Elon Musk's Tesla to use humanoid robots next year

Elon Musk, the CEO of Tesla, has announced that the electric car manufacturer will begin building and deploying humanoid robots early in 2019.

According to a social media post by Elon Musk, Tesla will be the first company to use the robots before starting to produce them for sale in 2026.

The tech mogul had previously stated that by the end of this year, he wanted the robot, known as Optimus, to be operational in Tesla manufacturing.

For a number of years, Boston Dynamics of Hyundai Motor and Honda of Japan have been working on humanoid robot development. Businesses are depending on them to handle labor shortages in the future and to do labor-intensive, repetitive jobs like manufacturing, warehousing, and logistics that may be hazardous or tiresome.
Musk has a track record of betraying audacious pledges made to Wall Street.
He assured investors in 2019 that by 2020, Tesla would run a network of self-driving "robotaxi" vehicles.
He hinted last week that a robotaxi unveiling may take longer than expected, stating he had asked for "an important design change" to the vehicle's front.

Wall Street is anticipating Tesla to publish second-quarter earnings on Tuesday, with margins falling to a level that is more than five years below previous levels. However, Musk's lofty plans for robotaxis and AI technologies will also be the center of attention.
Premarket on Monday saw a 1% increase in Tesla shares.

"Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year and, hopefully, high production for other companies in 2026," Elon Musk stated on his social media site X, which was once known as Twitter.

It happened the day before Tesla was supposed to disclose its most recent financial figures.

The company's stock increased by more than 5% at the close of Wall Street trade on Monday.

In the past, he stated that Tesla wanted the robots to be affordable, mass-produced, and priced under $20,000 (£17,900).

With the exception of the Cybertruck, the price rise for Tesla's most costly vehicles comes as the electric vehicle manufacturer struggles to keep up with demand, as Q2 sales are down 4.8% year over year.

Prices at Tesla are known to change often, and this is not the first price increase in the company's lineup this year. Tesla increased the price of its Model Y by $1,000 on April 1st, but later that month, the company reduced the price of the Model Y by $2,000, along with all other models except the Cybertruck.

It is well known that Mr. Musk sets lofty goals for his businesses, which he hasn't always achieved.

He declared in 2019 that he was "very confident" Tesla would have self-driving taxis operating by the next year.

Mr. Musk stated earlier this year that the much anticipated robotaxi would be revealed on August 8.

He seemed to corroborate a rumor last week that the event would be postponed.

Amidst a slowdown in the demand for electric vehicles, Mr. Musk's firms have been increasingly focused on technology like robots, autonomous driving, and artificial intelligence.

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