Tesla Diner: Photos show opening of Musk's futuristic California drive-in
"If our retro-futuristic diner turns out well, which I think it will, @Tesla will establish these in major cities around the world, as well as Supercharger sites on long distance routes," Musk wrote on X..
He later replied to a user requesting a location at the Starbase city in Texas, which is home to Musk's SpaceX: "Ok."
The Tesla Diner has 80 charging stations, two giant megascreens and classic American diner food. It is open 24 hours a day, seven days a week.
Diners can watch movies on two of the 66-foot screens or in their vehicle using the Tesla Diner app. The location features all things Tesla, with merchandise and an Optimus robot serving popcorn.
Scroll through photos from the Tesla Diner below:
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Trending tickers: Chipotle Mexican Grill, T-mobile and Wolfspeed Here are some top stocks trending on Yahoo Finance in premarket trading: Chipotle Mexican Grill (CMG) stock fell 10% before the bell on Thursday after reporting another quarter of negative sales growth. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. T-mobile (TMUS) stock rose 5% premarket on Thursday after beating analyst estimates on Wednesday. The telecom group's CEO Mike Sievert told Yahoo Finance's executive editor Brian Sozzi that the company's steady value messaging is helping it to gain market share. Wolfspeed (WOLF) shares rose 18% before the bell. The chipmaker's stock reacted positively this week to the new US-Japan trade deal and has been up 13% over the last five days. The US-Japan trade deal boosts optimism for Wolfspeed as it supports Renesas' EV chip production, raising hopes for more deals with automakers like Jaguar Land Rover. Here are some top stocks trending on Yahoo Finance in premarket trading: Chipotle Mexican Grill (CMG) stock fell 10% before the bell on Thursday after reporting another quarter of negative sales growth. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. T-mobile (TMUS) stock rose 5% premarket on Thursday after beating analyst estimates on Wednesday. The telecom group's CEO Mike Sievert told Yahoo Finance's executive editor Brian Sozzi that the company's steady value messaging is helping it to gain market share. Wolfspeed (WOLF) shares rose 18% before the bell. The chipmaker's stock reacted positively this week to the new US-Japan trade deal and has been up 13% over the last five days. 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Though seen in other companies receiving the benefits of online attention, with Opendoor receiving a 140% increase in retail revenue in the past two weeks, it is unclear whether the increase in stock value will see a corresponding increase in revenue for American Eagle. Stock in retail giant American Eagle Outfitters, Inc. (AEO) flew up over 25% in after-hours trades overnight Thursday. The individual share price went from $10.82 at close to a peak of $13.80 as of 10:57 p.m. EDT. The jump in value can be attributed to the current meme stock phase that has pushed up value in companies such as Opendoor (OPEN), Krispy Kreme (DNUT), Kohl's (KSS), and GoPro (GPRO) over the past few days. Much of meme-stock mania can be attributed to retail investors making moves in stocks with 'undervalued fundamentals', and the rallying of groups around individual personalities. With this in mind, the release of an ad campaign starring actress Sydney Sweeney has been leapt upon by members of online communities on Reddit and X. Though seen in other companies receiving the benefits of online attention, with Opendoor receiving a 140% increase in retail revenue in the past two weeks, it is unclear whether the increase in stock value will see a corresponding increase in revenue for American Eagle. Oil prices rise on trade deal positivity, stockpile reduction Crude oil prices climbed late night Thursday, fueled by hopes for progress in US trade talks and a surprise plunge in American oil stockpiles, easing concerns about global economic slowdown. Reuters reports: Read more here. Crude oil prices climbed late night Thursday, fueled by hopes for progress in US trade talks and a surprise plunge in American oil stockpiles, easing concerns about global economic slowdown. Reuters reports: Read more here. 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Yahoo
11 minutes ago
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Tesla stock slides after earnings miss, Musk warns of 'few rough quarters'
Tesla (TSLA) reported a slight earnings and revenue miss in the second quarter, and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker. Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion expected (per Bloomberg consensus), a 12% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected. Tesla's revenue from the sale of regulatory credits fell to $439 million from $890 million a year earlier, and will continue to drop following passage of the "One Big Beautiful Bill" (OBBB), the company said. Musk spent months blasting the bill, but Trump signed it into law earlier this month. Tesla stock slumped over 9% in early trade on Thursday, after starting to slide during the company's earnings call. Read more about Tesla's stock moves and today's market action. CFO Vaibhav Taneja said on the call that the OBBB recently would affect Tesla's business, leading to a "pull forward" in sales ahead of the $7,500 tax credit expiring at the end of Q3. 'Given the abrupt change, we have limited supply of vehicles in the US this quarter,' Taneja said. 'We may not be able to guarantee delivery orders placed in the later part of August and beyond.' Musk chimed in when asked about the impact of the loss of the federal tax credit on Tesla's business. Musk said Tesla 'probably could have a few rough quarters' ahead following expiration of the credit, adding, 'I am not saying that we will, but we could." Tesla said its first builds of a more affordable model occured in June, with volume production planned for the second half of 2025. Tesla also said its purpose-built robotaxi was still scheduled for volume production starting in 2026. Taneja noted that Tesla would only ramp up volume production of the upcoming "affordable" model once the EV tax credit expired. Read more: Live coverage of corporate earnings "We are entering a vulnerable time for Tesla, as near-term headwinds, like auto and energy demand, subsidy cuts, and tariffs, pressure financials in the crucial transition to the long-term vision of real-world AI and higher-margin products like robotaxi and optimus," William Blair analyst Jed Dorsheimer wrote in a note to clients following Tesla's earnings release. Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming. Earlier Musk said the company would expand testing to the San Francisco Bay Area, but reports suggest the applications for those state permits have not been submitted. Separately, Bloomberg reported on Wednesday that Tesla was in talks with Nevada officials to test the company's robotaxi service. Tesla said in its release that expansion of the service was coming, and eventually without a safety rider in every vehicle, as well as testing in additional US cities. Musk said on the call that he expects half of the US population to be covered by Tesla robotaxi service by the end of next year, though he cautioned that he tends to be overly optimistic with is predictions. Tesla's second quarter earnings report comes at a time when the S&P 500 (^GSPC) and Nasdaq (^IXIC) are surging to new highs, bucking Trump's tariff war that led to broad-based selling and fears of a global economic slowdown. Musk's reputational hit stemming from his political activities, the rise of more competition, and US consumer preferences for vehicles like hybrids have Tesla and the EV industry as a whole worried. For Tesla in particular, weakness in key regions like Europe has been an ongoing issue, and the latest registration data shows US sales sliding as well. This resulted in Tesla delivering only 384,122 vehicles globally in Q2, a 13.5% drop year over year. The changeover to the refreshed Model Y may have blunted sales. But the question for management is the availability picture for that new Model Y in Tesla's main selling regions. Despite the rough quarter and challenges ahead, some analysts like TD Cowen's Itay Michaeli are bullish. "While there's no shortage of challenges this year (IRA, tariffs, competition, regulatory credits), the list of potentially game-changing level catalysts spanning AV, EV and robotics tilt the risk/reward favorably with the stock pulling back from recent highs and amid prevailing negative sentiment," Michaeli said, maintaining his buy rating and $374 price target. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data
