Tesla’s stock experienced an increase on Monday as Elon Musk continues to highlight the potential value of the company’s humanoid robots. Analysts suggest that tech stocks, including giants like Nvidia and Apple, may benefit from upcoming Federal Reserve rate cuts.
On Monday, Musk tweeted that Tesla plans to have genuinely useful humanoid robots in limited production for internal use next year, with hopes for higher production levels for external companies by 2026. During Tesla’s annual shareholder meeting in April, Musk projected that the Optimus robots would enter limited production in 2025, with more than 1,000 units operational by year-end. Currently, two robots are on the factory floor, though Tesla has not disclosed their specific tasks.
Musk has previously indicated that the introduction of these robots could add as much as $20 trillion to Tesla’s market capitalization. However, the robots are not expected to be available for sale until late 2025, with an anticipated price range of $20,000 to $30,000.
The definition of “genuinely useful” remains ambiguous, particularly as past demonstrations have drawn skepticism. In May, Tesla faced criticism for sharing a video of an Optimus robot folding a shirt, which appeared to be controlled by an individual off-screen. Additionally, Tesla’s initial introduction of the Optimus project in 2021 featured a dancer in a robot costume.
Analyst Craig Irwin from Roth MKM expressed doubts about achieving a truly sentient humanoid robot by 2025, noting the existing competition from companies like Boston Dynamics. He emphasized that Tesla’s displayed technology seems outdated compared to current advancements.
Tesla will also compete against other notable players in the humanoid robotics space, including Hyundai Motor’s Boston Dynamics, Japan’s Honda, and Apptronik. Chinese firms Dongfeng Motor and Nio are conducting trials with humanoid robots from UBTech Robotics, while BMW has begun utilizing Figure’s humanoid robots since January.
Following Musk’s remarks, Tesla’s stock rose over 3% on Monday. The company’s shares have remained relatively stable year-to-date after experiencing a strong recovery over the past couple of months. Tesla is set to report its second-quarter earnings on Tuesday, where Musk is expected to provide an update on the much-anticipated robotaxi project.