Elon Musk praises retro-futuristic Tesla diner as ‘one of the coolest spots in LA'
Elon Musk had high praise for the diner and electric vehicle (EV) charging station that Tesla is creating in Los Angeles.
The Tesla CEO said early Monday morning on X that he 'just had dinner at the retro-futuristic @Tesla diner and Supercharger.'
'Team did great work making it one of the coolest spots in LA!' he wrote.
The Tesla Diner, which has not yet opened to the public, sits on Santa Monica Boulevard within the city.
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Musk's post about the upcoming Tesla diner prompted excitement and interest among many social media users, with some asking questions about the food and when it will officially open.
The restaurant has been in the pipeline for quite some time, with Musk saying as far back as 2018 that he was 'gonna put an old school drive-in, roller skates & rock restaurant at one of the new Tesla Supercharger locations in LA.'
3 The Tesla Diner, which has not yet opened to the public, sits on Santa Monica Boulevard within Los Angeles.
AFP via Getty Images
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3 Visitors can expect the Tesla Diner to host dozens of charging stations for EVs.
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Visitors can expect the Tesla Diner to host dozens of charging stations for EVs and a pair of outdoor movie screens, in addition to a restaurant.
The futuristic-looking building itself is two stories, with an outdoor area on the top level, photos taken earlier in the month indicated.
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Construction on the project kicked off in the fall of 2023, according to reports.
In late April, Tesla reported there were over 7,100 Supercharger stations around the world as of the first quarter of the year with over 67,300 Supercharger connectors.
3 Elon Musk's post about the upcoming Tesla diner prompted excitement and interest among many social media users, with some asking questions about the food and when it will officially open.
REUTERS
Musk has helmed Tesla since 2008.
The company is slated to release its second-quarter financial results later in the month.
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TXN blamed weak demand in the auto market (heard the same in GM's (GM) outlook on Tuesday). Whatever the case, TXN's outlook is pressuring on similar names in the space in Microchip (MCHP), Analog Devices (ADI), NXP Semiconductors (NXPI) and On Semi (ON). Google set to report Q2 earnings as Wall Street looks for AI revenue gains Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization. My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results: Read more here. Google parent Alphabet (GOOG, GOOGL) will report its second quarter earnings after the bell on Wednesday, providing a highly anticipated update on the wave of artificial intelligence spending, adoption, and monetization. My colleague Daniel Howley previews what Wall Street is expecting from Alphabet's results: Read more here. 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- CBS News
Tesla profit plunges in second quarter as Musk's turn to politics keeps buyers away
The fallout from Elon Musk's plunge into politics a year ago is still hammering electric vehicle-maker Tesla, as both sales and profits dropped sharply again in the latest quarter. Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings. "The perception of Elon Musk, its chief executive, has rubbed the sheen right out of what once was a darling and soaring automotive brand," Forrester analyst Dipanjan Chatterjee said in a research note, in which he called Tesla "a toxic brand that is inseparable from its leader." Quarterly profits at the electric vehicle, battery and robotics company fell to $1.17 billion, or $0.33 a share, from $1.4 billion, or $0.40 a share, dropping for a third straight quarter. On an adjusted basis, the company said it earned $0.40, in line with Wall Street analysts' estimates. Revenue fell from $25.5 billion to $22.5 billion in the April through June period, slightly beating Wall Street's forecast. Tesla shares were little changed in after-hours trading as investors awaited Musk's comments on the company's earnings call. Musk, who helped elect President Donald Trump with a massive campaign donation and then headed his DOGE cost-cutting program, has pinned the future of the company squarely on its autonomous Robotaxi venture, which launched in Austin, Texas last month. It's expected to take years, though, before Musk's focus on robotaxis and humanoid robots turns a profit or the company. "We are at a 'positive crossroads' in the Tesla story: Musk is laser focused as CEO, Robotaxi/autonomous expansion has begun, demand stabilization has begun especially in China, and Tesla is about to embark on an aggressive AI focused strategy that we believe will include owning a significant piece of xAI," Wedbush Securities analyst Dan Ives said in a research note. "While near-term and this quarter the numbers are nothing to write home about, we believe investors are instead focused on the AI future at Tesla with a motivated Musk back driving Tesla's future." Foreign EV buyers have also turned away from Tesla toward competitors' vehicles, research shows. Musk alienated potential Tesla customers in Great Britain, France, Germany and elsewhere through his political activities. Rival electric vehicle makers such as China's BYD and German's Volkswagen, meanwhile, have gained market share. Tesla faces other headwinds, too. The new federal budget just passed by Congress eliminates a $7,500 credit for EV buyers. It also wipes out penalties for car makers that exceed carbon emission standards. That threatens Tesla's business of selling its "carbon credits" to traditional car companies that regularly fall short of emission standards. Tesla generated $439 million from credit sales, down sharply from $890 million a year ago.
