Tesla, Model S and Elon Musk
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Chinese humanoid robot companies are expanding globally, piling pressure on Elon Musk’s Optimus before it reaches mass production.
Tesla fast-tracks Optimus humanoid robots, shifting factory space and strategy as Musk promises mass production and a poverty-free future.
East Bay officials are reacting to the news Tesla will stop producing its Model S and X vehicles at its Fremont factory, and switch to building Optimus humanoid robots, by year’s end.
Branded as “Amazing Abundance,” Tesla’s (TSLA) new mission captures Elon Musk’s optimism—and his expectation that Optimus robots could eventually reshape U.S. economic output. On the company’s earnings call with analysts,
Tesla gained 3% after Musk said Optimus humanoid robots will be sold to consumers by end of 2026 following safety testing.