• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Optimus, Elon Musk’s Tesla Robot to Be Released This Year

by July 10, 2024
written by July 10, 2024

Optimus: Tesla’s Humanoid Robot Set to Launch This Year

Back in June, at Tesla’s annual shareholder meeting, Elon Musk made an ambitious declaration. He predicted that the future would see at least one humanoid robot per person, estimating that there would be 10 billion humanoid robots populating the Earth in the upcoming years.

Rest assured, Tesla claims to have a significant share in this rapidly evolving industry. According to Musk, the Optimus project could easily reach a $25 trillion market cap. Meanwhile, the Electro Vehicle (EV) production seems to stand at only about $5-7 trillion.

Today, Elon Musk teased Tesla’s most recent creation – humanoid robot Optimus 2.0 on platform X. Musk shared that the robot has undergone significant modifications, referring to it as “something special.” The complete version of the humanoid will be presented to the public eye later this year.

At the moment, Tesla has put the robot prototype through a major hardware revision. After some planned test drives, the company will implement the robots as employees at its factory. Musk reckons that by next year, a few thousand Tesla humanoid robots could be working at his company.

What We Know About the Elon Musk Project So Far

At an AI Day event in 2021, Tesla first disclosed its intentions to step into advanced robotics by showcasing a dancer dressed in a unitard. The humanoid appeared to be a sleek, androgynous robot.

Fast-forward three years, in January 2024, Tesla presented their next creation: Optimus robot, capable of folding the laundry, cleaning and accomplishing other household duties. At first, it seemed like futuristic movies had suddenly become a reality.

However, the project received quite a bit of negative backlash. The critics claimed that the robots were lacking autonomy. Besides, humans themselves operated the robots with remote controls. Overall, the Elon Musk Project did not cause much astonishment.

Back in June, Tesla provided a few updates on Optimus and the accomplishments the humanoid robot has made over the previous 12 months. The company states that Optimus has already undergone three significant design changes. Over the last two years, four revisions were made to the humanoid robot’s hands.

As of now, Tesla’s Fremont factory is already using two Optimus bots to pick cells off the end of the production line and place them in containers.

Autonomous Navigation and Deployment

Musk recently hinted at a few design modifications that will resemble Optimus in its ultimate form. Nonetheless, the robots still require quite a bit of work to be done. Although given that the humanoid robots are already navigating through Tesla’s offices and labs, it might not be too long before the public sees Optimus in its’ prime action. According to the latest update from Musk, a couple of robots are already fully integrated into one of Tesla’s factories.

By the end of 2025, Tesla might begin selling Optimus externally. During the first quarter earnings call by TSLA, Elon shared the robot’s recent achievements. Optimus can easily perform basic factory activities in the lab. Now, closer to the end of this year, the company will begin a limited production and integration process within the original factory itself. However, as Musk stated, these predictions are only estimates.

Musk also revealed at the end of the second quarter that Tesla intends to rent out the Optimus robot before it’s available for sale.

Notably, Musk is now trying to turn Tesla into a hybrid producer with various manufacturing spheres. These include robotics, energy storage, autonomous driving, artificial intelligence, and sustainable energy companies. Given these developments the company is entering a new era where it will have to compete with Boston Dynamics, Figure AI and other already well-established humanoid robot makers.

Optimus: Optimistic Projections

At the 2024 annual shareholder meeting in Austin, Texas, Musk, who described himself as “pathologically optimistic,” stated that Tesla is not only starting a “new chapter” in its history but is also getting ready to write a whole “new book.” It seems that Optimus is one of the primary characters.

Musk withheld specifics about what Optimus can accomplish at Thursday’s shareholder event. He predicted that one day, robots might act like C-3PO and R2-D2 from “Star Wars.”

Musk claimed the robots could be caring for your cleaning and cooking, performing tasks in the factory, or even tutor your kids. Regarding value to shareholders, Musk stated that Optimus might eventually be the driving force behind Tesla’s market valuation reaching $25 trillion.

In an auditorium at the Gigafactory, Musk addressed an audience primarily of adoring fanboys. He declared that Tesla would begin “limited production” of Optimus in 2025 and begin testing humanoid robots in its facilities the following year. He projected that by 2025, the company will have “over 1,000, or a few thousand, Optimus robots working at Tesla.”

The post Optimus, Elon Musk’s Tesla Robot to Be Released This Year appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Oil and natural gas: Oil fell to a new low this morning
next post
S&P 500, Nasdaq close at all-time highs ahead of inflation data and second-quarter earnings reports

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump declares US will win global AI race during executive order signing ceremony: ‘Whatever it takes’

    July 24, 2025
  • Majority of Americans back Israeli airstrikes on Iran, poll shows

    June 13, 2025
  • Trump meets with Syria’s interim president after pledging to lift sanctions on war-torn country

    May 14, 2025
  • Trump’s WLFI $336M crypto holdings spark concerns ahead of White House summit

    March 6, 2025
  • Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

    September 29, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,064)
  • Investing (634)
  • Stock (926)

Latest Posts

  • After stinging election defeats, DNC eyes rural voters as key to 2026 midterm success

    January 31, 2025
  • Morning Glory: Trump’s approval ratings have never been higher

    December 17, 2024
  • Over 150 lawmakers lend support to resistance movement inside Iran as regime’s proxies fall

    February 26, 2025

Recent Posts

  • 401k Rollover to an IRA in a Few Easy Steps

    August 21, 2024
  • NASA astronauts stranded in space due to Biden’s ‘lack of courage,’ White House says

    March 19, 2025
  • NEWT GINGRICH: The Trump-Johnson-Thune budget victory

    March 15, 2025

Editor’s Pick

  • America’s Golden Dome can’t wait

    March 31, 2025
  • Temu halts shipping direct from China as de minimis tariff loophole is cut off

    May 4, 2025
  • Cambodia to nominate Trump for Nobel Peace Prize for role in ending country’s conflict with Thailand

    August 2, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock