Tesla jumps to three-year high as Optimus humanoid robots step into the spotlight

Tesla (NASDAQ:TSLA) raced to a three-year high of $404.80 in early trading on Monday before settling back.

More analysts are pointing in recent notes to the potential upside from the Optimus business. Bank of America’s John Murphy thinks Optimus development poised to accelerate. He noted that Tesla (TSLA) currently plans to have 1K Optimus robots by the end of 2025, largely in its plant. With more robots in use, training is expected to accelerate.

Murphy pointed out that while Optimus accounts for only a single-digit percentage of TSLA’s compute, BofA expects the resources available for Optimus will grow as the robotaxi technology matures. “This will drive an acceleration in the capabilities of Optimus, and ultimately lead to increased production in 2026+, thereby helping drive costs down,” he wrote. The Optimus opportunity is seen potentially benefiting from more capital via an equity raise to fund greater compute capacity.

On Seeking Alpha, analyst Steven Fiorillo recently said Tesla (TSLA) is in a prime position to utilize its manufacturing expertise to produce Optimus humanoid robots at a scale that competitors are unlikely to match.

Of note, X Prize Foundation Chairman Peter Diamandis said Tesla’s (TSLA) Optimus is set to revolutionize logistics, agriculture, and more.

The latest share price rally for Tesla (TSLA) pushed its market cap over $1.25 trillion.