Between Central Texas barbeque and Boca Chica tacos, it's no surprise Texas' new resident Elon Musk is ready to dabble in the restaurant business next.
Tesla quietly applied for three trademarks (one for the word "Tesla" and two for the different logos) in restaurant services last week without word on what the upcoming project could be, reports Electrek. But by the looks of it, it may not be for a local restaurant.
It is suspected that Musk could be planning to go through with his '50s diner idea that he floated around in 2018 and resurfaced earlier this year. The diner would be part of a Californian supercharger station for Tesla owners to visit when charging up.
@Gfilche Major new Supercharger station coming to Santa Monica soon! Hoping to have 50’s diner & 100 best movie cli… https://t.co/LZKHKd41wu— Elon Musk (@Elon Musk) 1617390799.0
While Musk may not seem to know the ins and outs of the restaurant industry, it'd take a quick phone call to brother Kimbal Musk, who is a restaurant operator in Colorado and Chicago, for some advice.
This won't be Tesla's first time creating a consumer product. Last year it debuted a Tesla Tequila, tequila in a lightning-shaped, Tesla-labeled bottle, after making an April Fools joke out of it in 2018.
With the latest Tesla Gigafactory under construction in Southeast Travis County, maybe Austin Tesla owners could be next to receive some love with a Tesla eatery.
- Tesla can't sell directly to Texans unless law is uplifted - austonia ›
- Ford's F-150 Lightning vs. Tesla's Cybertruck: The race to become ... ›
- Elon Musk seeks to fast-track $1.1 billion Tesla factory in Austin ... ›
- Del valle ISD partners with Tesla in high school grad program ... ›
- Tesla's Elon Musk says Austin factory could hire 10k jobs - austonia ›
- Elon Musk files to sell Texas electricity - austonia ›
- Telsa obtains patent to use lasers as windshield wipers - austonia ›
- Tesla HQ looking more likely to follow Elon Musk to Austin - austonia ›
- Tesla hits $1 trillion market cap, makes biggest electric car sale to date - austonia ›
- Rivian secures spot as latest Tesla challenger - austonia ›
- Apple plans for new EV while growing Austin presence - austonia ›
- Tesla HQ moves to site of Austin Gigafactory - austonia ›
- Tesla, Boring Company, Neuralink, SpaceX: Elon Musk company updates - austonia ›
- Tesla's new giga texas belt buckle sells out in less than 24 hrs - austonia ›
- '$10B investment': Tesla slated to become the largest private-sector employer in Austin - austonia ›
- Elon Musk's Austin residence is $12million home near Mount Bonnell - austonia ›
- Tesla 2021 year in review for austin - austonia ›
- Austin-based Tesla sees record deliveries in quarter 4 - austonia ›
- Cybertruck may not start production at Giga Texas until 2023 - austonia ›
Officials are asking certain residents in Bastrop State Park to evacuate as crews work to put out a “very active fire” that is currently 0% contained.
The Texas A&M Forest Service has responded to help local fire departments with the Rolling Pines Fire at 100 Park Road 1A, which is consuming 300 acres. Residents of Pine Hill Drive, Pine Tree Loop, Linda Lane and Lisa Lane are being asked to evacuate.
Today’s Bastrop Rolling Pines Fire is burning along Power Plant Road towards Lake Bastrop South Shore. pic.twitter.com/YCvJkIAg1u
— BastropCntyTexas OEM (@BastropCntyOEM) January 18, 2022
Aviation resources have been called to assist.
According to the Bastrop County Office of Emergency Management, the wildfire sparked during a prescribed burn that took place today, despite wildfire warnings. Park Road 1C from Harmon Road to Park Road 1A had been closed for the prescribed burn.
The blaze is in the same location as the Bastrop Complex Fire of 2011, which burned for 55 days, killing two people, destroying 34,000 acres and around 1,700 homes and buildings. The fire, which started in 2011, became the most destructive wildfire in Texas at the time.
A hotbed for fires, the Hidden Pines Fire started at the same location in 2015, destroying 4,600 acres and 64 structures.
Some road closures have been put in place at State Highway 21 South Shore Lake Bastrop and East State Highway 21.
This is a developing story and will be updated as information becomes available.
After months of record-setting periods for Austin real estate, the Austin Board of Realtors announced Tuesday that the metro's housing market accounted for over $23 billion of economic activity in 2021, making it the biggest year yet for both home sales and median home prices in the metro.
The Austin-Round Rock MSA saw 41,316 homes sold in 2021, 2.5% more than a record-setting 2020. Median home prices skyrocketed as well, rising 30.8% from 2020 to $450,000. The housing market also saw unprecedented impact on Austin's economy, with sales dollar volume jumping to over $23.38 billion, and more homes hit the market in 2021 than any previous year, increasing by 5.9% to 46,449 total homes listed.
(Austin Board of Realtors)
As many recent Austin homebuyers have experienced firsthand, Austin Board of Realtors 2022 President Cord Shiflet said 2021 was the most "exciting, complicated, fast-paced and record-setting housing market" in Austin's history.
Shiflet dubbed the market as "complicated" for a reason—Austin became a case study on supply and demand in 2021, with demand far outpacing the number of active listings, which dropped by 48.2% to 2,348 homes in 2021.
The metro ended the year with 0.6 months of inventory, a far cry from a "healthy" six-month supply, and houses were snatched at breakneck speeds, spending 25 fewer days on the market when compared to 2020. The average home was on the market for 20 days.
But low inventory is more due to high demand than a stagnant homebuilding market, Mark Sprague, Independence Title's state director of information capital, said in the report.
“In 2021, the record number of homes sold were demand-driven transactions and that demand was influenced greatly by companies continuing to target the region for job creation and expansion," Sprague said. "Even though more homes are being built, listed and sold than ever before, our region is still nowhere close to having a comfortable amount of supply to meet the demand, which is why home prices continue to rise steadily.”
Over 23,000 jobs have been promised by companies across the metro as of December 2021, breaking the 2020 record, according to Opportunity Austin, the economic development arm of the Greater Austin Chamber of Commerce. With an influx of major factories and offices, including Tesla's Giga Texas, Samsung's Taylor plant and a planned 33-floor Facebook office, Sprague said the region's booming market paired with a struggling inventory and supply chain issues could be a double-edged sword in 2022.
"In short, 2022 will see a robust market for home sales and property values, but the region must do more to address inventory, ” Sprague said.
Shiflet recommended that potential homebuyers make a decision ahead of predicted increases in interest rates and home prices and said that he hopes local politicians will continue to prioritize affordable housing in the election year.
Still, Shiflet said a record-breaking housing market reflects Austin's growing reputation as a hub for talent, tech jobs and a good quality of life.
"With all the new jobs across the region from exciting companies like Tesla and Samsung, Austin was put on the world’s stage and captured the hearts and attention of so many," Shiflet said. "We are lucky to call Austin our home when it has so much to offer from a great quality of life to a wonderful destination for innovation and opportunity.”
- Austin metro posts $800M in home sales to foreign buyers - austonia ›
- Austin's housing market is hot, but buyers feel burned out - austonia ›
- What $10 million (or more) can get you in Austin real estate right now ›
- Fall breeze begins cooling Austin housing market ›
- Austin luxury real estate market booms in pandemic - austonia ›
- Luxury real estate to get special tax status under 'blight' statute in ... ›