On the lookout for a spot to hang around with all of your Tesla owning friends in L.A.? Or a brand new diner for Guy Fieri to review in his Food Network show? Well, Tesla CEO Elon Musk’s vision for a drive-in diner and movie show, is getting one step closer to becoming a reality.
A pair years back, Musk had teased he was working on a grand idea for a Supercharger location in Santa Monica. In a tweet he said, “Major latest Supercharger station coming to Santa Monica soon! Hoping to have 50’s diner & 100 best movie clips playing too. Thanks Santa Monica city!”
In response to Tesla news site Teslarati, it seems Tesla has received approval from the Los Angeles Department of Constructing and Safety to construct this latest Supercharger hangout, but not in Santa Monica, but in West Hollywood, just east of the initial location. (No word on opening date.)
Tesla had said recently that the drive-in movie show and diner location would have 32 Supercharger stalls, two movie screens, and a restaurant with rooftop seating. Back at its Investor Day in early March, the corporate also shared a rendering of what this Supercharger location would appear to be (below).
Big business: As of this spring, Tesla had greater than 17,000 individual Superchargers in the US, across roughly 2,000 stations. Tesla has said there are Supercharger stations in all 50 states. Depending on the success of this location, Tesla may construct out more of those deluxe stations in marquee locations in cities like Los Angeles.
To not be forgotten is Tesla’s big moves within the charging space with other automakers. The corporate will include EVs from the likes of GM (GM), Ford (F), Mercedes (MBGAF), Rivian (RIVN), and Volvo (VOLCAR-B.ST) within the Supercharger network starting in 2024. (Owners of those vehicles may find a way to make use of this enhanced West Hollywood location too, but that information isn’t available at the moment.)
Tesla’s deals with other automakers allows them to make use of 12,000 of the Tesla’s Supercharger stalls, meaning not all locations and stalls will likely be available to non-Tesla owners.
Tesla’s Supercharger business was once considered only a perk for Tesla owners—the corporate could have been running network as a break-even or loss producing business just to take care of a competitive edge within the EV space.
Now with big charging deals in place with major automakers, Wall Street analysts, amongst others, are beginning to see the Supercharger network as its own standalone business. In a report published this morning, analyst Dan Ives of Wedbush said the Supercharger network could generate $10 – $20 billion in revenue by 2030, or roughly 3-6% of Tesla’s total revenues.
Tesla isn’t the one company with its own charger network. Mercedes, Rivian, and Porsche (POAHY) have announced plans for their very own charging locations, that can include amenities like dining, shopping, and leisure spots for users. Rivian, through its adventure network, plans to have its own chargers at destinations like national parks and heavily trafficked outdoor adventure locations.
Pras Subramanian is a reporter for Yahoo Finance. You may follow him on Twitter and on Instagram.
Read the newest financial and business news from Yahoo Finance
This Article First Appeared At www.autoblog.com
