As Tesla presses accelerator on the product that Elon Musk predicted 80% of the company's value will come from; costs jump and profit falls 43%
Reported by Times of India, not nibnow. We are not the publisher of this story, only the source is.
Tesla’s claim that its Optimus robot could account for over 80% of the company’s value signals a potential shift in its business focus, which could affect investors and the broader auto and robotics markets.
Tesla chief executive Elon Musk recently stated that the automaker's humanoid robot project, known as Optimus, is expected to account for the vast majority of the company's financial worth going forward. According to statements shared by the executive on the social media platform X, these automated machines will eventually drive a massive portion of corporate value, representing roughly eighty percent of the overall enterprise. This forecast follows previous optimistic outlooks expressed by the leadership regarding the same robotic technology, even as the company concurrently deals with rising expenses and a forty-three percent drop in quarterly profits while advancing the initiative.
Optimus is Tesla’s humanoid robot project, intended to perform tasks beyond vehicle manufacturing, and Musk has repeatedly suggested it could become a major revenue source for the company.
- •Watch for announcements on prototype demonstrations or production timelines for Optimus
- •Monitor regulatory or market reactions to Tesla’s emphasis on robotics over traditional automotive sales