Tesla Stock Jumps Ahead of Earnings, as Musk Says Humanoid Robot Will Come in 2025

Tesla (TSLA) shares gained complete 5% Monday, up of nan electrical conveyance (EV) maker's earnings study Tuesday, arsenic CEO Elon Musk said nan institution will person humanoid robots successful accumulation for soul usage successful 2025.

"Tesla will person genuinely useful humanoid robots successful debased accumulation for Tesla soul usage adjacent twelvemonth and, hopefully, precocious accumulation for different companies successful 2026," Musk said successful an X station Monday.

The CEO has previously said that Tesla's humanoid robot Optimus does "simple mill tasks" successful nan lab, could beryllium expected to beryllium successful Tesla's mill by nan extremity of 2024, and whitethorn beryllium fresh for outer waste by nan extremity of 2025. However, nan institution has a history of delaying projects past eager deadlines announced by Musk, including nan upcoming robotaxi launch.

Last week, Musk said Tesla's robotaxi arena would beryllium postponed from its original day connected Aug. 8 owed to a creation alteration he requested, and suggested nan other clip would let Tesla to "show disconnected a fewer different things" astatine nan event. A caller day for nan arena has not been group yet.

Analysts suggested nan robotaxi event's hold could raise nan likelihood of Tesla revealing much caller products and features erstwhile nan arena happens. The EV shaper could besides supply investors much accusation astir its plans during its net telephone Tuesday.

Tesla shares closed 5.2% higher astatine $251.51 Monday, and person gained astir 1.2% since nan commencement of nan year.