They just halted the production of humanoid robots due to technical difficulties and there is so much of uncertainty. This is clearly misleading! Never count your chickens before the eggs hatch. Especially if its Tesla.
Tesla Could Capture 5% of $9 Trillion Humanoid Robot Market by 2050, RBC Says
Tesla could capture 5% of the estimated $9 trillion humanoid robot market by 2050, RBC Capital Markets said in a Thursday note.RBC said Tesla's management highlighted its unified platform and integration with its full self-driving system as the core competitive advantages of its Optimus humanoid.The company's targeted applications for Optimus span the consumer, hospitality, and manufacturing sectors, RBC said. The investment firm estimates Tesla-specific total addressable market within these sectors to make up $4.3 trillion of its projected $9 trillion humanoid market in 2050.Based on its assumptions, RBC said Tesla could generate about $404 billion in revenue related to the humanoid market by 2050, with a 15% market penetration in the US, 8% in the EU, and 4% in China.RBC raised its price target on Tesla to $500 from $325 and maintained its outperform rating.Price: 423.90, Change: -11.64, Percent Change: -2.67
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