Elon Musk claims Optimus robots could make Tesla a $25 trillion company — more than half the value of the S&P 500 todayAt Tesla's 2024 annual shareholder meeting, CEO Elon Musk claimed humanoid robots could lift the company's market cap to $25 trillion at an unspecified future date.The value of the entire S&P 500 is currently $45.5 trillion, according to FactSet.
At the shareholder event on Thursday, Musk didn't divulge exactly what Optimus can do today. He suggested the robots some day will perform like R2-D2 and C-3PO in Star Wars. They could cook or clean for you, do factory work, or even teach your children, Musk suggested. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThis is all far-out stuff even for Musk, who is notorious for making ambitious promises to investors and customers that don't pan out — from developing software that can turn an existing Tesla into a self-driving vehicle with an upload, to EV battery swapping stations.
Taking the stage following the readout of the shareholder votes, Musk said,"I just want to start off by saying hot d---! I love you guys."that's tied in part to an aging lineup of electric vehicles and increased competition in China. The company has also implemented. Musk has encouraged investors to look past the current state of the business and more toward a future of autonomous driving, robots and artificial intelligence.