Tesla (TSLA) Plans to Train Optimus Robots in Texas by February 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Data Collection Launch: Tesla plans to start data collection for training its Optimus humanoid robots at its Austin, Texas facility by February 2024, marking a significant investment in robotics technology.
- Workflow Separation: At the Fremont, California site, Tesla has been conducting data collection and training for over a year, with Optimus data collectors kept separate from other factory workers to avoid disruptions, ensuring stable manufacturing output.
- Product Release Expectations: CEO Elon Musk stated at the World Economic Forum in Davos that Tesla expects to begin selling Optimus robots to the public by the end of 2027, reflecting the company's confidence in future market opportunities.
- Complex Task Capability: Musk indicated that by the end of 2023, Optimus will be capable of performing more complex tasks in an industrial environment, which not only enhances the application potential of robotics but also lays a foundation for Tesla's long-term strategic development.
Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 401.93 USD with a low forecast of 25.28 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 449.360
Low
25.28
Averages
401.93
High
600.00
Current: 449.360
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
