Tesla CEO Elon Musk has predicted that the company’s self-driving technology will skyrocket its market cap to between five and seven trillion dollars before noting that its humanoid robot’s release should bring an additional 25 trillion in market share. Apple , the world’s most valuable company, currently holds a 3.26 trillion dollar marketing cap by comparison.
During yesterday’s annual Tesla shareholders meeting, Musk said the company has two Optimus model robots actively working at its Fremont, California factory. Elon Musk escapes humiliation as stockholders vote in favor of Tesla CEO’s $49 billion pay Tesla pressured to deliver new self-driving tech with rival ‘really close’ to breakthrough The robots assist with tasks like removing electric vehicle (EV) battery cells from the production line and packing them for shipping. Musk provided a roadmap for Optimus release during the shareholders meeting: “I think we’ve got kind of like one major hardware revision, which should be done by the end of this year, or early next, and then we’ll move into a limited production next year of Optimus.
” The Tesla CEO clarified that this limited production would involve more testing at its factories before predicting that between one and a few thousand Optimus models will be working at its plants by next year. Musk also said he thinks the ratio of humanoid robots to humans will be greater than 1:1 for more than 20 billion active global Optimus examples. Next, Musk sta.