Tesla’s stock experienced an increase on Monday as Elon Musk emphasized the potential of the company’s humanoid robots. In a statement posted on X, Musk mentioned that Tesla would have operational humanoid robots for internal use in limited quantities by next year and aims for mass production for other businesses in 2026.
During Tesla’s annual shareholder meeting in April, Musk indicated that the Optimus robot would enter limited production in 2025, with an expectation of over 1,000 units operational at Tesla by year’s end. Currently, two robots are deployed on the factory floor, although their exact roles have not been disclosed.
Musk posited that the robots could significantly boost Tesla’s market value, potentially adding up to $20 trillion. However, sales of the robots are not anticipated until late 2025, with projected prices ranging from $20,000 to $30,000.
There is some skepticism regarding Musk’s claim of the robots being “genuinely useful.” Previous demonstrations have attracted criticism; for instance, Tesla was accused of showing a video where an Optimus appears to fold a shirt but is allegedly controlled by a person off-camera.
There are concerns about Tesla competing in this space, especially with established players like Boston Dynamics, Honda, and Apptronik. Chinese companies such as Dongfeng Motor and Nio are integrating humanoid robots from UBTech Robotics into their production lines, while BMW has been utilizing humanoid robots from Silicon Valley’s Figure since January.
Following Musk’s comments, Tesla’s stock climbed over 3% on Monday. The shares have remained stable year-to-date after recovering significantly in the past couple of months. Tesla is set to report its second-quarter earnings on Tuesday, where Musk is expected to provide updates on the long-delayed robotaxi project.