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Musk Plays Up ‘Sentient Humanoid' Robots as Tesla Flounders [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
earnings call that he hopes to sell “sentient humanoid” robots by the end of next year. Before then, the robots known as “Optimus” will likely be used at Tesla's factories sometime this year, he said. “I think Optimus will be more valuable than everything else [at Tesla] combined,” Musk boasted. “If you've got a sentient humanoid that is able to navigate reality and do tasks…there is no meaningful limit to the size of the economy.” Tesla is currently worth roughly half a trillion dollars. Before the dawn of its not-yet-proven humanoid robot era, Tesla faces big financial issues in the short term. During the first quarter of the year, its profits tanked 55 percent—to $1.1 billion—the company announced Tuesday. Meanwhile, its revenue sank 9 percent, to $21.3 billion. Earlier this month, the carmaker announced that it would lay off 10 percent of its staff in an effort to shore up its finances. Investors evidently thought the company's results would be even worse on Tuesday, as Te
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