Tesla, Optimus and Elon Musk
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Tesla CEO Elon Musk confirms Optimus production starts late July at Fremont, converting the Model S/X line in four months — but warns output will be 'quite slow.'
Tesla's earnings beat estimates. But TSLA stock slipped into the red after hours as Elon Musk gave timeline updates and warned of a big capex spike.
By placing its humanoid robot steps from the finish line, Tesla is turning one of the world’s most photographed events into a massive showcase for Optimus.
Elon Musk said he expected Tesla's capital expenses would rise "substantially in the future" after it surprised investors with positive cash flow in the first quarter.
The acquisition comes after Tesla said new spending will go toward AI-related initiatives involving its robotaxi service and its Optimus humanoid.