In addition to the core business of electric cars, Tesla also operates additional business segments. In one of these segments, company boss Elon Musk has particularly great expectations.

• Tesla’s core business with electric cars weakens
• Elon Musk describes the humanoid robot “Optimus” as the “greatest product of all time”
• Reactions split

The electric car business is weakening: the electric autopionier Tesla is particularly likely to feel falling demand and increasing competition. The fact that the futuristic cyberruck, which is highly expectations, is increasingly developing into a flop, is also considered a “failure” on the market. In addition, the company’s leading figure, company boss Elon Musk, is increasingly criticizing. In particular, it is his political engagement in the context of the current US administration, which is not received in investors.

Tesla has more iron in the fire

But the sale of electric vehicles is Tesla’s core business, but not its only source of income. The company also has products for solar energy production and storage in the business portfolio and offers services such as software subscriptions and insurance. In addition, Tesla makes money with the sale of emission certificates to other automobile manufacturers who cannot meet their CO2 requirements themselves.

The company’s focus is also increasingly aimed at additional business segments. This is what Tesla hopes for through a robotaxi service that is supposed to start at the end of June in Texan Austin with 10 to 20 vehicles, nothing less than the revolution of local transport-after Tesla boss Elon Musk, robotaxis are the great future bet of the company and are intended to help to convert Tesla into a robotics group.

Optimus as “biggest product ever”

In order to underline these ambitions, Musk not only addresses the topic of “driverless vehicles”, but also dives deeper into the robotics business. With Optimus, a humanoid robot, Tesla wants to herald the next technology jump – and position itself as a leading robotics group in the long term. Optimus is already used in the Tesla works, but in the households of many people it should also play an important role in the future.

In a video that Elon Musk recently shared on his “X” platform, he shows potential possible uses of Optimus.

The robot acts as a cook, takes over cleaning and other homework and performs these tasks after learning them with the help of natural language instructions. In addition, Optimus is working on the improvements of its skills and is increasingly learning to imitate human actions by looking at everyday internet videos.

Elon Musk is already convinced of the potential possible uses and overwrites the posted video with the words: “The biggest product ever”.

User resonance growth

However, the reactions to the X video are mixed. While some users see massive growth potential in Optimus, others show themselves skeptical and warn of possible dangers. “I do not understand: In one day you are worried about low birth rates, the closest to develop technologies that replace every possible job. Why should people want children if they know that they will no longer have jobs in the future? And in a way, it is exactly what happens now: People want fewer children because they can no longer afford in today’s economy,” is a comment under the video.

And experts also do not find a uniform line in terms of the assessment of Tesla’s ambitions for household robots. Benchmark analyst Mickey Legg, for example, evaluates Tesla’s Optimus robot project as a possible “Game Chang”, since it could mark the change of the US company from an automotive manufacturer to a “comprehensive automation provider”. Glenn Thum from Phillips Securities also sees potential here, but sees significant revenue in this area in three to five years at the earliest. Other experts basically express doubts about the Optimus plans, while others, such as analysts from Morgan Stanley, consider potential global sales of $ five trillion as possible by the middle of the century.

It is open whether Tesla’s robotics bet pays off at the end. Elon Musk is known for large visions – but also for promises that are delayed or never fulfilled. Whether Optimus will actually be the “biggest product of all time” will only be shown in the coming years.

Editor finance.net

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