Tesla’s stock experienced an uptick on Monday as CEO Elon Musk highlighted the potential of the company’s humanoid robots. Musk shared on X that Tesla aims to have “genuinely useful humanoid robots” in limited production for internal use next year, with hopes for higher production for external customers by 2026.
During Tesla’s annual meeting in April, Musk mentioned that the Optimus robots would enter limited production in 2025, projecting over 1,000 units operating within Tesla by the end of that year. Currently, two robots are active on the factory floor, although their specific tasks have not been disclosed.
Musk has suggested that these robots could significantly enhance Tesla’s market value, estimating that they might contribute an additional $20 trillion. The robots are not expected to be made available for sale until late 2025, with projected prices ranging between $20,000 and $30,000.
However, the practicality of these robots remains uncertain, as previous demonstrations have raised skepticism. Notably, a recent video showcasing an Optimus robot folding a shirt was allegedly manipulated, with an off-screen individual controlling the robot. This follows Tesla’s controversial 2021 introduction of the Optimus project, which featured a person dressed in a robot costume.
Analyst Craig Irwin from Roth MKM expressed doubt over Tesla’s ability to compete with established players like Boston Dynamics, suggesting that Tesla’s current offerings are outdated.
In addition to Boston Dynamics, Tesla faces competition from Honda and Apptronik in the humanoid robot space. Chinese companies Dongfeng Motor and Nio are experimenting with robots from UBTech Robotics, while BMW has incorporated Silicon Valley’s Figure robots since January.
Following Musk’s statements, Tesla’s stock climbed more than 3% on Monday. Year-to-date, shares have remained relatively stable after a significant rebound over the last two months. Tesla is set to report its second-quarter earnings on Tuesday, where Musk is anticipated to provide insights on the postponed robotaxi launch.