Elon Musk Says Tesla Optimus Humanoid Robot Might Be Available Externally By The End Of Next Year: Here's The Progress Report
Portfolio Pulse from Ananya Gairola
Elon Musk announced during Tesla's Q1 conference call that the Optimus humanoid robot could start external sales by the end of 2025, following limited production in 2024. Musk emphasized Optimus' potential to perform factory tasks and its significant value, potentially exceeding all of Tesla's other ventures. This comes after Tesla reported a 9% decrease in Q1 revenue year-over-year, attributed to lower average selling prices and reduced vehicle deliveries. Musk also noted the cost efficiency of Optimus, estimating initial prices between $25,000 and $30,000.
April 24, 2024 | 4:14 am
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POSITIVE IMPACT
Tesla's announcement of the Optimus humanoid robot's potential external sales by end of 2025 and its significant value proposition could positively impact investor sentiment.
The announcement of the Optimus humanoid robot and its potential for external sales by the end of 2025 could serve as a significant positive catalyst for Tesla's stock. Despite a recent 9% drop in Q1 revenue, the optimism surrounding Optimus and its potential to exceed the value of Tesla's current ventures could boost investor sentiment. The robot's cost efficiency and the projected initial pricing further underscore its potential market impact. However, the actual effect on the stock will depend on the company's progress towards these goals and the broader market's reception of this news.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100