A mockup of Tesla Inc.'s planned humanoid robot Optimus on display during the Seoul Mobility Show in Goyang, South Korea, on Thursday, March 30, 2023. The motor show will continue through April 9. Photographer: SeongJoon Cho/Bloomberg via Getty Images
Tesla CEO Elon Musk predicted that Optimus robots, which have yet to hit the market, will eventually make up more than three-quarters of his automaker's value.
In a post on X on Monday, Musk wrote, "~80% of Tesla's value will be Optimus." In mid-2024, Musk predicted that Optimus robots would someday turn Tesla into a $25 trillion company, which was equal to more than half of the entire value of the S&P 500 at the time of his comment.
With Tesla in the midst of a multi-quarter sales slump due to competition from lower-cost Chinese competitors, an aging lineup of electric vehicles and Musk's incendiary political rhetoric and involvement with the Trump administration, the world's richest person has been trying to convince Wall Street to look to the future.
For Tesla, that dream revolves around a world filled with robotaxis and humanoid robots, powered by artificial intelligence.
"It is important to note that Tesla is by far the best in the world at real-world AI," Musk said in the company's second-quarter conference call with analysts in July.
The problem for Tesla is that it's behind in those key markets.