Tesla’s stock saw a notable increase on Monday following comments from CEO Elon Musk highlighting the company’s ambitious plans for humanoid robots. Musk stated on social media platform X that Tesla aims to have functional humanoid robots available for internal use by next year, with widespread availability for other companies projected for 2026.
During a shareholder meeting in April, Musk outlined that Tesla’s Optimus robots would enter limited production by 2025, anticipating over 1,000 units operational within the company by year-end. Currently, two prototypes have been integrated into Tesla’s factory operations, although specific tasks assigned to these units remain undisclosed.
Musk also mentioned the potential for the humanoid robots to significantly impact Tesla’s market capitalization, estimating a possible addition of $20 trillion. The robots are expected to be commercially available towards the end of 2025, with a price tag anticipated to range between $20,000 and $30,000.
However, skepticism surrounds the robot’s capabilities. Past demonstrations have raised questions about their practicality, with critics noting one instance where footage suggested a robot performed a task that was actually controlled by an off-screen operator. Analysts have expressed concerns that Tesla may struggle to compete with established robotics firms like Boston Dynamics.
Despite the doubts, Tesla’s stock climbed more than 3% on Monday in response to Musk’s optimistic comments. The company’s shares have seen a steady recovery over the past couple of months, leaving them fairly stable year-to-date.
With Tesla set to report its second-quarter earnings on Tuesday, all eyes will be on Musk for further insights regarding the much-anticipated robotaxi rollout.
In conclusion, while skepticism exists surrounding Tesla’s ambitious humanoid robot venture, the stock market’s reaction indicates a level of investor confidence in Musk’s vision. As Tesla evolves and pushes the boundaries of technology, there remains hope that significant advancements could lead the company into a new era of robotics and automation.