In a post on X, formerly known as Twitter, Tesla founder Elon Musk says that the electric automaker will be producing humanoid robots for internal use next year, adding that they will "hopefully" be able to sell them to other companies by 2026.

Guardian

The robot, known as Optimus, was first demonstrated publicly in 2022 and was able to walk on-stage. It weighs 56 kilograms (123 pounds) and is 170 centimeters tall (five foot and seven inches).

EuroNews

Musk says that the robots will likely cost around $20K when they enter mass production. Tesla will be competing with other humanoid robot manufacturers such as Boston Dynamics and Honda.

BBC News

Humanoid robots could perform repetitive, tedious, and dangerous tasks and help mitigate labor shortages. A declining demand for electric vehicles (EVs), sales of which make up 80% of the firm's revenue, has seen Musk diversify into fields such robotics and artificial intelligence (AI).

Reuters

In previous statements, Musk has said that their human-like robots would be ready for internal use by the end of 2022. Tesla has also planned to unveil self-driving taxis this August, with Musk estimating in 2019 that they would be on the road by 2020.

Tesla will unveil its second-quarter earnings after the market closes on Tuesday, with analysts expecting the earnings to decline with a slight increase in revenue. Tesla stock has surged 25% in July on the heels of positive EV delivery numbers.

Tesla to Produce Humanoid Robots for Internal Use by Next Year

Tesla to Produce Humanoid Robots for Internal Use by Next Year

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Tesla to Produce Humanoid Robots for Internal Use by Next Year

Tesla to Produce Humanoid Robots for Internal Use by Next Year

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