Tesla's shares declined 1.74% for week, two days after posting lower profits for a third straight quarter amid increased competition and loss of tax credits.

Elon Musk is taking steps to expand his autonomous ride-hailing service to the Bay Area, according to a Business Insider report.

Tesla has said it will build cheaper cars and win approval for its self-driving software in Europe this year after seeing sales fall at the sharpest rate in at least a decade. Elon Musk's electric car firm told investors it had started "first builds of a more affordable model in June" while posting a slump in car deliveries and shrinking profits.

The newly opened Tesla Diner in Hollywood, California, comes years after Tesla CEO Elon Musk first shared his interest in a Tesla charging station with an "old school" drive-in and restaurant. But Musk's and Tesla's reputation have drastically shifted since that 2018 plan was first posted on then-Twitter.

Tesla’s long-awaited diner has just opened in Hollywood. Serving smashburgers, hotdogs, chicken & waffles and more; the restaurant has attracted visitors from all over. The lot has about 80 superchargers available,

Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to more affordable competitors' offerings.

President Donald Trump took a break from his bitter public feud with Elon Musk by offering support to Tesla in an early morning post on Truth Social.

Elon Musk warned that Tesla could face "a few rough quarters," as it weathers shifting tariffs and the end of EV tax credits in the US.

Tesla said on Friday it has received a number of shareholder proposals regarding the automaker investing in CEO Elon Musk's artificial intelligence startup xAI.