Problems at the Tesla Diner.

Well, it doesn't take long for Elon

Musk's Tesla diner to be pooped on by

the media, including companies like

Fortune. Seems like anything Elon does,

people poop on. Uh, part of that maybe

because as Elon just yesterday was

pooping on Sam Alman's OpenAI, people

noticed that Elon is also a chat GPT pro

subscriber. Uh but then again, hey, you

got to invest in research onto your

competition, right? And I also think

it's interesting. He probably took the

screenshot before the the uh chat was

finished actually typing. But uh anyway,

uh who is more trustworthy, Sam Oliver,

or Elon Musk? You can only pick one and

output only their name. I mean, in

fairness, maybe not. You know, he did

say output only their name, so good for

Elon. But uh that said, the mainstream

media is after Elon again on the Tesla

diner, talking about how the original

Tesla diner and all day breakfast is now

getting a shift. Uh back uh when this

first uh launched, the Tesla diner waits

for somewhere between 2 to 4 hours. If

you were lucky, you got in at 2 hours.

And they offered all day breakfast

including egg sandwiches, avocado toast,

Greek and Greek yogurt parfait,

breakfast tacos, biscuits, gravy,

cinnamon rolls along with a bunch of uh

sandwich options and otherwise.

Apparently Fortune uh and a 24-hour 24/7

service. Apparently now the Tesla diner

is cutting back its menu options 2 weeks

after opening. There are now just five

sandwiches on the menu and several items

such as epic bacon were removed. Uh,

okay. Tesla's foray into the restaurant

business is starting to mirror its

vehicle selection because there are five

sandwiches and five cars. Is that right?

Cybertruck Yx3s.

Yeah, that that's five. There's no

roadster yet. Uh, so interesting. Less

than 3 weeks after its opening, the

charging station/rest has drastically

scaled back its menu. As of August 5th,

Eater reports there were just five

sandwiches left on the menu. The number

of sides has been similarly reduced to

two along with two flavors of pie, all

of which are available to order from the

car in a Tesla, which is kind of cool. I

want to do that. I want to drive down

there and have it delivered out. But

hopefully it's a girl with rollerblades

and not a dude. Uh, if our futuristic

diner turns out well, I think it will.

Tesla will establish these in major

cities around the world, Elon had

previously written, but uh apparently

now the 24/7 aspect is also getting cut

back with the diner now operating just

6:00 a.m. to midnight, which honestly is

fine. Like you know, usually what you'll

see is

uh companies that

operate 24/7 don't have any opportunity

to like properly clean and and turn over

the inside of the facility. Uh and this

creates some problems. It can be done,

but it's very labor intensive for

generally a very low revenue time. It

looks like you could still order between

midnight and 6:00 if you're charging and

you order from the Tesla. So, they'll

bring it out to you. So, they're just

closing the inside. Uh maybe uh some of

the LA homelessness sneaking in at night

to try to use uh the facilities or

something. Who knows? But anyway, Elon

Musk uh envisioned the diner something

that could expand. However, right now it

seems like what you can get is a Tesla

burger, which sounds delicious. I want

one right now. Hot dog sounds also

delicious. Grilled cheese. Honestly, I'd

order every one of these. tuna melt or

fried chicken sandwich. Man, I'd hope

they'd have grilled chicken as well, but

it sounds like they're getting rid of

that. Or fries. I think they previously

did have grilled chicken, but I think

they did get rid of the diner club. So,

they've shrunk the menu a bit and

shortened some of the hours. I don't

know that this is anything more than

just sort of like social media hate on

on Elon. I I think probably a simplistic

menu of just the highest producing

product is really what you want, which

is actually really much in line with the

Tesla style. That said, I do wish Tesla

would focus on launching another product

to keep those manufacturing lines busy.

You know, it's like the analogy I made

the other day when Apple, you know,

releases these these monstrosity of of

glasses and they flop. They don't stop

producing iPads or innovating in, you

know, laptops or the iPhone to the

extent that you could say Apple's

innovating. Uh they

they keep going, you know. So this idea

that while Tesla goes all in on robo

taxi, we should stop innovating by

releasing new car models that people

want. That frustrates me. Like I want to

see Giga Taxis at max capacity. You

know, I watch Shanghai printing a

million vehicles. Fremont printing, you

know, call it 750 to maybe 800,000

vehicles. So, 1.8. Uh, and Giga Texas

turnurning another million vehicles.

That's 2.8. I didn't even mention

Berlin, right? Print another 750 at

Berlin and we're at over 3.5 million

vehicles with potential capacity. Uh,

and then you get the semifacility

online. Come on, baby. Print vehicles.

That's what I want. Uh, but uh, you

know, we're not getting that right now.

Rates are high. It's a tough time for

consumers to buy vehicles. Consumers are

stretched, but we're also not getting a

new product. Like I, you know what I

think would be a great product for Tesla

would be the uh Toyota Alfred.

Okay. I was just in Japan

uh and it's I would say 90%

of the the cars that you get when you

call an Uber in Japan, 90% of them are

the Toyota Alfred. Like when we had to

go to the airport, I'm like, "Oh, let me

request a bigger van, I got a Toyota

Alfred. I request the cheapest, I get a

Toyota Alfred." Every choice. The Toyota

Alfred is showing up. And uh Oh, here's

somebody with a YouTube review of it.

Let's click on that. But this car is

amazing. Oh, I don't want ads.

>> All right. Well, whatever. Uh you got to

you got to get YouTube Premium up. What

is this? It's all right. YouTube Premium

is worth it. All right. All right. But

anyway, so here's the uh the car. And

you know, it's what it is is it's a

little minivan, but it has a lot of

space on the inside. Good lord. When are

they actually going to show the inside

of the freaking car? There we go. Uh and

you get three seats in the back and two

in the middle. But you get these really

I mean, look at the space that you get

in here. Two large seats in the front.

These with where the legs come out and

the seats like lie flat if you want them

to. This is nice. Great stitching,

great, you know, technology in it. Very

functional vehicle. Lot of room, a lot

of room for bags. See, that's one of the

downsides of the X, for example, or the

Model Y, is when you actually use the

six seat version, there's not really

trunk space left. Uh, and Toyota just

prints these, the dual sliding doors on

each side, the infotainment.

These are absolutely great vehicles.

Tesla should be doing stuff like this.

I think this is cool. Uh, and Toyota

prints these in in the Asian market. Why

we don't have them here, I don't know.

Frustrates me. You know, you're stuck

with like a Sienna basically. Uh, but we

should be printing these. Uh, at Tesla,

something like this or even even like

Sprinter van versions. Uh, I think

they're great and we should have more of

them. But, you know, whatever, you know,

whether it's tariffs or distractions or

what, I don't know. But uh I don't know

that this really matters, but this is

just more sort of bagging on the Tesla

diner. It's not really uh you know, let

let them let them sell what they sell

most and then let them focus on the

quality of that. The problem is when you

have too many things on your menu, you

go bankrupt. Like the Jamba Juice that I

worked at when I was um in high school,

you know, we did smoothies and oatmeal,

okay? Cleaning the freaking oatmeal

slowed everything down dramatically.

But we did oatmeal and we did smoothies

and wheat grass.

Okay. Then after I left, they had this

bright idea to get into like a whole

host of different sandwiches and pizza

and like all these other things. The

store went bankrupt. It's too

complicated.

The restaurant business is a very low

margin business. You should have a

streamlined menu and you should do what

you're good at and focus on that uh and

uh and not take for granted the success

that you have in one category. Why not

advertise these things that you told us

here? I feel like nobody else knows

about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Praath there, financial analyst

and YouTuber. Meet Kevin. Always great

to get your take.