Robots, Robotaxis, And Cybertruck: Will Elon Musk Finally Meet His Own Tesla Timeline?

While unveiling the company’s Giga factory in Texas, Tesla (Nasdaq: TSLA) CEO Elon Musk unloaded a number of projects in the automaker’s pipeline, including the planned Cybertruck deliveries, self-driving robotaxis, and a humanoid robot named Optimus.

Musk finally unveiled the much-awaited Cybertruck at the facility opening, saying the vehicle is expected to hit the streets in 2023.

The Tesla chief originally planned to launch the vehicle in 2021, but was delayed to 2022 as production was halted primarily due to supply chain problems. Since it was unveiled in 2019, Cybertruck has had more than 1.2 million reservations, worth over US$80 billion.

In discussing what’s next for the company, Musk also touted a possible dedicated robotaxi that is going to “look quite futuristic.” He previously announced the firm’s path to autonomous driving, with robotaxis eyed as early as 2020.

In January 2022, he said he would be “shocked” if the Tesla team won’t achieve full self-driving throughout the year, saying the necessary step would mostly be an upgrade in the software. “It’s like the most profound software upgrade maybe in history,” Musk said.

Musk also teased about Tesla’s Optimus being in production next year. The humanoid robot is expected to do “basically anything that humans don’t want to do.”

The US$1.1 billion Texas facility is touted as the firm’s biggest, and the new home to its headquarters. The opening of the factory arrives on the heels of Tesla’s Shanghai plant being temporarily closed down due to China’s COVID-19 restrictions in the area.

Tesla last traded at US$1,057.26 on Nasdaq.

Information for this briefing was found via Reuters and Seeking Alpha. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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