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.
As for shareholder value, Musk said Optimus could be the catalyst for lifting Tesla's market cap to $25 trillion someday.Speaking to a crowd consisting mostly of fawning fanboys in an auditorium at the Gigafactory, Musk promised Tesla would move into"limited production" of Optimus in 2025 and test out humanoid robots in its own factories next year.
Musk didn't provide a timeframe for reaching $25 trillion. He did say that autonomous vehicles could get the company to a market cap of $5 trillion to $7 trillion. Among his boldest claims on Thursday was Musk's declaration that Tesla had advanced so far in developing silicon that it's surpassedwhen it comes to inference, or the process that trained machine learning models use to draw conclusions from new data.