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Tesla CEO Elon Musk showcases humanoid robot

October 01, 2022 at 03:10 am EDT

Elon Musk unveiled the prototype alongside videos of it doing simple tasks

like watering plants, carrying boxes and lifting metal bars

[Location: PALO ALTO, CALIFORNIA]

Musk cautioned however it still had a way to go before becoming fully functional

Musk said current humanoid robots are 'missing a brain'

"They don't have the intelligence to navigate the world by themselves and they're also very expensive and made in low volume, whereas Optimus is designed to be an extremely capable robot but made in very high volume, probably ultimately millions of units and it's expected to cost much less than a car."

The robots are expected to come with a price tag of under $20,000

STORY: Meet Tesla's eagerly anticipated humanoid robot 'Optimus'

Stocks mentioned in the article

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	TESLA, INC.	170.2 USD	+4.97%	+13.51%	517B
	OPTIMUS GROUP COMPANY LIMITED	752 JPY	+1.76%	+2.87%	270M

Elon Musk

Mr. Elon R. Musk is a Chief Executive Officer at The Boring Co., a Technoking of Tesla at Tesla, Inc., a Chief Executive Officer & Director at Space Exploration Technologies Corp., a Chief Executive & Technology Officer at Spacex SA and a Co-Chairman at OpenAir, Inc. He is on the Board of Directors at Tesla, Inc., Space Exploration Technologies Corp., Endeavor Group Holdings, Inc. and Musk Foundation. Mr. Musk was previously employed as a Trustee by California Institute of Technology, a Chairman by SolarCity Corp., a Chairman & Chief Executive Officer by PayPal, Inc., a Founder by Zip2 Corp., a Co-Founder by Neuralink Corp., a Co-Founder by OpenAI, Inc., a Non-Executive Director by Surrey Satellite Technology Ltd., and a Trustee by X PRIZE Foundation. He also served on the board at Everdream Corp. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania.

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TESLA, INC.	Founder
Space Exploration Technologies Corp. Space Exploration Technologies Corp. Aerospace & DefenseElectronic Technology Space Exploration Technologies Corp. designs, manufactures and launches rockets and spacecrafts. It develops the partially reusable launch vehicles Falcon 1 and Falcon 9. The company was founded by Elon Reeve Musk in 2002 and is headquartered in Hawthorne, CA.	Founder