Elon Musk Says Cost Of Making An Optimus Is Half That Of Manufacturing A Tesla EV Despite Complexity Of Humanoid Robot
Portfolio Pulse from Anan Ashraf
Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), stated that the cost of manufacturing its humanoid robot Optimus is less than half that of a Tesla EV, despite the robot's higher complexity per unit mass. Musk was responding to ARK Invest's Sam Korus, who suggested software capability, not manufacturing, as the main constraint for humanoid robots. Musk expressed optimism about delivering some Optimus units next year but noted the uncertainty involved. Morgan Stanley's Adam Jonas highlighted the significant market potential for such robots, given their ability to replace the global workforce.
March 27, 2024 | 4:36 am
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POSITIVE IMPACT
Elon Musk's announcement about the lower cost and high potential of the Optimus robot could positively influence investor sentiment towards Tesla, highlighting innovation and market expansion opportunities.
Musk's statement about the cost efficiency and potential market impact of the Optimus robot underscores Tesla's innovative edge and diversification into new markets. This could lead to positive investor sentiment, as it highlights not only cost efficiency in production but also Tesla's potential to tap into the significant global labor market, as noted by Morgan Stanley's Adam Jonas. However, Musk's caution about the uncertainty of delivery timelines introduces a note of caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100