Tesla shares dropped nearly 5% in after-hours trading due to a decline in automotive revenue, despite Bitcoin holdings exceeding $1.2 billion. The company opened a retro-themed diner in West Hollywood. Tesla aims to lead in AI and robotics. The Tesla diner features robots serving customers and plans to introduce cute outfits next year.

Tesla’s Bitcoin holdings reached $1.23 billion at the end of the June quarter, leading to increased volatility. The company’s total other income grew to $284 million in Q2. Tesla holds 11,509 BTC, ranking 10th in companies with Bitcoin reserves. Other companies aggressively buying BTC have impacted Tesla’s position.

Elon Musk revealed plans for upgrading robots at the Tesla Diner with cute outfits. Currently, robots serve popcorn, with plans to expand services next year. The two-story diner in West Hollywood can accommodate over 250 patrons. Some have criticized the diner for its high menu prices, including a $13.50 Tesla burger.

Read more at Cointelegraph: Tesla Stock Falls After Earnings Miss As Elon Musk Floats Cute Robots