Tesla (TSLA) shares climbed over 5% on Monday, ahead of the electric vehicle (EV) maker’s earnings report scheduled for Tuesday. This uptick followed CEO Elon Musk’s announcement that the company plans to produce humanoid robots for internal use by 2025.
“Tesla will have genuinely useful humanoid robots in low production for Tesla internal use next year and, hopefully, high production for other companies in 2026,” Musk stated in a post on X (formerly Twitter) on Monday.
Humanoid Robots and Ambitious Timelines
Musk has previously indicated that Tesla’s humanoid robot, Optimus, is currently capable of performing simple factory tasks in the lab. He anticipated the robot to be operational in Tesla factories by the end of 2024 and potentially available for external sale by the end of 2025. However, Tesla has a history of delaying projects beyond Musk’s ambitious deadlines, such as the upcoming robotaxi launch.
Robotaxi Event Postponed
Last week, Musk announced the postponement of Tesla’s robotaxi event, originally set for August 8, due to a design change he requested. He hinted that the additional time would allow Tesla to “show off a few other things” at the event. A new date for the event has not been confirmed.
Analysts suggest that the delay might increase the likelihood of Tesla unveiling more new products and features when the event finally occurs. Additionally, more details about these plans might be shared during Tesla’s earnings call on Tuesday.
Market Reaction and Stock Performance
Tesla shares closed 5.2% higher at $251.51 on Monday, showing a year-to-date gain of about 1.2%. Investors and analysts alike will be keenly watching the earnings report and subsequent call for further insights into Tesla’s future projects and financial health.
