🍧 Tesla's drive-in restaurants

I’ll have the Musk Burger... with a side of Ludicrous Mode Mayo. That could soon be a reality for Tesla owners: Tesla just filed trademarks for restaurant services, including take-out, self-service, and pop-up restaurants. Think: fries and pressed juice while you juice up your Model S — instant "range anxiety" killer.

Pull up the Elon tweet... Since 2017, Tesla execs have been flirting with restaurant concepts. Picture: Tesla-only charging stations with convenience stores and upscale burger joints. In 2018, Elon tweeted that he was “Gonna put an old school drive-in, roller skates & rock restaurant" at a Tesla Supercharger station in LA. That hasn't happened yet, but Tesla has been developing a "Charge Club" model.

• Tesla opened a lounge at its Kettleman City, CA Supercharger station. Think: free cappuccinos while your car charges — like an airline lounge, but for EV trips.
• Owner-only perks reinforce the "lifestyle brand" strategy. That's why Chinese EV maker Nio created "Nio Houses," sleek showroom-clubhouses to give Nio owners a place to chill.

I'm Blue, da ba dee da ba di... Had to. Yesterday, Twitter started rolling out its first subscription service in Australia and Canada: "Twitter Blue." For ~$3/month, Blue offers access to exclusive features and perks. Like:

• Undo Tweet: A 30-second timer to undo your tweet before it posts. Better than a delete button, worse than an edit button.
• Bookmark Folders: To better organize your saved tweets. Side note: you can save tweets?
• Reader Mode: Provides a "beautiful" reading experience for those long threads we all hate.
• Not included: The power to exceed the 280 character limit. Guess we're sticking with haikus.

I see you diverisifying... Twitter confirmed that "free Twitter" is never going away (greeeeat). Subscriptions are just part of its goal to double annual revenue by 2023. Ad revenue makes up ~90% of Twitter's sales, so subs could add some #diversification — which is currently top of mind for social media companies.

• Apple rolled out iOS changes that could hurt social apps' precious ad-targeting abilities.
• Social giants have been taking heat from lawmakers and regulators about privacy and engagement-driven targeting algorithms.

• Flated: Global food prices posted the biggest jump in a decade, the latest sign of rising food inflation.
• Lulu: Lululemon's quarterly sales soared 88% from last year as stores reopened — and ecomm no longer makes up most of its sales.
• Budget: President Biden offered to keep Trump's tax cuts in his infrastructure counteroffer to Republicans. Still TBD if the Senate will ship it.
• IP: The EU is pushing back against Biden-backed calls to waive patents for Covid-19 vaccines, prepping a rival plan to better protect vax-makers' IP.
• SPACy: Universal Music is reportedly close to being acquired by a SPAC at a $40B valuation, which would be the biggest SPAC deal ever.
• Work: Job growth in May is expected to be strong, which could add to the Fed's debate on tapering bond buying.

• Unemployment rate released

Authors of this Snacks own shares of: Tesla

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Correction: Yesterday, we said that Colonial paid $4.4B worth of Bitcoin in ransom — we meant $4.4M 😑