Future Fund manager Gary Black has underlined how difficult it is to accurately ascertain the value that Tesla Inc.'s (NASDAQ:TSLA) Optimus humanoid robot project brings to the table.
What Happened: Black reposted a two-minute-long video demonstration of Figure AI's humanoid robot, powered by Microsoft Corp.-backed (NASDAQ:MSFT) OpenAI's large language models.
The Tesla bull referred to the increasing competition, adding that this makes it difficult to project what value needs to be attached to Tesla's Optimus project.
"Why it's difficult to add a value for Optimus to valuation."
Why it's difficult to add a value for Optimus to valuation. https://t.co/zPOq5Vf8pm — Gary Black (@garyblack00) March 15, 2024
Black argued that an analyst needs a working product that can be compared to competitive products, a use case, and ...