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CEO Elon Musk predicted that Optimus robots, which have yet to hit the market, will eventually make up more than three-quarters of his automaker’s value.
In a post on X on Monday, Musk wrote, ”~80% of Tesla’s value will be Optimus.” In mid-2024, Musk predicted that Optimus robots would someday turn Tesla into a $25 trillion company, which was equal to more than half of the entire value of the S&P 500 at the time of his comment.
With Tesla in the midst of a multi-quarter sales slump due to competition from lower-cost Chinese competitors, an aging lineup of electric vehicles and Musk’s incendiary political rhetoric and involvement with the Trump administration, the world’s richest person has been trying to convince Wall Street to look to the future.
For Tesla, that dream revolves around a world filled with robotaxis and humanoid robots, powered by artificial intelligence.
