Humanoid robots are about to enter mass production. Will Tesla's market value exceed that of 10 Apples?
On June 13, the $Tesla(TSLA.US) shareholders' meeting was grandly held. After the event began, Tesla CEO Elon Musk expressed his gratitude to the shareholders, as the majority had previously voted in favor of a series of decisions made by him and the board, including Musk's $56 billion compensation package and the relocation of the company's legal domicile from Delaware to Texas.
During the event, apart from updates on electric vehicles and autonomous driving, the much-anticipated progress was in the field of humanoid robots.
Musk promised that Tesla would begin limited production of the humanoid robot Optimus in 2025 and test it in its own car factories. He predicted that the company would have over 1,000 or even thousands of Optimus robots working at Tesla next year.
Some analysts believe that Tesla's factories themselves are the first and largest customers for Tesla's robot development. Essentially, cars are robots with four wheels, and both share underlying technologies in chips, software, and FSD. This could give Tesla a significant advantage in unit R&D costs, with the two industries converging to bring a substantial leap in manufacturing efficiency.
Additionally, many upstream component suppliers in Tesla's automotive supply chain could also become Optimus's largest customer base. While other robotics companies struggle with finding clients or downstream applications, Tesla clearly has a head start.
Cathie Wood, founder of ARK Invest, published a research report stating that Tesla's long-term target market cap is $5 trillion. Musk responded, "I agree with that." It should be noted that the report did not include the impact of the Optimus robot.
Musk stated that the future purchase cost of Optimus would be lower than that of a car. If Optimus reaches an annual production of 100 million units, Tesla could earn $1 trillion in profit annually, bringing immeasurable value to the company. He suggested that Tesla's market cap could potentially be ten times that of the world's most valuable company today.
Given that $Apple(AAPL.US) is currently the world's most valuable company, with a market cap of approximately $3.3 trillion, Musk's hint implies that Tesla's future market cap could reach around $33 trillion, making it a "super giant."
Faced with Musk's "big promises," investors were also excited. On June 13 local time, Tesla's stock rose by over 7% intraday before fluctuating and closing up 2.92%. The company's stock price settled at $182.47 per share, with a market cap of $581.933 billion.
It's worth mentioning that earlier, China's leading new energy company $NIO-SW(09866.HK) also introduced humanoid robots from $UBTECH ROBOTICS(09880.HK) (09880.HK) into its factories to handle certain heavy and monotonous tasks.
All signs indicate that the industrialization of humanoid robots is accelerating. Against the backdrop of rising labor costs, the prospects for large-scale commercial applications of robots are highly anticipated.
Author: Feiyu
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