A Tesla Diner Can Help Supercharge TSLA Stock

InvestorPlace2022-06-02

Tesla(NASDAQ:TSLA) is expanding into a new industry: food service and hospitality.The electric vehicle (EV) leader is now going to offer drivers a place to eat while their Tesla charges.This could set...

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Comments

blessed_1
2022-06-02
blessed_1
interesting
JLKang
2022-06-02
JLKang
Will see...
LEESIMON
2022-06-02
LEESIMON
nice
Looyusooi
2022-06-02
Looyusooi
Ok
Edwardtoh
2022-06-02
Edwardtoh
Like
Dragon1976
2022-06-02
Dragon1976
Roar

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According to Electrek, the company recently filed with the city of Los Angeles to construct an all-night diner near a charging station at 7001 Santa Monica Boulevard.When the 9,300-square-foot facility opens, Tesla drivers will have the option to dine and relax while their vehicles charge. TSLA stock needs a catalyst like this to make up the ground it has lost recently.Inside the Tesla DinerThe concept of a Tesla diner is actually several years in the making. In January 2018, CEO Elon Musk tweeted about plans to do exactly this. Most readers likely dismissed it as a joke, but Musk has proven he intends to make good on his promise.Nothing would symbolize the meeting of old and new America like a Tesla diner. The company is known for futuristic products and designs, but all-night diners are a symbol of a bygone era.For many, diners with servers on roller skates and rock and roll music on the jukebox call to mind images of the 1950s. Many Tesla drivers weren’t alive when these types of establishments were commonplace along Route 66. But nostalgia is a powerful tool, and Musk has figured out a way to use it to boost TSLA stock.Since his tweet, Musk has scaled his vision even further. AsElectreknotes, plans for the Tesla diner involve a drive-in theater and rooftop bar. “The theater-style seating will look out on a parking lot with 29 supercharger stalls and 34 total spots – the last five will have level two chargers for lower-speed charging,” the outlet notes. “The parking lot will have two screens visible to the rooftop area and to the cars in the parking lot.”The Road Ahead for TSLA StockOne of the primary complaints from electric vehicle (EV) owners is how long their cars take to charge. But if Tesla begins building diners next to its charging stations, drivers can relax and enjoy a meal while their vehicle is powered up. 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