Tesla’s stock is experiencing an increase on Monday as Elon Musk continues to highlight the potential value of the company’s humanoid robots.
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In a statement on X, Musk remarked, “Tesla will have genuinely useful humanoid robots in low production for Tesla’s internal use next year and, hopefully, high production for other companies in 2026.”
During Tesla’s annual shareholder meeting in April, Musk stated that the Optimus robots would enter limited production in 2025, with more than 1,000 robots expected to be operational by year’s end. Currently, two robots are present on the factory floor, but Tesla has not disclosed their specific tasks.
Musk has even suggested that the robots could add $20 trillion to the company’s market value. However, these robots are not anticipated to go on sale until late 2025, with a projected price range between $20,000 and $30,000.
There is ambiguity regarding Musk’s description of the robots as “genuinely useful.” Previous demonstrations of the technology have raised eyebrows; for instance, a video released in May showed an Optimus robot folding a shirt, which critics allege involved off-screen human control.
Tesla is no stranger to using flashy demonstrations to showcase its products, having previously unveiled the Optimus robot project in 2021 with a dancer in a robot suit.
Analyst Craig Irwin from MKM expressed skepticism on Yahoo Finance, stating, “A sentient humanoid robot by 2025? Come on, they tried to launch this product with a dancer inside of a robot suit. It’s going to be hard for them to catch up to Boston Dynamics. What they’ve shown us is really state of the art for 2014.”
In addition to Boston Dynamics, Tesla faces competition from Honda, Apptronik, and Chinese manufacturers like Dongfeng Motor and Nio, who are experimenting with humanoid robots developed by UBTech Robotics. BMW has also been utilizing humanoid robots from Silicon Valley’s Figure since January.
Following Musk’s remarks, Tesla stock rose by more than 3% on Monday. Year-to-date, shares have stabilized after a significant recovery over the last two months.
Tesla will report its second-quarter earnings on Tuesday, and Musk is anticipated to provide insights on the company’s delayed robotaxi launch.