405 Freeway through Sepulveda Pass closed overnight for pavement project
The California Department of Transportation will begin the nightly closures at 9 p.m. each night from Monday through Saturday.
The freeway will reopen at 6 a.m. every morning.
Between Monday and Friday, motorists can expect up to two lanes of the northbound and southbound sides between Wilshire Boulevard and Mulholland Drive/Skirball Center Drive to be closed.
On Saturday, only two lanes of the northbound 405 Freeway between Wilshire Boulevard and Mulholland Drive/Skirball Center Drive will be closed. Caltrans said they will try to keep delays capped at 15 minutes
The construction is part of a $143.7 million Caltrans project that covers roughly 10 miles of the freeway between Van Nuys and Westwood. It aims at enhancing safety and improving mobility between West Los Angeles and the San Fernando Valley. Crews plan on fixing two overhead sign structures, 98 sign panel replacements, upgrading 6,400 feet of guardrails and upgrading 10 curb ramps.
Caltrans expects to finish the entire project by Winter 2028 or 2029.
The work schedule is subject to weather and operational reasons. Residents and businesses near the construction may experience noise, vibrations and dust.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
14 minutes ago
- CNN
Tesla's stock is tumbling after Elon Musk failure to shift the narrative
Elon Musk's big promises apparently no longer seem to be enough for many Tesla investors. Shares of Tesla (TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday. Tesla's earnings and revenue both fell by double-digit percentages following the biggest sales drop in the company's history. The automaker also faces a number of financial headwinds, including the loss of a $7,500 tax credit for US EV buyers starting in October, and the vanishing market for regulatory credit sales, which has earned Tesla $11 billion since 2019. But Tesla CEO Elon Musk barely talked about that on the earnings call Wednesday, although he did acknowledge the company 'probably could have a few rough quarters.' Instead, he talked about his grand vision for the future, including Tesla's long-promised robotaxi service; and its humanoid robot, Optimus, which is still in development. The lack of details about the company's plans to solve problems in the near term disappointed some investors and analysts. 'Investors have been very forgiving of Tesla for several quarters now, despite obvious headwinds to their business,' Garrett Nelson, analyst at CFRA Research, told CNN Thursday. 'But I think its investors are taking a more realistic view of the story at this point. Some of his brilliance has been his ability to keep investors focused on the long term and ignoring the near term and intermediate term. Now, headwinds are difficult to ignore.' Nelson downgraded the company's stock to a neutral rating in April. But even some of the Tesla bulls on Wall Street are saying that the time for Musk to take action is running out. 'The street is losing some patience,' Wedbush Securities tech analyst Dan Ives told CNN Thursday, although he said he still believes in the autonomous vehicle and artificial intelligence vision laid out by Musk and Tesla. Musk has made big promises about his robotaxi service, including that it would be in service within a year as early as 2019. Tesla's robotaxis finally rolled out in June this year, albeit in a limited portion of Austin, Texas, to friends and fans of the company, and with an employee sitting beside the empty driver's seat. However, that limited rollout wasn't enough to stop Musk from making extraordinary claims on Wednesday that the service would be available to half the nation's population by year's end. To achieve that, Tesla will need to get regulatory permission to operate in two states per week through the rest of the year, including New York, which does not allow autonomous vehicles on its roads. Morningstar analyst Seth Goldstein said that while he does believe Tesla will eventually be successful in its robotaxi venture, 'the software will require further testing' and he does not expect a full robotaxi product until 2028. But Musk has a history of making grand promises that do not pan out. Like the Cybertruck – the only new vehicle Tesla has offered in the last six years. Musk said Tesla was supposed to be delivering 250,000 vehicles annually by this year. But full-year sales of the Cybertruck and Tesla's two other expensive models were less than 80,000. Sales of the three plunged 52% in the most recent quarter. Tesla also started the year forecasting it would achieve higher sales following its first annual sales drop in its history in 2024. But after two quarters of record sales declines, most investors now assume that it will not meet that goal either. And with Musk himself barely mentioning car sales during an hour-long conference call, it doesn't appear that is enough for shareholders any longer. 'We are mixed on Tesla's ability to meet its robotaxi timelines, cost targets, and scale,' wrote Ben Kallo, an analyst for Baird, in a note to clients late Wednesday. 'So far Tesla has received a pass due to how ambitious/revolutionary these products are, but we think continued sluggishness in the auto business could cause more focus on the near term.'
Wall Street Journal
14 minutes ago
- Wall Street Journal
Musk Tells Tesla Investors to Focus on a Future Filled With Robots
Robotaxis driving around Austin. A humanoid robot serving popcorn in Los Angeles. A Tesla TSLA -8.96%decrease; red down pointing triangle delivering itself to a customer. Tesla Chief Executive Elon Musk is telling investors the carmaker's future is closer than ever—and it doesn't depend on selling electric vehicles. Musk glided past Tesla's falling sales and loss of profits from car sales and EV credits on a call with Wall Street Wednesday evening as he described Tesla as a company in transition. He encouraged investors to look past Tesla's poor financials and focus on its recent achievements with autonomous robotaxis and robots, which he said could make the shrinking EV maker into 'the most valuable company in the world.'
Yahoo
an hour ago
- Yahoo
Musk Predicts a 'Few Rough Quarters' Ahead. Is Tesla Stock Still a Good Buy?
Tesla (TSLA) reported its second-quarter earnings yesterday, July 23, providing a sobering dose of reality. Elon Musk, the visionary CEO known for his bold promises and ambitions, issued a rare cautionary statement. On the Q2 earnings call, he stated that the company is expecting a "few rough quarters" ahead. TSLA is down 9% at the time of writing on Thursday, July 24, and 24.9% year-to-date. Despite its recent struggles and controversies, Tesla has mostly thrived on forward-thinking hype. This message from Musk has made investors question whether Tesla remains a good investment. Let us look at its quarterly results to find out. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Core Business Is Struggling, but Ambitions Remain Intact Tesla's Q2 results arrived with a thud. Total revenue fell 12% year on year to $22.5 billion, driven by a 13.5% drop in vehicle deliveries to 384,122. GAAP gross margins fell further, to 17.2%, well below the 18% posted a year ago and far below the 25% range reported during the EV boom years. Adjusted net income fell 23% from the prior year as the company faced continued pressure from price cuts, rising input costs, and ongoing investments in new technologies such as Full Self-Driving (FSD) and Optimus, a humanoid robot. While Tesla's ambitions appear enticing, the underlying trends in its quarterly numbers indicate a company under pressure. Its core automotive revenue fell 16% YoY. While energy generation and storage typically compensated for declines in automotive revenue in previous quarters, they failed to do so in Q2, falling by 7%. However, the services and other segments' revenue increased by 17%. Free cash flow, while positive, fell 89% year on year, owing primarily to aggressive capital expenditures and R&D expenses. Despite the disappointing results, management highlighted the company's progress in robotaxis, Optimus humanoid robots, AI development, and affordable EVs. Tesla's robotaxi service with full self-driving (FSD) capability is now available in Austin, Texas. Musk stated that Tesla intends to reach half of the U.S. population by the end of 2025, subject to approval from state and federal authorities in California, Nevada, Arizona, Florida, and elsewhere. Aside from the robotaxi, Tesla is rapidly moving forward with another ambitious project, Optimus, a humanoid robot. Musk revealed that the next prototype, Optimus 3, will debut by the end of the year, with production ramping up in 2026 with a goal of 1 million units per year within five years. Musk emphasized that Tesla's expertise in real-world AI provides an unrivaled advantage. He even made a bold comparison: 'Tesla is much better than Google [at AI]. By far.' The Quarters Ahead Will Be Filled With Headwinds The second half of 2025 is not without challenges. New legislation in the U.S. will end the $7,500 Inflation Reduction Act (IRA) EV credit by the end of the third quarter and eliminate emissions penalties, which Musk has warned could reduce vehicle demand and revenue. Tesla has offered incentives and warned that delivery guarantees may not be available after mid-August. Tariffs are also a concern, as Tesla reported a $300 million increase in tariffs this quarter, with the majority of the impact falling on its automotive and energy divisions. Management stated that as production cycles catch up, cost increases are expected to rise in the coming quarters. Nonetheless, the company is sticking to its aggressive investment strategy. This year, it plans to invest $9 billion in capital expenditures, with a focus on Cybertruck expansion, AI infrastructure, and factory retooling. Musk concluded the call by reiterating his vision that if Tesla executes on autonomy (vehicles and robots) and scales its energy division, it will become the most valuable company in the world. What Is Wall Street Saying About Tesla Stock? Following Tesla's Q2 earnings, the Street is largely bearish on the stock. Notably, Wells Fargo analyst Colin Langan has maintained a 'Sell' rating and a price target of $120. He listed a growing number of challenges that could jeopardize the company's performance in the coming quarters. Langan believes that, while Q2 numbers were not worse, the lack of updated delivery guidance and warnings about macroeconomic pressures, such as tariffs and the expiration of key incentives such as the IRA, have raised red flags. Separately, Needham analyst Chris Pierce has maintained a 'Hold' rating for Tesla. Pierce believes Tesla's advancements in autonomy and robotics and plans for a lower-cost vehicle provide compelling future growth opportunities. However, these are offset by weaker near-term demand and an increasing inventory of unsold vehicles. Pierce also pointed out that Tesla's valuation remains high. Tesla currently trades at a premium valuation of 191x forward earnings. Barclays and Bank of America Securities also maintained their Hold ratings on Tesla. Overall, Tesla remains a 'Hold" on Wall Street. Of the 40 analysts covering the stock, 12 recommend it as a 'Strong Buy,' two as a 'Moderate Buy,' 16 as a 'Hold,' and 10 as a 'Strong Sell.' Tesla has surpassed its average analyst target price of $297.86. The high price estimate of $500 implies that the stock can rise by 65% in the next 12 months. The Key Takeaway Tesla finds itself in a high-stakes situation. Musk's caution is justified, given steep revenue declines, shrinking margins, policy headwinds, and the company being in a transition period. Investors who believe Musk will deliver autonomy, robotaxis, humanoid robots, cheaper EVs, AI robotics, and new energy solutions may view the current pullback as a rare buying opportunity. However, for risk-averse investors who are unwilling to face the short-term volatility and 'few rough quarters' ahead, now may be the time to reduce exposure. On the date of publication, Sushree Mohanty did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
