"Even with the more recent turbulence, shares of Tesla ( NASDAQ:TSLA) have been making up for lost time in the past six months, up close to 40%. Thank the robotaxi opportunity and the rise of the Optimus humanoid robot, which is reportedly poised to go into production in the coming months after the firm announced its plans to discontinue its Model S and X electric vehicles (EVs)."
"As robotaxis continue to roll out throughout the year, while Elon Musk looks to make home robots a reality by the end of 2027, it feels like Tesla stock is the ultimate physical AI play. Perhaps quarterly results and EV sales matter less as investors focus on the new growth drivers that might transform the world. Musk has a reputation for being a bit early when it comes to technological trends."
Shares of Tesla rose about 40% in six months fueled by expectations for robotaxis and the Optimus humanoid robot, with Optimus reportedly poised for production after plans to discontinue Model S and X. Hype around Cybercab and Optimus positions Tesla as a physical AI play as robotaxis and home robots progress toward rollout and consumer availability by 2027. Quarterly results and EV sales may recede in importance as investors prioritize new growth drivers. Elon Musk's tendency to be early on technology suggests patience may be necessary for Optimus. Speculation about a SpaceX merger adds potential upside for shareholders.
Read at 24/7 Wall St.
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