All articles tagged with #optimus
Tesla is on track for an eighth consecutive weekly loss, about 23% down year-to-date, as investors await catalysts such as version 3 of the Optimus robot, robotaxi updates, and a cheaper EV SUV. Q1 deliveries rose 6.3% year over year to 358,023, with an April 22 earnings report expected to shed more light on catalysts; analysts show a Hold rating with an average target of about $392.63, implying roughly 14% upside.
Elon Musk announced Terafab, a massive semiconductor plant to be built in Austin by xAI, SpaceX and Tesla, targeting up to 1 terawatt of output per year. The factory would create an end‑to‑end loop for chip design, masks and testing and produce two main chip types: high‑power chips for Optimus robots and EVs, and space‑grade chips designed to endure harsh space environments. Musk says Terafab aims to accelerate robotics, AI and space initiatives and envisions a future with abundant access to advanced technology and interplanetary travel.
Elon Musk reportedly shifts SpaceX’s focus from Mars to a self-sustaining Moon city, using lunar soil and 3D printing to expand a lunar base and Optimus robots to build infrastructure before humans arrive, with aims for unmanned Starship landings by 2027 and lunar factories/data centers for AI.
Tesla’s stock has climbed about 134% over three years and could double if Optimus reaches human-level proficiency by 2026, supported by a planned 2026 production start, heavy emphasis on real-world AI training data, and a shift to recurring AI services. While optimism for long-term profitability is high, near-term results depend on capital spending and successful scaling of production, so a rapid double this year is unlikely unless earnings growth accelerates.
Tesla plans roughly $20 billion in capital expenditure this year to transform its business, including converting a former Model S/X factory to build Optimus humanoid robots and reviving rooftop solar via a Buffalo, NY facility. The move spurred a rally in TSLA shares (about 5%), while Canaccord Genuity issued a Buy rating; Wall Street’s consensus remains a Hold with a price target around $401.27, implying about 8% downside risk.
Tesla signals a shift from selling cars to focusing on autonomous technology and humanoid robots, retiring its Model S/X lineup to prioritize a “transportation as a service” future. It touts rising Full Self-Driving subscriptions, plans for robotaxis, and ongoing heavy spending on Optimus, Cybercab, and battery projects, while vehicle sales remain pressured and the business leans more toward software and services.
Elon Musk announced that Tesla will wind down production of the Model S and Model X in Q2 2026 and retool the Fremont factory to mass-produce the Optimus humanoid robot, signaling a shift from luxury EVs to automation and AI-driven robotics; the company aims for up to one million Optimus units per year, backed by more than $20B in 2026 capex, a TerraFab chip facility, and a $2B investment in xAI, as automotive revenue declines and BYD overtakes Tesla in EV sales.
Tesla signaled a dramatic pivot on its earnings call, planning to convert its Fremont Model S/X production space into an Optimus robot factory and pursue as many as 1 million humanoid robots per year. Musk frames Optimus as the key to universal abundance, but critics warn the goal risks eclipsing its core EV business as competition intensifies and tax credits fade; experts say humanoid robots face substantial technical and market hurdles and are unlikely to replace cars soon.
Tesla will halt production of the Model S and Model X next quarter and convert Fremont’s production space into Optimus humanoid-robot manufacturing, aiming to produce up to 1 million Optimus units in the existing S/X space and to start selling Optimus to the public by the end of next year, while continuing to support remaining Model S/X inventory.
Tesla will discontinue the Model S and Model X, converting its Fremont factory to produce the Optimus robot as part of Elon Musk’s pivot from hardware to AI and robotics amid slipping vehicle sales; Optimus production is planned for 2026 with a public sale in 2027, while Tesla expands AI initiatives including xAI to fuel future growth.
Tesla CEO Elon Musk said Model S and Model X production will end, with the Fremont factory repurposed to build Optimus humanoid robots, including a third‑generation design aimed at mass production; the plan is to run a 1 million‑unit‑per‑year Optimus line, boost headcount, and push driverless technology, while Tesla reports a revenue decline for the year despite beating Q4 estimates and notes buyers can still order S/X for now.
Elon Musk warned that Tesla’s Cybercab and Optimus robot production will begin at an agonizingly slow pace before accelerating as the new parts and processes are refined; the piece also highlights Jaguar’s EV strategy doubts among dealers, Acura pausing RDX production into 2028, and Ford’s recall of thousands of vehicles over engine block heater issues.
At Davos, Elon Musk said AI and robotics could deliver “abundance” for all, predicting humanoid robots could become ubiquitous and even outnumber humans as Tesla’s Optimus advances toward public sales, with a hopeful timeline of late 2027 and potential roles in elder care, signaling a tech-driven expansion of the global economy.
Tesla boss Elon Musk says the Cybercab robotaxi and Optimus humanoid robot will have an agonizingly slow initial production ramp due to new parts and processes, a setback investors are watching as the company ties much of its valuation to these ventures; the roundup also notes Congress seeking to claw back $879 million in federal EV‑charger funding, Scout Motors facing a Colorado lawsuit over its direct‑to‑consumer sales plans, and a debate over an insurance discount tied to Full Self-Driving.
Elon Musk predicts that about 80% of Tesla's value will come from its humanoid robot project, Optimus, which is still in development, marking a shift in focus from Tesla's traditional car business amid declining vehicle deliveries.