Trader Joe's Bee Cave location confirmed
Trader Joe's is opening its fourth Austin-area location in Bee Cave. The fifth appears to be teed up to rise in Cedar Park. This article chronicles the expansion of Trader Joe's and other grocers here.
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Yahoo
43 minutes ago
- Yahoo
The Tesla share price could skyrocket next week!
The Tesla (NASDAQ:TSLA) share price is quite frankly hard to keep track of. One moment its down near $220, the next it's pushing towards $400. However, next week could be a big week for the company. The stock's valuation hinges not on electric vehicles (EVs), but its potential leadership in the autonomous driving space. As such, Tesla's upcoming robotaxi launch in Austin, Texas, set for 12 June, has reignited debate over the company's sky-high valuation and the potential for dramatic share price swings in the coming week. The move marks Tesla's long-awaited entry into the autonomous ride-hailing market. With rivals like Waymo, Zoox, and Avride already operating in the city's tech-friendly environment, Tesla may be in danger of falling behind. At the heart of any discussion about Tesla — or any stock — is valuation. Tesla's current and forward multiples remain among the highest in the consumer discretionary sector. The company's forward price-to-earnings (P/E) ratio stands at 180.4 times, nearly 1,000% above the sector median of 16.4 times, and even higher than its own five-year average of 115.1 times. The forward price-to-earnings-to-growth (PEG) ratio is 8.6. That's more than four times the sector median — and remember some of these other companies will pay a dividend. This tells us that even with projected earnings growth, the stock is expensive by growth investing standards. Meanwhile the price-to-sales (P/S) and enterprise value-to-EBITDA (earnings before interest, tax, depreciation, and amortisation) ratios tell a similar story. Tesla's forward P/S is 11.31 (sector median is 0.87), while its forward EV-to-EBITDA is 76.58 (sector median: 9.73). These metrics indicate Tesla is valued not just as a carmaker, but as a tech company with enormous anticipated future profits. The market's optimism, or overoptimism, is rooted in the robotaxi story. Tesla aims to dominate in the sector by quickly scaling its robotaxi operations globally. In theory, it's a high-margin business with strong recurring revenues. This would fundamentally alter the company's earnings profile. However, this optimism is highly speculative and contingent on overcoming significant technical, regulatory, and competitive hurdles. And that's why it's so important that Tesla impresses with its launch next week. There's also the Optimus robot. This is Tesla's humanoid robot, which like the robotaxi venture, is built around developments in artificial intelligence (AI). Optimus could also be game changing. Despite the possibilities, Tesla's valuation leaves little margin for error. And this risk is compounded by the competitive landscape in Austin. Waymo, especially, already established a presence, and its technology relies on different approaches — such as lidar and radar — compared to Tesla's camera-based system. And while Elon Musk touts Tesla's approach as more scalable and cost-effective, the company has a history of missing self-imposed deadlines on autonomy, which could test investor patience if the rollout stumbles. Personally, I want to see Tesla do well. I want companies to succeed and push the boundaries of technology. However, I believe Tesla's execution risk is considerable and the valuation hard to justify. That's why I'm watching from the sidelines. The post The Tesla share price could skyrocket next week! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool James Fox has no position in any of the shares mentioned. The Motley Fool UK has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
TechCrunch
8 hours ago
- TechCrunch
TechCrunch Mobility: How Jony Ive's LoveFrom helped Rivian and what Uber's next-generation playbook looks like
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! I've spent a decade covering Tesla and CEO Elon Musk, so it would be natural for me to weigh in here about the billionaire's public fallout with President Donald Trump. Plenty of other reporters, armchair analysts, influencers, and bloggers have already done that. Some of it is smart, while some of it misses the mark — by miles. Since I have the benefit of institutional knowledge, and a helluva good memory, let me offer some brief reminders and predictions. We've been here before — Musk has a long, well-documented history of creating seemingly strong alliances and then burning it all down. As senior reporter Tim De Chant noted, Elon is getting an introduction to politics. The problem here is that Musk also embraces risk and gravitas — which means that learning something doesn't equate to his behavior changing. Expect a roller-coaster ride of tentative peace followed by public outbursts. Rinse. Repeat. The implications of this fallout promise to be broad and will likely touch all of Musk's various enterprises. I will be monitoring how Tesla EV sales numbers fare and how the 'Big, Beautiful Bill' will actually affect the automaker's business if it is passed into law. In the short term, I will be focused on Tesla's great robotaxi experiment in Austin, Texas, and how Musk's complicated and increasingly toxic relationship with the Trump administration affects his dealings with the Department of Transportation. Prior to his public breakup with Trump, Musk was lobbying lawmakers on legislation related to autonomous vehicles — specifically over a bill introduced on May 15 called the Autonomous Vehicle Acceleration Act. A little bird Image Credits:Bryce Durbin Ever since Rivian spun out Also, a micromobility startup that also received backing from Eclipse Ventures, we've been poking around to find out more. A few little birds have been in touch and helped us better understand how the skunkworks program turned into a stand-alone company; they also revealed a surprising detail: Jony Ive's creative firm LoveFrom worked alongside Rivian's design team and the staff under the skunkworks program. Senior reporter Sean O'Kane and I have the full scoop here. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Got a tip for us? Email Kirsten Korosec at or my Signal at kkorosec.07, Sean O'Kane at or Rebecca Bellan at Or check out these instructions to learn how to contact us via encrypted messaging apps or SecureDrop. Deals! Image Credits:Bryce Durbin Memorandums of understanding rarely grab my attention. But this one did. Joby Aviation and Saudi Arabian conglomerate Abdul Latif Jameel signed a memorandum of understanding to explore a distribution agreement for up to 200 electric aircraft. The tentative deal is notable because Abdul Latif Jameel is already an investor of Joby. If finalized, the partnership could provide Joby with a fast path to monetizing its electric vertical takeoff and landing vehicles in Saudi Arabia. Turning an investor into a customer can complicate the relationship, too (just ask Amazon and Rivian.) Other deals worth noting … Obvio, a California-based startup that is combining AI with cameras placed at stop signs to root out unsafe driving behavior, raised $22 million in a Series A funding round led by Bain Capital Ventures. Obvio plans to use those funds to expand beyond the first five cities where it's currently operating in Maryland. Portless, an e-commerce fulfillment and logistics startup, raised $18 million in a funding round led by Commerce Ventures, with participation from eGateway Capital, Ground Up Ventures, and FJ Labs. Portless uses a Shein-like business model and charges brands duties after an item sells, helping defer the cost of tariffs. Toma, an AI voice startup that is applying its tools to car dealerships, raised $17 million across a seed and Series A round led by a16z. Y Combinator (Toma was in YC's January 2024 cohort), the Scale Angels Fund, and auto industry influencer Yossi Levi, also known as the Car Dealership Guy, have backed the startup. What Uber's executive shuffling is telling us Recent executive shuffling coupled with comments by Uber CEO Dara Khosrowshahi don't just hint at the company's strategy. Nope, this is like a neon blinking sign and the word 'autonomy' is at the center. Earlier this week, Uber announced it had appointed Andrew 'Mac' Macdonald as president and chief operating officer. The company also announced the departure of Pierre-Dimitri Gore-Coty, who ran Uber's delivery business. Gore-Coty's responsibilities will slot under Macdonald, who has been with the company since 2012 and most recently led the mobility and business operations. Another tidbit worth mentioning: He launched Uber's Toronto operations 13 years ago and spearheaded its autonomous strategy. Mac's new role will combine mobility, delivery, and autonomy. At a Bloomberg conference, Khosrowshahi was asked about AVs. He talked about building the AV ecosystem and Uber's stakes in companies (Aurora and Waabi) developing autonomous vehicle technology. 'We want to essentially support the AV ecosystem and continue to help that ecosystem develop and then AVs penetrate into the marketplace,' he said. 'AVs, we think, represent a safer way of transportation. Ultimately, we think it'll expand the marketplace as it makes kind of safe transportation cities available to everybody.' In other Uber news, the company has added a new type of account with a simpler UI for older people. Notable reads and other tidbits Image Credits:Bryce Durbin Autonomous vehicles Tesla filed trademark applications for the term 'Tesla Robotaxi' after the company's previous attempts to secure trademarks for its planned self-driving vehicle service hit roadblocks. Electric vehicles, batteries, & charging I missed this story from Axios reporter Katie Fehrenbacher and wanted to mention it here. Last year, Redwood Materials quietly walked away from the Department of Energy (DOE) loan it had received conditional approval for. To date, Redwood has never received any federal funding. I reached out to Redwood to understand why. Redwood initially applied for a DOE loan in 2021. The process dragged on and at considerable cost to Redwood. Companies that go through this process are responsible for paying the third-party consultants and experts hired to vet the business and technology. By 2024, Redwood was still on the conditional approval limbo. While it was waiting, the company raised more than $2 billion in private funding and generated nearly $200 million in revenue last year. Ultimately, Redwood determined that the costs and constraints of this loan outweighed its value. Future of flight Walmart and Alphabet's Wing are bringing drone delivery to thousands more customers. Wing, which already operates out of 18 Walmart Supercenters in the Dallas-Forth Worth area, is setting up shop in five more U.S. cities through the partnership. In all, more than 100 stores will be added in Atlanta, Charlotte, Houston, Orlando, and Tampa. People Trevor Milton, the recently pardoned founder of Nikola, has been fighting a subpoena from the creditors of his bankrupt electric trucking company. Milton owed Nikola nearly $100 million before it filed for bankruptcy in February, which followed an arbitration case with the company in 2023 related to his criminal conviction that he lost.
Axios
9 hours ago
- Axios
A $91K salary is needed to afford rent in the Seattle area
You have to make nearly $91,000 per year to afford the typical monthly rent in the Seattle metropolitan area, according to a new report. Why it matters: That's about 23% higher than what a Seattle-area household would have needed to earn five years ago, per the analysis from Zillow. It's also about $10,000 more than the income needed to afford the typical rent nationwide, Zillow found. What they did: Zillow assumed that rent should take up no more than 30% of household income — a common standard for calculating affordability. Zoom in: By that measure, affording the typical Seattle area-rent — which came in at $2,271 in April — requires an annual income of $90,840. That's the 11th-highest income needed among the dozens of U.S. metros analyzed by Zillow. Yes, but: The median household income in the Seattle-Tacoma-Bellevue area was $110,744 in 2023 — well above what is needed to afford the typical monthly rent, per Zillow's analysis. That said, a single person may be in for more of a struggle. Census data pegged the per capita income in Seattle at $82,508 in 2023. What they're saying: "Housing costs have surged since pre-pandemic, with rents growing quite a bit faster than wages," Orphe Divounguy, senior economist at Zillow, said in a news release.
