Elon Musk floats robots in ‘cute outfits’ while Tesla earnings miss

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Tesla shares slumped astir 5% successful after-hours trading arsenic it reported mixed results successful the June quarter, caused chiefly by a slump successful automotive revenue.

Its Bitcoin holdings remained unchanged, but the institution reported its worth had exceeded $1.2 cardinal arsenic the crypto marketplace rallied. It besides opened a caller retro-themed diner successful West Hollywood to immoderate fanfare.

Tesla is 1 of the bellwethers for the broader tech sector, and is portion of Big Tech’s “Magnificent 7,” which tin connection clues to the appetite for high-risk and reward assets. Tesla banal (TLSA) ended the after-hours trading league astatine $317.80, according to Google Finance.

The banal fell arsenic Tesla reported its net for the June quarter, which showed the company’s full automotive gross fell 16% year-on-year, portion its full gross was down 12% during the 2nd quarter.

In a X post, Tesla said it seeks to go a person successful AI, robotics and related services. The institution launched its robotaxi work successful Austin past month.

Tesla’s Bitcoin holdings scope implicit $1.2 cardinal connected paper

At the extremity of the June quarter, Tesla’s Bitcoin holdings were worthy $1.23 billion, which was attributed to the accrued terms of Bitcoin, alternatively than immoderate caller Bitcoin purchases.

Tesla’s main fiscal officer, Vaibhav Taneja, whom Musk referred to connected the telephone arsenic “DevOps Ninja,” said that different income grew successful Q2 to $284 million, up from a $125 cardinal nonaccomplishment successful Q1 owed to a mark-to-market accommodation connected its assets, including Bitcoin.

“Just privation to punctual radical that this would support creating volatility based connected the Bitcoin price,” said Taneja.

Currently, Tesla holds 11,509 BTC, worthy $1.36 billion, according to Nansen, which ranks it successful 10th spot successful the database of publically traded companies that clasp Bitcoin arsenic portion of their treasury reserve.

It has mislaid crushed successful caller months arsenic different companies person started purchasing BTC aggressively.

Tesla launches Tesla Diner, Musk floats cute outfits

Meanwhile, Tesla CEO Elon Musk said connected X that helium could upgrade the robot workforce astatine his recently opened retro-themed Tesla diner adjacent year, implicit with “cute” outfits.

The diner opened successful West Hollywood, California, connected Tuesday.

Musk said its robots volition “bring the nutrient to your car adjacent year.”

Currently, the Tesla Optimus robot lone serves popcorn to customers. An X post shows the robot serving popcorn to a lawsuit successful real-time.

“We saw the afloat Optimus successful the Tesla Diner serving popcorn,” said Musk during an capitalist call.

“We'll spell from a satellite wherever robots are uncommon to wherever they're truthful communal that you don't adjacent look up.”

Tesla Diner is unfastened astir the clock. The two-story edifice tin house much than 250 patrons astatine once.

Some have, however, criticized the diner for the precocious prices connected its menu, which includes burgers, fries, cookies, fountain drinks, and more. The Tesla burger is the astir costly point connected the menu, costing $13.50. With fries and a drink, this could extremity up costing $21.50.

The opening has seemingly gone good for Tesla, arsenic Tesla Charging posted photos of the inauguration, which amusement radical lining up to enter.

Grok, an AI chatbot integrated with X, replied to an X idiosyncratic who asked the chatbot to comparison the prices of nutrient astatine Tesla Diner to different akin restaurants.

“Tesla aligns with upscale diners but pricier than fund chains,” Grok said.

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