Musk: Tesla plans to start low-volume production of humanoid robots in 2025
Date
7/24/2024 1:47:14 AM
(MENAFN) Tesla CEO Elon Musk announced on Monday that the company plans to commence "low-volume production" of its humanoid robots for internal use next year. This comes a few months after Musk had initially declared that these robots would be available by the end of 2024, according to a report from a news agency. In a post on the social media platform X, Musk expressed the electric car manufacturer's "hope" to escalate the production of these robots for other companies by 2026. Earlier this year, in April, Musk had mentioned that Tesla's robot, named Optimus, would be capable of performing factory tasks by the end of the current year, with a target for sales readiness by the close of 2025.
Meanwhile, Japanese automaker Honda and Hyundai Motor Co.'s Boston Dynamics have been actively engaged in the development of humanoid robots for several years. These companies are wagering that robots could potentially address a looming labor shortage and effectively carry out repetitive tasks that are either hazardous or monotonous, such as those found in logistics, warehousing, and manufacturing sectors. The idea is that robots could take on these roles, thus improving efficiency and safety in the workplace.
However, it is noteworthy that Musk has a well-documented history of making ambitious promises to Wall Street that sometimes fall short of fruition. Despite this, the announcement seemed to have a positive impact on investor sentiment, as evidenced by Tesla shares experiencing a roughly 1 percent increase in premarket trading on Monday. This reflects a cautious optimism among investors regarding Tesla's foray into robotics and its potential implications for the company's future growth and innovation trajectory.
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