Elon Musk predicts Tesla's Optimus robots will drive company to $25 trillion valuation

[midian182]

WTF?! The top three most valuable companies – Apple, Microsoft, and Nvidia – all have a market cap of just over $3 trillion. That's a lot of money, but not compared to the $25 trillion that Elon Musk believes Tesla could one day be worth, thanks to its Optimus humanoid robots.

Speaking at the company's 2024 annual shareholder meeting, Musk said that in the future, there will be at least one humanoid robot for every person in the world and that Tesla will control a massive share of this market.

It was back in August 2021 when Tesla announced that it was creating a general-purpose, bipedal, humanoid robot capable of performing tasks that are unsafe, repetitive, or boring for humans to carry out. The latest version of Optimus, which is faster and has better mobility, was shown off earlier this year.

Musk called the robot Tesla's most important in-development product in 2022, potentially bigger than its vehicle business.

The billionaire said that several Optimus robots have already been put to work at Tesla's Fremont factory, taking cells off the end of the assembly line and putting them in shipping containers. Musk believes this is only the beginning, and that Tesla will have a thousand robots working in its factories by the end of next year. As is the case with robot-loving Amazon, such a claim is bound to bring concerns over what more robot workers will mean for human jobs.

While humanoid robots such as Agility Robotics' Digit are finding their way into industrial environments, we're pretty far from a Detroit: Become Human-style future where everyone has their own personal android. Musk previously said the Tesla robot could be an "incredible buddy like C3PO or R2-D2" and that it will be able to "develop a personality over time that is unique." He suggested they could do the cooking and cleaning for owners, or even teach their children, which may suggest exactly what Musk thinks buddies are for.

The CEO said Tesla would move into "limited production" of Optimus in 2025.

Tesla's current $580 billion market cap makes it the tenth most valuable company in the S&P 500. Musk said autonomous vehicles could get the company to a market cap of $5 trillion to $7 trillion, presumably before the robots push it to $25 trillion. Musk described himself as "pathologically optimistic" during the meeting.

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Elon Musk predicts Tesla's Optimus robots will drive company to $25 trillion valuation

 

[Uncle Al]

Oh, he's pathological alright but it has nothing to do with being an optimist ..... LOL

 

[stewi0001]

I wish people would stop giving him money

 

[dirtyferret]

Someone needs to tell Elon that's not how you pronounce "Liar"

 

[maxxcool7421]

Dude thinks he's Eldon Tyrell .. when really he's justin hammer's poop stain ..

 

[kira setsu]

I really wish the world would stop giving the mic to stupid people, all it does is give the other stupid more hope, and hope is a dangerous thing.

 

[Endymio]

Oh, he's pathological alright but it has nothing to do with being an optimist

When Musk told people he'd take a bankrupt EV maker with no product on the market to a firm more valuable than any other automaker on the planet -- and do it in just 10 years - people called him crazy too.

He got the last laugh though.

I really wish the world would stop giving the mic to stupid people...

He's built four multi-billion dollar corporations from the ground up, and one trillion-dollar one, whereas the people who post criticisms like this serve lattes and perform oil changes.

 

[techstrike]

Is he and psychologist now ?

how he came in that conclusion ?

 

[toooooot]

Robots need much bigger brains to become more than they are today.

 

[BbN48]

"He suggested they could do the cooking and cleaning for owners, or even teach their children, which may suggest exactly what Musk thinks buddies are for."

Silly little swipe, Rob Thubron. Unfunny and unnecessary.

Lots of lowbrow "musk bad" in the comments too.

 

[kiwigraeme]

When Musk told people he'd take a bankrupt EV maker with no product on the market to a firm more valuable than any other automaker on the planet -- and do it in just 10 years - people called him crazy too.

He got the last laugh though.


He's built four multi-billion dollar corporations from the ground up, and one trillion-dollar one, whereas the people who post criticisms like this serve lattes and perform oil changes.

Here's your chance, get some shares - in a decade you will be super rich
Lets just see how tesla is doing in 10 years , as now just another EV company

If you believe in Elon, buy the shares

See if the push hard . go fast strategy works for optimus prime.
Their cars are far from autonomous, Just enough tech to do what it needs to lane change, follow etc if right lighting conditions . Space X is more impressive though,
You be able to live on Mars in rich luxury in condos built by Elon

 

[Zsoltblabla]

People whose biggest achievement is to be another sheep voice their opinions on a guy who built several multi billion dollar businesses.
Pathetic…

 

[Thrackerzod]

All of these companies already existed before he purchased them. He didn't found anything.

 

[Endymio]

Here's your chance, get some shares - in a decade you will be super rich
Lets just see how tesla is doing in 10 years , as now just another EV company

If you believe in Elon, buy the shares...

Your snarky response lacks a couple referents. All other "other EV companies" are now bankrupt, and the traditional automakers are shedding EV models and losing tens of billions of dollars on those they're retaining. Tesla is still the only automaker in the world able to make a profit on EVs

Still, Musk knows better than you that future growth won't come from EV sales. Tesla's large-scale battery segment -- storing energy for home and commercial purposes -- is experience huge growth, and Musk believes that in ten years time, the majority of Tesla's revenues will be from robots, not EVs.

All of these companies already existed before he purchased them. He didn't found anything.

Why spread misinformation? SpaceX -- founded by Musk. X (which merged to become Paypal) -- founded by Musk. The Boring Company -- founded by Musk. And while Tesla was founded 'on paper' a few months before Musk became their primary investor, the "company" at that time had no offices, no factories, no product, and -- for several years afterwards -- not even the firm design of a product.

 

[kiwigraeme]

Your snarky response lacks a couple referents. All other "other EV companies" are now bankrupt, and the traditional automakers are shedding EV models and losing tens of billions of dollars on those they're retaining. Tesla is still the only automaker in the world able to make a profit on EVs

Still, Musk knows better than you that future growth won't come from EV sales. Tesla's large-scale battery segment -- storing energy for home and commercial purposes -- is experience huge growth, and Musk believes that in ten years time, the majority of Tesla's revenues will be from robots, not EVs.


Why spread misinformation? SpaceX -- founded by Musk. X (which merged to become Paypal) -- founded by Musk. The Boring Company -- founded by Musk. And while Tesla was founded 'on paper' a few months before Musk became their primary investor, the "company" at that time had no offices, no factories, no product, and -- for several years afterwards -- not even the firm design of a product.

Nah straight up , it you believe in Elon, buy the shares.
Quite simple.
Tesla's edge is eroding , as other car manufacturers ramp up ignoring Chinese EVs of dubious quality . Hybrids, other tech as well coming on online.
Battery tech , price safety etc will have a large impact

All the big corps are looking for new markets Apple control your health , insurance, education, entertainment probably for example

Elon as I said likes pushing fast , neural implants etc. Some is pie in sky - Mars is a vanity project

Robots to assist elderly etc must be massive. My person opinion is lot will be timing like the original iphone. Lots of things have to be done to get it done right
Given Tesla is still not close to an autonomous car. Given need back up tech to ensure safety .

However many individual parts are being solved, ie just like a car relies on many hardware ,software manufacturers, the same will be even more so for general purpose Robots

One of the reasons people exciting China , is when a factory uprooted from Germany to China it maybe needed 10000 workers , now only needs say 1000, As robotics is already massive. Most highly efficient specialised bespoke probably .

Elon is just one of many chasing this, as I said - if you think Elons strategy push hard and fast is the right one , buy shares

It's not a bad strategy as perfectionists often never bring or are too late.
throwing something out and updating. modifying it can be the quickest way

Elon has a big advantage money and singular control

X is not his forte too messy, pleasing advertisers etc

I've always told people to walk the walk
When they turned old to leave school and whined they hated it , told them to shut up or leave.
When I met people who said they would love to travel like I did , I said no you don't, else you would ( oh but I have a job) , Sometimes I say nada to be polite
Lots of whiners don't walk the walk , hey why don't you give me this. the place down the road does. - Yeah their price is $20 more, I can throw it in for $5 , Nah don't want it even though I whined on for 2 minutes .

$10 000 of shares with money you don't need now with a 50x increase plus dividends for future. Is it the walk for you?
Can't imagine downside risk would be too much. These big companies , have lots of pies, and can buy new startups and tech to keep going

 

[Rudyduu]

When Musk told people he'd take a bankrupt EV maker with no product on the market to a firm more valuable than any other automaker on the planet -- and do it in just 10 years - people called him crazy too.

He got the last laugh though.


He's built four multi-billion dollar corporations from the ground up, and one trillion-dollar one, whereas the people who post criticisms like this serve lattes and perform oil changes.

He was a part of the company well before they went bankrupt when Elon was CEO he had to dig into his own pockets, but the company raised an additional $110 million from other sources, to get out of the risk of bankruptcy. There is no way to know if Musk prevented Tesla going bankrupt and if he caused the company to get close to going bankrupt.

Additionally, Tesla might be valuated at a high price, but the profits they've made is well below other manufacturers who sell millions more vehicles. While Tesla is the media darling they will do okay, but their brand isn't strong enough to survive competition if the media ever turns against them.

 

[Endymio]

[Musk] was a part of the company well before they went bankrupt ....

Oops! Musk's role before then was simply as an investor -- he wasn't making the decisions that led to that event.

....when Elon was CEO he had to dig into his own pockets, but the company raised an additional $110 million from other sources.

Oops again! Musk was made CEO as part of the deal that involved him "digging into his own pockets". And the additional money raised was a deal worked by Musk.

...There is no way to know if Musk prevented Tesla going bankrupt and if he caused the company to get close to going bankrupt.

Logic really isn't that difficult. Why not try it sometime? When Musk wasn't in charge, the company nosedived. When Musk WAS in charge, it went from bankrupt to worth $1 trillion, more than any other automaker on the planet.

Tesla might be valuated at a high price, but the profits they've made is well below other manufacturers who sell millions more vehicles.

Err, what? Tesla is the ONLY automaker making a profit on EVs. You're attempting to compare EV margins to those of conventional vehicles? Come again?

 

[Northy]

It's hilarious\insane how the takeover of Twitter has triggered so many people (don't change my tweet space noooo, I'm gonna post hate vitriol now and make it a hate space, see? Elon tech spreads hate and I proved it.)

Before that Elon was everyone's golden boy. xD