Musk says robots could make Tesla $25 trillion company — more than half value of S&P 500
Posted: Jun 14, 2024
- S&P 500 value is $45.5 trillion - Elon Musk claims Tesla's Optimus robots could make company worth $25 trillion - Tesla to move into "limited production" of Optimus in 2025 - Musk suggests Optimus robots will perform various tasks and could lift Tesla's market cap - Tesla shares dropped 27% this year due to sales decline and increased competition in China - Musk claims Tesla's silicon development has surpassed Nvidia - Nvidia is now worth $3.2 trillion due to demand for AI chips - Concerns about Musk's focus on Tesla and other commitments like X, SpaceX, and AI startups - Competitors for Optimus robots include Boston Dynamics, Agility, Neura, and Apptronik. - Elon Musk stated that humanoid robots called Optimus could increase Tesla's market cap to $25 trillion - Tesla's current market cap is about $580 billion - The entire value of the S&P 500 is $45.5 trillion - Musk predicts Optimus robots will perform various tasks, such as cooking, cleaning, factory work, teaching children - Tesla is set to start production of Optimus robots in 2025 - Musk didn't provide a timeline for reaching a $25 trillion market cap, but said autonomous vehicles could bring Tesla to $5 trillion to $7 trillion - ARK Invest CEO has a $2,600 price target on Tesla's stock by 2029 for a market cap over $8 trillion - Nvidia shares have soared driven by AI chip demand - Musk has multiple commitments but emphasized his role in innovation within Tesla - Competitors in the humanoid robot market include Boston Dynamics, Agility, Neura, and Apptronik.
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