Tesla's Optimus Robot Faces Delays Amid Profit Drop

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.