Tesla Bull Gary Black Says Competition From Figure-OpenAI's Humanoid Robot Is Another Reason 'It's Difficult To Add A Value For Optimus'
Portfolio Pulse from Rounak Jain
Gary Black, a Future Fund manager, highlighted the challenges in valuing Tesla Inc.'s Optimus humanoid robot project due to increasing competition, notably from Figure AI's robot powered by Microsoft Corp.-backed OpenAI. Black's conservative valuation approach contrasts with Ark Invest's Cathie Wood, who includes Tesla's AI projects in her valuations. Tesla's Optimus project is under development, aiming to create robots capable of intricate tasks, but still faces significant development hurdles.
March 15, 2024 | 11:47 am
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NEUTRAL IMPACT
Gary Black's comments on the difficulty of valuing Tesla's Optimus project due to competition and the need for a working product for accurate valuation may lead to cautious investor sentiment towards TSLA in the short term.
Black's conservative stance on valuing Tesla's Optimus project, due to the lack of a working product and clear market share projections, may lead investors to adopt a more cautious approach towards TSLA's stock in the short term. However, the ongoing development and potential of the Optimus project could maintain investor interest.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Microsoft Corp.'s backing of OpenAI, which powers Figure AI's humanoid robot, positions MSFT positively in the AI and robotics space, potentially attracting investor interest.
Microsoft's involvement with OpenAI, a key player in the development of Figure AI's humanoid robot, highlights its strategic positioning in the rapidly evolving AI and robotics market. This association could positively influence MSFT's stock as investors look for companies with strong footholds in future technologies.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70