WTF?! The highest three most respected firms – Apple, Microsoft, and Nvidia – all have a market cap of simply over $3 trillion. That is some huge cash, however not in comparison with the $25 trillion that Elon Musk believes Tesla may in the future be price, because of its Optimus humanoid robots.
Talking on the firm’s 2024 annual shareholder assembly, Musk mentioned that sooner or later, there might be at the least one humanoid robotic for each individual on the planet and that Tesla will management an enormous share of this market.
It was again in August 2021 when Tesla announced that it was making a general-purpose, bipedal, humanoid robotic able to performing duties which might be unsafe, repetitive, or boring for people to hold out. The newest model of Optimus, which is quicker and has higher mobility, was proven off earlier this 12 months.
Musk referred to as the robotic Tesla’s most vital in-development product in 2022, doubtlessly larger than its automobile enterprise.
The billionaire mentioned that a number of Optimus robots have already been put to work at Tesla’s Fremont manufacturing unit, taking cells off the top of the meeting line and placing them in transport containers. Musk believes that is solely the start, and that Tesla may have a thousand robots working in its factories by the top of subsequent 12 months. As is the case with robot-loving Amazon, such a declare is certain to deliver issues over what extra robotic staff will imply for human jobs.
Whereas humanoid robots equivalent to Agility Robotics’ Digit are discovering their manner into industrial environments, we’re fairly removed from a Detroit: Become Human-style future the place everybody has their very own private android. Musk beforehand mentioned the Tesla robotic might be an “unbelievable buddy like C3PO or R2-D2” and that it is going to be capable of “develop a persona over time that’s distinctive.” He instructed they may do the cooking and cleansing for homeowners, and even train their kids, which can recommend precisely what Musk thinks buddies are for.
The CEO mentioned Tesla would transfer into “restricted manufacturing” of Optimus in 2025.
Tesla’s present $580 billion market cap makes it the tenth most respected firm within the S&P 500. Musk mentioned autonomous automobiles may get the corporate to a market cap of $5 trillion to $7 trillion, presumably earlier than the robots push it to $25 trillion. Musk described himself as “pathologically optimistic” throughout the assembly.
