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 ...
If it can’t make me a sandwich what good is it?
I guess that explains why he felt it okay to give your comic books away ;-)
My folks gave warning, on most things they were about to give away (dolls, albums, etc.), so....luckily, and, fairly early on, my sis and I gathered up what held special value.
Hubby’s mom was a collector, in her own right, so she saved EVERYTHING, of his/his siblings (GI Joe’s, Texaco fireman hats, etc). Our grands are enjoying playing with some of the toys/books, that were ours.
Hope you can get your card collection.
:-)
See 22.
They say Alfred Nobel created the peace prize thing because he was horrified that his miracle of tech, dynamite, had not rendered warfare impossible.
Musk is betting everybody yearns for a slave without the messy human slavery moral issue thing. If he’s right, it’s not a huge leap to guess that the demand will lead to increasingly lifelike robots that will be considered by some to be “better” than our flesh and blood bodies.
Maybe that’s where the transhumanism starts.
Hope Elon is better than Alfred was when it comes to estimating the impact of efforts for the betterment of humanity.
If not, he can afford to fund a nice prize, too.
The big money in robotics in the future will be in “domestics” - i.e. robots that help us do menial tasks and chores at home like mowing the yard, mopping or vacuuming, dishes, and other stuff.
Eventually we will have domestics that cook dinner to order.
This is where the big money will be in the market - potentially a larger play than Apple but one that will likely feature more players. Americans love leisure and it will be easier than ever with a smart home and AI domestics.
It’s not a big deal. Seeing the direction baseball has taken in the last few years, I’m not a big fan anymore. Mind you, Nolan Ryan was from a different generation of baseball players, and I’m sure he isn’t woke. But my favorite baseball player now, is Rick Monday.
Now if it can empty the catboxes, I’m in.
That’s him. On my shelf beside the monitor with his arm holding the drink extended along with what I think is the droid scanner. :)
Wish I still had my old all-steel Tonka trucks, and my dozens of Matchbox vehicles. You just don’t think of that stuff when you’re young and going out into the world, or at least I didn’t.
I believe that 150Mil is just US sales. World-wide sales would be much higher. This doesn't even include the fact that Tesla is probably one of the top AI companies in the world. It also doesn't include that there are still car sales to include. It also doesn't include industrial and agricultural use of the robots I am just considering individual household use.
For those who are stuck in mutual funds in their retirement account due to the type of plan you have you can get some Tesla exposure through Baron Partners Fund Retail Shares (BPTRX). They have 41% of their holdings in Tesla stock. They also have 4% in SpaceEx so you get a two-fer on Elon Musk.
I'm a big fan of what Mr. Musk is accomplishing. Again not investment advice just throwing my own back of the envelopment analysis for your enjoyment.
Same. Must of had near 60 Matchbox cars.
As a little kid I had a 1978 Trans Am with the bird on the hood.
At 21, I got the car for real.👍
Tgere was a movie about this topic with Robin Williams, The Bicentennial Man.
If it makes half the impact that Segway did then it will forever change ... mall security?
Best policy when someone claims a secretive project will change everything: wait and see.
Very cool.....
From his Wiki...
“Rick Monday... You Made A Great Play...” He later said, “If you’re going to burn the flag, don’t do it around me. I’ve been to too many veterans’ hospitals and seen too many broken bodies of guys who tried to protect it.”
👏🏻👏🏻 👏🏻 🇺🇸
I think I miss the books most of all. No way could I have kept them and moved them around over the years, though.
For an EvilCapitalist, someone GIVING AWAY his property must have been a cruel blow. He should have squeezed that nephew for every dime!
Closer than you dare dream.
I’m not THAT MUCH of an EvilCapitalist. And my nephew is only 9.
And that is why Rick Monday is my favorite player.
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