Electric cars, space exploration and now burgers. Elon Musk's latest venture is a little more down to earth than what we've come to expect from the billionaire entrepreneur.
The Tesla founder expressed his plans on Twitter back in 2018 for an "old school drive-in, roller skates and rock restaurant at one of the new Tesla Supercharger locations in LA".
Now the idea is a step closer to reality after Tesla submitted documents to the City of Los Angeles for a diner that would be open 24 hours a day at 7001 West Santa Monica Boulevard in Hollywood.
The 864-square-metre space includes plans for a drive-in movie theatre and a 28-stall supercharging station, Bloomberg reported.
There will be a two-storey diner with more than 200 seats, indoors and outside, with views of two tall movie screens.
Last June, Tesla filed an application for three new trademarks with the US Patent and Trademark Office, with the intention of using its T logo design and two other versions of the Tesla stylised logo in the food industry.
These trademarks would cover "restaurant services, pop-up restaurant services, self-service restaurant services, take-out restaurant services", Tesla said in the application.
The original location of the Tesla restaurant was reported to be in Santa Monica, although that supercharger location opened in February without any branded eating options.
Tesla has not commented further on the restaurant plans, although Mr Musk did add weight to his plans in February when on Twitter he again mentioned a "futuristic diner / drive-in theatre" concept.
"And, of course, you can pay in Ðoge," he said, referring to the open source peer-to-peer digital currency Dogecoin.
Tesla shares plunged 6.9 per cent to $628.16 in New York on Tuesday because of production woes in China.
The shares rose 50 per cent last year and closed at $1,145 on April 4, when Mr Musk announced his 9.2 per cent stake in Twitter.
Tesla’s stock has been in freefall since, sinking to $620.57 at its lowest on Tuesday and wiping out almost half its market capitalisation after touching a record high in November.
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Zayed Sustainability Prize
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
More coverage from the Future Forum
SERIES INFO
Cricket World Cup League Two
Nepal, Oman, United States tri-series
Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
Table
The top three sides advance to the 2022 World Cup Qualifier.
The bottom four sides are relegated to the 2022 World Cup playoff
1 United States 8 6 2 0 0 12 0.412
2 Scotland 8 4 3 0 1 9 0.139
3 Namibia 7 4 3 0 0 8 0.008
4 Oman 6 4 2 0 0 8 -0.139
5 UAE 7 3 3 0 1 7 -0.004
6 Nepal 0 0 0 0 0 0 0
7 PNG 8 0 8 0 0 0 -0.458
The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
How to tell if your child is being bullied at school
Sudden change in behaviour or displays higher levels of stress or anxiety
Shows signs of depression or isolation
Ability to sleep well diminishes
Academic performance begins to deteriorate
Changes in eating habits
Struggles to concentrate
Refuses to go to school
Behaviour changes and is aggressive towards siblings
Begins to use language they do not normally use
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5