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HomeAutomotiveTesla's Optimus Robot: Potential Sales Start Next Year Despite Profit Slump.

Tesla’s Optimus Robot: Potential Sales Start Next Year Despite Profit Slump.

Elon Musk, the CEO of Tesla, stated on Tuesday, April 23, that the business might be prepared to market its humanoid robot by the end of the next year.

Optimus, the Tesla humanoid robot, remains in the laboratory. Nonetheless, Musk estimated that Optimus will be able to carry out activities in the factory by the end of this year while speaking to investors on a conference call on Tuesday, according to Reuters.

In reference to the artificial intelligence capabilities of his business, Musk informed investors that he believed Tesla was in the best position of all humanoid robot manufacturers to be able to produce large quantities of robots with effective inference.

The billionaire had previously stated that Tesla’s robot sales might eventually account for a bigger portion of the company’s revenue than other business areas, such as auto production.

In 2022, his business unveiled Bumblebee, the first iteration of the Optimus robot.

Fascinatingly, Tesla is not the only business creating robots that resemble people. The robots have reportedly been in development for a number of years by Boston Dynamics of Hyundai Motor and Honda of Japan, according to Reuters.

Many businesses are placing their bets on these humanoid robots to fill in for any manpower shortages and do labor-intensive, repetitive jobs that may be hazardous or tiresome in sectors like manufacturing, shipping, warehousing, and retail.

Tesla’s first-quarter earnings plunge

Tesla also revealed a significant decline in its quarterly earnings on Tuesday. According to AFP, the corporation recorded $1.1 billion in earnings, a 55% decrease from the same quarter last year, on revenues of $21.3 billion, a 9% decrease. EV sales were described as “under pressure.”

In spite of this, Tesla’s stock shot up more than 11% in after-hours trading following the company’s pledge to “accelerate” the release of new, more reasonably priced vehicles.

Tesla Lay-offs

The decline in earnings coincides with Tesla’s announcement of 6,020 job layoffs. In a statement released just last week, Elon Musk, the CEO of Tesla, stated that he had taken “the difficult decision to reduce our headcount by more than 10% globally.”

According to Elektrek, Musk stated in an internal email: “There is nothing I hate more, but it must be done.” As a result, we will be able to enter the following growth phase cycle with agility, creativity, and hunger.

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