Posted on 04/21/2022 6:03:04 PM PDT by Hojczyk
Elon Musk is clearly bullish on Tesla (TSLA), the potential of Twitter (TWTR), and the Optimus robot.
"I was surprised that people do not realize the magnitude of the Optimus robot program," the Tesla CEO said on the company's earnings call late Wednesday. "The importance of Optimus will become apparent in the coming years. Those who are insightful or who listen carefully will understand that Optimus ultimately will be worth more than the car business and worth more than full self-driving, that’s my firm belief."
Tesla first revealed the Optimus robot — also known as Tesla Bot — at an artificial intelligence-focused event in August 2021. The robot, 5-foot 8 inches and 125 pounds, is designed to perform repetitive or mundane tasks that humans hate (or can't be hired to do in a tight labor market).
Wall Street analysts generally don't believe Optimus will be a financial needle mover in the medium-term given they aren't being produced at scale.
"I would say no, but time will tell," Wells Fargo auto analyst Colin Langan told Yahoo Finance when asked about the robot impact. "He has proven the markets wrong before."
In theory, the Optimus program has potential to help Tesla lower operating costs in its facilities —it's just a matter if Musk can make enough robots.
In the meantime, what the Street is believing on Tesla is that could be on its way to another strong year of making electric vehicles profitably.
(Excerpt) Read more at finance.yahoo.com ...
A great book...Lift Offf..building SpaceX....
How does Optimus improve upon normal robots?
If it can make me a grilled cheese, clean the kitchen, and take care of the garden, I’m in.
I for one look forward to our new generally helpful robot overlords.
The chief of staff of the war college I attended asked the entire class how many people could write an algorithm. Myself and two others in a room of 100+ people raised our hands. He then said we were the most dangerous people in the room.
True story. Happened in 2014.
You should have shanked him to prove his point.
I had one of those as a kid. Wish I still had my Optimus Prime, It would probably be worth a fortune.
Clearly, I missed that opportunity.
“You should have shanked him to prove his point.”
ROFL!
Yeah all my Transformers and Go-Bots are gone.
I still have some old Star Wars figures around...
I think a couple GI Joe and He-Man characters too.
My Dad gave all my comic books to my nephew. I hope he didn’t throw away my baseball card collection. I collected Nolan Ryan cards.
Nolan Ryan cards should be worth some coin...
And when Tesla buys Amazon,...
We will have Optimus Prime....
Oh and the merged corp name will be Teslamazon
My Dad gave all my comic books to my nephew. I hope he didn’t throw away my baseball card collection.
How did your dad get YOUR comic books and baseball card collection?
I left them at his house. Eventually a man grows up, and baseball cards just don’t seem important anymore.
This portable and learns as it works. Robots in factories are generally secured to one spot and need to be programmed for their tasks.
Probably the same way all parents end up with their kids’ junk. The kids use the folk’s house as a storage shed when they go off to college.
The only Star Wars figure I bought was the bartender. They gave him the name of Wuher
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