Tesla's Optimus Robot Faces Delays Amid Profit Drop
Tesla's Optimus Robot Faces Delays Amid Profit Drop
Tesla's Optimus Robot Faces Delays Amid Profit Drop
News summary

Tesla's stock dropped 12% following weaker-than-expected profits and slower growth in its traditional auto business, but CEO Elon Musk maintains that the company's value lies in its future autonomy capabilities. Musk announced delays in both the Tesla Robotaxi, now set for October 10, and the humanoid robot Optimus, with low production for internal use starting in 2025. Despite these setbacks, Musk remains optimistic about the long-term impact of these technologies. Tesla's profits fell by nearly half in the last quarter, leading to a shift towards cost reduction and increased focus on AI, robotics, and autonomous driving. Analysts remain skeptical, noting that the immediate financial realities of Tesla's auto and energy business contradict Musk's idealistic projections. Musk's ambitious timelines continue to face challenges, but he aims to mass-produce Optimus robots for less than $20,000 by 2026, reflecting his long-term strategic vision.

Story Coverage
Elon Musk runs X, Tesla and SpaceX, and his net worth makes him the world's richest person
Elon Musk sets new date for Tesla robotaxi reveal, calls everything beyond autonomy ‘noise’
Elon Musk sets new October 10 date for 'robotaxi' reveal and 'other things'
Musk sets 2026 Optimus sale date. Here’s where other humanoids stand.
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47% Left
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Left 47%
Center 27%
Right 20%
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15
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7
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3
Unrated
1
Last Updated
46 days ago
Bias Distribution
47% Left

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Story Coverage
Elon Musk runs X, Tesla and SpaceX, and his net worth makes him the world's richest person
Elon Musk sets new date for Tesla robotaxi reveal, calls everything beyond autonomy ‘noise’
Elon Musk sets new October 10 date for 'robotaxi' reveal and 'other things'
Musk sets 2026 Optimus sale date. Here’s where other humanoids stand.
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