At its annual shareholder meeting, Tesla CEO Elon Musk said the company’s new humanoid robot Optimus, also known as the “Tesla bot,” will cause its market cap to hit $25 trillion. Today, Tesla has a market cap of $589.55 billion.
“[If] autonomous transport is a called sort of a $5-7 trillion market cap situation, Optimus I think is a $25 trillion market cap situation,” Musk said. He also predicted that Tesla would have “ over 1,000, maybe a few thousand Optimus robots working at our factories next year .” Elon: “I agree with the Ark Invest analysis that autonomous transport is a $5-$7 trillion market cap situation, and Optimus I think is a $25 trillion market cap situation” https://t.co/YUeEAOyXE5 pic.twitter.com/IgKJYDTiOt — Wall St Engine (@wallstengine) June 13, 2024 Learn the benefits of becoming a Valuetainment Member and subscribe today!
As CNBC points out , the entirety of the S&P 500 […]
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