Tesla (NASDAQ:TSLA) gained 3.7% in what may be a delayed reaction by investors to Elon Musk laying out plans for humanoid robots to be a major part of the company’s future.
As part of Tesla’s (NASDAQ:TSLA) Master Plan Part IV, the company highlighted that the Optimus autonomous humanoid robot is changing not only the perception of labor itself but its availability and capability. “Jobs and tasks that are particularly monotonous or dangerous can now be accomplished by other means,” read part of the company’s update.
Closer to home, Salesforce (NYSE:CRM) CEO Marc Benioff weighed in positively on Optimus after visiting Tesla’s (TSLA) robot facility. “Amazing what [Tesla CEO Elon Musk] is doing to create the future… Just inspiring,” he wrote. Tesla (TSLA) manufactures its Optimus robots at the Fremont, California, factory.
Morgan Stanley extolled the upside of Optimus for Tesla (TSLA) earlier in the year, pointing to some potential connections to other Elon Musk companies such as xAI and Neuralink.
Shares of Tesla (TSLA) are up 11% over the last six weeks but are still in negative territory on a year-to-date basis.