3 October 2022 | Other

Tesla's robot waves its arms but can't walk yet

Tesla CEO Elon Musk presented a model of a humanoid robot called Optimus. Musk said the world's largest electric vehicle maker could produce millions of units and sell them for up to $20,000, which would be within a third of the cost of the electric vehicle itself.

Tesla plans to accept orders for the android robot in three to five years, as well as the excess of income from its release over income from the production of Tesla cars, Musk said.

The test robot, created in February, was presented to the public on Friday. The company presented a video showing the robot performing simple tasks, including watering flowers, lifting and transporting boxes, as well as metal beams and structures at the company's production facilities.

As Elon Musk stated, it will take a lot of work to improve the robot, and also added that he expects Optimus to be amazing in 5 or 10 years.

Tesla is unique in its advancement of the robot market opportunity for the mass market.

Elon Musk said the company is looking to find the fastest route to a useful robot that can be produced in large volumes.

Company MarketCheese
Period: 03.07.2026 Expectation: 2000 pips
Selling GBPUSD as BoE kept rates unchanged
19 June 2026 48
Brent sell
Period: 26.06.2026 Expectation: 500 pips
Brent crude plunges deeper amid US-Iran peace deal
19 June 2026 39
Period: 19.07.2026 Expectation: 1000 pips
Invest in AUDCAD up to 1.00000
19 June 2026 28
Gold sell
Period: 30.06.2026 Expectation: 13000 pips
Gold sell-off targets $4,000
19 June 2026 49
Period: 31.12.2026 Expectation: 11000 pips
Invest in Ethereum if it breaks through $1,850
19 June 2026 23
Period: 26.06.2026 Expectation: 1150 pips
USDCAD hits 14-month highs on resilient US economy
19 June 2026 25
Go to forecasts