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Tesla to launch humanoid robots
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Tesla to launch humanoid robots

Elon Musk is trying to create fantastic things. The owner of the X social network and founder of Tesla and SpaceX has once again shocked the public with his plans. According to Reuters, Tesla's CEO, Elon Musk, announced that his company plans to release humanoid robots in 2025. Initially, these robots will be for internal use, and then their applications will expand. Earlier, the head of Tesla and SpaceX announced the release of humanoid robots by the end of 2024. "Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year and, hopefully, high production for other companies in 2026," Musk said on X.
In April, the founder of Tesla and SpaceX stated that by the end of 2024, the Tesla robot named Optimus will be able to perform factory tasks. It is expected that this model will go on sale by the end of 2025.
Notably, for several years, Boston Dynamics has been developing humanoid robots. Japanese firm Hyundai Motor is also participating in this project. Both companies are betting on robots to address the labor shortage. These models are intended to perform routine tasks that can be dangerous or monotonously repetitive, such as logistics, warehousing, and various types of assembly line work.
However, Elon Musk's bold promises and revolutionary solutions do not always come to fruition. As a result, his companies' stocks often fall. In 2019, the head of Tesla and SpaceX told investors that Tesla would operate a network of autonomous robotaxis by 2020. However, this did not happen.
Last week, Musk said that the robotaxi presentation would take longer than expected.
So far, Tesla has released the first generation of its robot, Optimus, named Bumblebee. It went into production in September 2022. In 2024, the company introduced the second generation of this model. In a video published by Tesla, you can see the robot folding t-shirts at the company’s factory.
In recent months, Musk's priorities have been artificial intelligence (AI), software for autonomous driving, robotaxi, and the Optimus robot model. This focus comes amid a decline in demand for electric vehicles, which account for more than 80% of Tesla's quarterly revenue.
The company’s management has prepared a report on the results for the second quarter of 2024. Wall Street analysts expect Tesla’s profitability to reach its lowest level in more than five years. Investors are focusing on Musk's ambitious AI plans and the further development of robotaxi.
Published 26 July 2024
© InstaFintech Group
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