timeline for Tesla's more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?" wrote one shareholder in a post that received nearly 3,000 votes on the platform. Bank of America: Q2 earnings are challenged Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday. "Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant." The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. A rocky year It's never boring at Tesla, and this year has been no exception. The EV giant has battled backlash over CEO Elon Musk's forays into politics and faced investor discontent over the amount of time the billionaire is spending on other projects. Shareholders and analysts have been somewhat mollified by Musk's return to Tesla, with the world's richest man saying he's back "working 7 days a week at Tesla and sleeping in the office." "Now investors are seeing more of a 'wartime CEO' as Elon is laser-focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative," wrote Wedbush Securities analyst and Tesla bull Dan Ives in a note on Monday. Ives, who was previously told to "shut up" by Musk after calling for Tesla's board to exercise more oversight over their CEO's political activities, said that he expected sales to rebound as demand for Tesla's refreshed Model Y grows, especially in China. He also flagged the broadly successful robotaxi launch and the upcoming shareholder vote on a possible investment in Musk's artificial intelligence startup xAI as evidence that Tesla is getting its groove back. Morgan Stanley: Elon Musk's politics could be a headwind Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher." The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the " America Party" in a post on X earlier this month, which sent shares tumbling around 7%. "While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts wrote. Still, Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business. Tesla earnings expectations: Analysts estimate $22.6 billion of revenue for the 2nd quarter Second quarter Adjusted EPS estimate: 42c EPS estimate: 32c Revenue estimate: $22.64 billion Gross margin estimate: 16.5% Operating income estimate: $1.23 billion Free cash flow estimate: $760 million Capital expenditure estimate: $2.43 billion Full year Production estimate: 1.65 million Deliveries estimate: 1.65 million Capital expenditure estimate: $10.14 billion
