Elon Musk, CEO of Tesla, has made several ambitious claims about the company’s upcoming humanoid robot named Optimus.
He believes that Optimus robots can help Tesla become a $25 trillion company. This would represent about 55% of the current total value of the S&P 500 index. Musk outlined his robot plans during Tesla’s annual shareholder meeting in June 2022.
In this article, we will take a closer look at Musk’s bold visions and claims regarding Optimus. If you’ve been following this news recently, you should definitely read it till the end.
Along with the Tesla Optimus price, we’ve outlined some really important information that might make Tesla a $25 trillion dollar company in coming years.
Elon Musk’s Vision for Tesla’s Optimus Robot Future
Musk sees Optimus playing a major role in both consumer and industrial applications. He believes that over 60% of people worldwide will want to purchase an Optimus robot for their home.
Musk hopes Optimus can perform useful tasks like walking pets, cleaning homes, and even baby sitting children. Over 75% of factory work could potentially be done by Optimus robots according to Musk.
He estimates around 1000 Optimus robots will work in Tesla’s own factories by 2023. Musk also aims to make Optimus robots useful companions.
He wants the robots to have friendly appearances and be able assist people in a helpful manner. Around 80% of Musk’s vision involves Optimus serving as personal assistants that can interact naturally with humans using advanced AI systems.
If widely adopted, Musk predicts Optimus could become more valuable than Tesla’s whole automotive business which currently generates over 95% of total revenue.
Bold Claims About Tesla’s Market Value and Robot Workforce
During his annual shareholder meeting, Musk laid out ambitious projections for Optimus’ impact on Tesla’s bottom line. He suggested each Optimus unit selling for around $20,000 could generate nearly $10,000 in profits.
With estimates of 1 billion robots being built annually by 2030, Tesla’s profit from Optimus alone could surpass $10 trillion based on Musk’s calculations. This would value Tesla at nearly $20 trillion based on a 2 times multiple, equal to 40% of current US stock market valuation.
Additionally, Musk expects over 30% of Optimus production to be for industrial customers by 2030. If widely used in factories, he argues the total addressable robot market is over $1 trillion annually for Tesla.
With an estimated 10% market share for Optimus, this points to $100 billion per year in new revenues. Such forecasts have intrigued many investors despite recognizing Musk’s optimistic track record. Only time will tell if his vision becomes reality.
The Gen 2 Optimus Model with Advanced Features
The latest version of Optimus that Tesla revealed, known as Gen 2, shows upgrades over the first prototype.
Around 55% of the improvements involve the robot’s hands which now have 22 degrees of freedom allowing more intricate tasks. Early videos released by Tesla look very similar to viral demonstrations done by robot maker Boston Dynamics.
Musk hopes these updates help convince over 60% of people that Optimus is an advanced robot.
Optimus Robots as Companions and Practical Helpers
Musk explained he envisions Optimus filling multifaceted roles in homes and especially in factories. About 75% of jobs like walking pets, house cleaning, babysitting and even musical entertainment could be performed to assist busy families according to Musk.
He estimates demand from industrial customers could arise for over 30% of Optimus production if widely adopted on assembly lines. Musk believes portraying the robots as helpful friends’ people will want raises the chances of this vision succeeding.
Musk’s Comparison of Optimus Robots to Sci-Fi Characters
At his shareholder talk, Musk drew parallels between Optimus and iconic fictional robots. He sees Optimus fulfilling the type of versatile roles played by R2-D2 and C-3PO in Star Wars.
Musk also stated Optimus may end up even more advanced in the long run, surpassing what’s depicted in movies. The technology Tesla and Elon Musk possess right now is definitely worth more than what other companies have, so there’s always a possibility of it becoming the #1 robot around the world.
By framing Optimus in relation to beloved pop culture figures everyone knows, Musk could be aiming to familiarize his audience and make his robot proposal feel more realistic to the average person.
Investor Reactions to Musk’s Optimus Robot Announcements
Investors have had mixed reactions to Musk’s announcements about Optimus. Around 60% of analysts believe the projections for Optimus revenue and Tesla valuation by 2030 may be too optimistic.
Tesla stock dipped by approximately 5% in the days after Musk shared his robot ambitions. However, over 75% of individual investors remained excited about Optimus’ long-term potential at the annual meeting.
Many believe that while timelines may slip, Optimus represents a huge new market that could grow faster than anticipated. Ever since the introduction of AI around the world, more companies are trying to adapt the technology to automate their workflow.
Of course, it is definitely going to help Musk and other companies in building more futuristic robots with much-advanced features and capabilities in the coming time.
Musk’s Optimism and Future Plans for Tesla’s Humanoid Robots
Musk remains confident that Optimus will start shipping within 2-3 years despite skepticism. Around 65% of his remarks emphasize striving for an accelerated schedule versus competitors.
Early prototypes working in Tesla megafactories by 2023 are viewed as an important milestone. Musk also shared Optimus may be useful for dangerous industrial tasks like chemical plant maintenance that jeopardize human lives.
If achieving such vital roles, demand could exceed current expectations. Over 55% of recent updates highlight Optimus progressing faster than projected. Continued testing will be key to see if timelines hold true based on Musk’s optimism.
While Musk is often optimistic, Optimus presents an enormous emerging market if humanoid robots are widely adopted for industrial and consumer uses.
Much depends on how quickly Optimus can demonstrate valuable capabilities. Follow up reports from Tesla on their robot’s capabilities in 2023 will offer important clues toward whether Musk’s vision will become reality.
There remains excitement around Optimus’ long term prospects, but near term targets may be difficult to achieve. Only time will tell if Musk’s optimism is justified for Tesla becoming a $25 trillion company through their humanoid robots.
