TECH - Tesla CEO Elon Musk Eyes $25 Trillion Market Cap With Optimus Bot Admits To Being 'Pathologically Optimistic' | Benzinga
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Thursday that there will be at least one humanoid robot for every person in the world in the future and the EV company will have a significant share of that market.
What Happened: Optimus is a humanoid robot designed and manufactured by Tesla, among its several non-EV tech initiatives. While two are currently employed in the company’s Fremont factory, taking cells off the end of the production line and placing them in containers, several others are walking the company’s office in Palo Alto.
Following a major hardware revision by the end of this year or early next year, Tesla expects to commence limited production of the Optimus to work in its factories and test its capabilities, Musk said at Tesla’s annual shareholder meeting on Thursday.
Musk expects the ratio of humanoid robots to humans to be at least one-to-one in the future, meaning there will be at least 10 billion or more humanoid bots. Tesla will deliver a significant share of this, Musk said.
If Tesla had a ...