Elon Musk imagines Tesla being worth ten times more than Microsoft or Apple. The key to achieving it: Optimus

After celebrating the support of Tesla shareholders to collect a multimillion-dollar bonus, Elon Musk said that the electric car manufacturer could reach a market capitalization ten times greater than that of the most valuable company today. This incredible growth, according to the magnate’s projection, would be driven by enormous sales of the humanoid robot Optimus.

Microsoft and Apple are the most valuable companies of the moment. The first has a value of 3,290 billion dollars and the second a value of 3,258 billion dollars. Taking this data as a reference, Tesla would reach a value of around $32 trillion, although currently it is quite far away: the sum of all its shares is just over $560 billion.

Robots and more robots

Musk hasn’t said when this might happen, but he has laid out a pretty auspicious scenario for the company’s humanoid robot. For the businessman, we are heading towards a future where “everyone will want to have one”. Consequently, the market for this type of product could skyrocket with a construction rate of approximately 1 billion robots per year.

Tesla could play a very important role in that future. According to Musk, the cost of producing each large-scale Optimus could be $10,000 each. This allowed each unit to be offered for $20,000. If Tesla managed to sell 100 million units a year, which would represent 10% of that market, it would obtain annual profits of 1 billion dollars just from robot sales.

“For reference, the automotive industry produces approximately 100 million vehicles per year, so a similar increase at least within an order of magnitude,” said the businessman during the annual shareholders meeting. In this sense he added that Optimus could be responsible for some 20 billion dollars of Tesla’s market capitalization in the future.

Optimus, however, still seems to be somewhat far from being the robot that Musk imagines. The businessman claims that this device can become a “companion” for humans and even take care of their children. For now, the promising robot is not commercially available and has been announced that two units, presumably of a new generation, work autonomously within a Tesla car factory.

Images | tesla

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