Tesla opens 24-hour drive-in and diner
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Even with shares down 12% this year, Tesla Inc. (NASDAQ:TSLA) still carries an out-of-this-world price-to-earnings ratio of 189x. That's not just lofty—it's meme-level. Tesla's Valuation Is Still From Another Planet For context,
Tesla is no longer the EV king of Europe. After dominating sales charts for years, the American automaker has slipped to second place
Tesla’s reputation is in a crash it can’t control, much like the people who are behind the wheel when the car’s self-driving features fail to stop. In the latest Electric Vehicle Intelligence Report, Tesla saw its perception erode among consumers, leading to the company scoring the lowest trust score among all major EV makers.
Two Business Insider reporters visited Hollywood's new Tesla Diner within 24 hours of its grand opening. It was unusual, but exceeded expectations.
Where as performance is expected to be almost identical—as both the Tesla and Hyundai hover around the 3.0 second mark from zero to 60mph, the Model 3 Performance sells for around $56,000 where as the Ioniq 6 N is expected to land in showrooms nearly five figures more at around $65,000.
The 1,020-horsepower EV's owner claims its brakes failed after one turn at a track day, leading a court to rule that Tesla's advertising of the car was misleading.
Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.
Some new charging stations like Tesla's diner aim to turn powering your EV into an experience, but the real future of EVs is ultra fast and available everywhere you go.