Tesla moving away from making new car models to making robots

On this March 14, 2019, picture, Tesla CEO Elon Musk speaks earlier than unveiling the Mannequin Y on the firm’s design studio in Hawthorne, Calif. On Thursday, Musk introduced what traders ought to count on from Tesla sooner or later.

Jae C. Hong, Related Press

Telsa CEO Elon Musk on Wednesday introduced on the corporate's s fourth-quarter earnings that Tesla goes to be shifting its product growth focus to creating the Tesla Bot, a humanoid robotic, per Electrek.

Musk gave the world a sneak peek of the Tesla Bot in August 2020. In line with CNBC, it was merely a human in a robotic swimsuit however the CEO expects to have a prototype this yr.

“If you consider the economic system, it's — the inspiration of the economic system is labor,” he stated, per the report. “Capital tools is distilled labor. So what occurs for those who don’t even have a labor scarcity? I’m undecided what an economic system even means at that time. That’s what Optimus is about, so [it’s] essential.”

• In line with Fortune, he additionally confirmed that Tesla is not going to launch one other automotive mannequin in 2022. The latest launch was Mannequin Y in March 2020.
• “Each final yr and this yr, if we have been to introduce new autos, our complete car output would lower,” he stated to traders.

Those that have been hoping for the discharge of the Cybertruck might have to attend one other yr. Musk added that the automotive is closing in on its manufacturing model although there are numerous challenges.

• “I fear extra about, like, how will we make the Cybertruck reasonably priced,“ he instructed traders. “There’s a number of new expertise within the Cybertruck that may take a while to work via.”
• He additionally stated he can be shocked if his workforce didn’t obtain full self-driving automobiles this yr. If Musk is profitable on this, it might enable a Tesla care to function a “robotaxi” when it’s not getting used, per the report.