Tesla Restaurant And Drive In-Theater Planned For Q2 In Hollywood And Could Accept Dogecoin

Leading electric vehicle company $Tesla(TSLA.US)$ continues to add numerous Supercharger locations across the country. One planned upcoming location could lead to a new business line for the company.

What Happened: Plans from Tesla and CEO Elon Musk to add a restaurant and dine-in theater at a Supercharger location date back to 2018. The plans appear closer to fruition, with Musk saying that an undisclosed location in Hollywood, California will get a “diner and drive-in theater.”

Why It’s Important: Musk’s plans for food and entertainment options at Supercharger locations have been around for years and signal potential revenue making opportunities for the company.

Charging a vehicle takes time, and that time could be used by vehicle operators at a restaurant or movie.

esla could choose to partner with existing restaurant companies to build smaller footprint locations at the Supercharging stations, similar to fast-food restaurants inside gas stations and travel centers. This move could bring royalty revenue to Tesla.

Tesla ended the fourth quarter with 3,476 Supercharger locations. Not every location would be suited for a restaurant or dine-in theater, but some of the larger and most trafficked locations could bring additional revenue to Tesla with these added services.

The opening of a restaurant and movie theater at a Tesla Supercharger location could be a massive event and a newsworthy moment for the electric vehicle company. The opening could also move the price of a meme cryptocurrency, with Musk already promising that Dogecoin will be accepted as payment at the diner and theater.