The Mysterious Tale of "America's No. 1 Retirement Stock"

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Tesla Says Optimus Bots Are Now Performing Autonomous Tasks At Its Factory, 3 Years After Introduction

Anan Ashraf
June 13, 2024

EV giant Tesla Inc (NASDAQ:TSLA) said on Tuesday that it deployed two of its humanoid bots called Optimus at its factory this year where they are performing tasks autonomously.

What Happened: Tesla announced the deployment among its other achievements for the year in a post on X, formerly Twitter, on Tuesday. The company has developed three major design revisions of Optimus and four revisions of its robotic hand in the last two years.

Optimus autonomously navigates Tesla’s office and labs daily, the company said, while adding that it has deployed two in its factory to perform tasks.

The humanoid robot Optimus is among Tesla’s many ventures besides EVs. During a game streaming session on X earlier this week, Tesla CEO Elon Musk said that he expects the number of humanoid robots in the world to exceed the human population one day.

“So, there probably might be two humanoid robots, or more, maybe 10, for every one human,” Musk said during the streaming session.

It is not clear as to what tasks the bots are performing at the factory now or whether it does them better than human workers. Tesla did not respond to Benzinga’s request for comment as of the time of publishing this report.

Why It Matters: Tesla introduced its humanoid bot in 2021 with the initial goal of handling unsafe, repetitive, or tedious tasks. During Tesla's first-quarter earnings call in April, Musk said that he anticipated Optimus to be able to perform useful tasks at the factory by the end of 2024, with external sales potentially starting by the end of 2025.

“I think Optimus will be more valuable than everything else combined. Because if you’ve got a sentient humanoid robot that is able to navigate reality and do tasks at request, there is no meaningful limit to the size of the economy," he added. When asked if the robots are performing any factory tasks, Musk in April said that the bots can do “simple factory tasks” in the lab.

Earlier this year, Musk confirmed to an X user that the Optimus will be priced between $25,000 and $30,000 initially and less as time passes. The CEO explained that making the Optimus costs the company only half as much as making a car. Tesla’s cheapest EV, the Model 3 sedan, starts at $38,990.

Check out more of Benzinga’s Consumer Tech coverage by following this link.

Read Next: Tesla Bull Adam Jonas Thinks Tesla Will Make A Phone; Elon Musk Hopes It Won’t Be Needed

Photos courtesy: Shutterstock

Popular

Trump Reportedly Makes Decision On VP Pick, Says Running Mate Will Be At Debate

Former President Donald Trump has made a decision on his vice presidential nominee for the forthcoming election.

These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of

In the wake of a debate performance that drew widespread criticism, speculation has been reignited about whether President Joe Biden should bow out before the November election.

Former CIA Insider: Rare Chaos Rally Is Coming [Potential Huge Gains]? - Ad

A former CIA insider is now predicting... This summer, a rare financial event could happen in America, a phenomenon called a "Chaos Rally." It last happened in 1968, 1992, and most recently in 2014. Good Americans who know exactly what to do... Could get in on it for huge financial gains. The coming "Chaos Rally" could be connected to Biden dropping out of the presidential race.

Trump Vs. Biden: New 2024 Election Poll Show Tie, But Here's Who Independent Voters Favor

A new 2024 election poll shows Donald Trump and Joe Biden tied. The poll shows inflation a key concern for voters moving forward.

The No. 1 Crypto of 2024 (Trading for Less Than 10 Cents) - Ad

25X Predicted For THIS Crypto -- Starting on June 24th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. And one team of crypto experts has identified it as the most promising crypto of 2024. You can see all of the details surrounding the No. 1 Crypto of 2024 here.

Why Is Paramount Global Stock Surging Today?

Paramount Global shares rise as Skydance Media reportedly agrees to acquire National Amusements Inc. and merge with Paramount. This deal aims to strengthen Paramount's competitive position in the media landscape.

Ralph Lauren goes with basic blue jeans for Team USA's opening Olympic ceremony uniforms

NEW YORK (AP) — When walks with the world’s athletes at the they’ll be doing so in snappy tailored navy blazers from Ralph Lauren — and blue jeans.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Powerball Winnings Gone: What Happens To Unclaimed Lottery Tickets

Powerball winners often take home tens to hundreds of millions of dollars. Tickets that are lost or not claimed in time end in a different result.

Big Tech Is Spending Billions Each Month on This AI Superproject - Ad

Big Tech is committing billions each month to the construction of these AI mega data centers. This is where Nvidia, comes in. It's quietly leaning on a set of what we call Silent Partners to get the job done. These companies could benefit greatly from this next wave of the AI boom.

Why Rocket Lab Shares Are Gaining Today

Rocket Lab's shares are rising in premarket trading following the announcement of a significant ten-launch agreement with Synspective, marking its largest Electron launch deal to date and enhancing its role in Japan's rapidly expanding space industry.

Ecuador stops waiving visas for Chinese nationals because of an increase in irregular migration

QUITO, Ecuador (AP) — Ecuador on Tuesday announced the suspension of an agreement with China that had waived visas for Chinese citizens traveling to the South American country, citing a “worrying” increase in irregular migration.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

What's Going On With Chinese E-Commerce Stocks Alibaba, PDD And More On Thursday?

Amazon to launch affordable fashion and lifestyle section for Chinese sellers to directly ship to US consumers, competing with PDD and Shein.

EV Slowdown Might Be Undebatable But EV Innovation Is Unstoppable

At the beginning of June, Rivian Automotive Inc (NASDAQ: RIVN) announced the redesign of its its all-electric R1 pickup and SUV models.

July 29 Deadline: The No. 1 Monthly Dividend ETF - Ad

It's paying 161% bigger dividends than aristocrats, and it's up 5.62% since making its newest announcement. If you add it to your portfolio before July 29, you'll secure a payout of $2.05 PER SHARE!

Why Adobe's Shares Are Trading Lower Monday

Adobe sees a dip in its shares following a lawsuit by the FTC, which accuses the company of not fully disclosing termination fees, thus trapping consumers in costly year-long subscriptions.

What Is Nvidia's New $1 Trillion Superproject? - Ad

While most are still focused on Nvidia's recent performance, they're missing this massive, $1 trillion pivot Nvidia's making right now. But it's what's happening behind the scenes that should be most exciting for investors. We've identified three companies that Nvidia needs to lean on to help get the job done.

Buy These 3 Stocks Before the FDA's Anticipated Announcement - Ad

See this ASAP! This could NOT be more urgent.... Ian King has identified 3 little-known stocks that could go up 10X in the coming years. It's all thanks to a breakthrough product that could save billions of lives. Maybe even yours.

Donald Trump Vows To End 'Joe Biden's War On Crypto,' Shiba Inu's Burn Rate Surges, TrumpCoin Mystery And More: This Week In Cryptocurrency

The week was a rollercoaster ride in the world of cryptocurrency. From Worldcoin outperforming Bitcoin and Ethereum, to Argentina’s President endorsing Bitcoin, and Donald Trump’s vow to end the ‘war on crypto,’ the crypto world was buzzing with activity.

US suspends inspections of avocados, mangoes in Mexico's Michoacan state over security concerns

MEXICO CITY (AP) — The United States government has suspended inspections of avocados and mangoes in the Mexican state of Michoacan due to security concerns, an official said Monday.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

State Street Technology ETF To Put Nvidia Before Apple In Revamp

Tech ETF to boost Nvidia exposure at Apple's expense, triggering billions in trading volume. Rebalance to reflect Nvidia's market value surpassing Apple's.

"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." - Ad

The former Goldman Sachs VP -- who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio -- is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."

New York Times Calls For Joe Biden To Withdraw From Presidential Race

New York Times urges Biden to withdraw from presidential race, citing debate performance and voter desire for fresh leadership.

Is Altseason Around The Corner? Real Vision Analyst Reveals Key Indicators

Real Vision analyst Jamie Coutts on Thursday presented an optimistic outlook for high-quality altcoins, highlighting that the current setup appears increasingly favorable as global liquidity gears up for expansion.

The Presidential Candidate You Should Really Be Worried About - Ad

Most Americans are overlooking the seemingly impossible candidate that should worry you. It's not Biden... Trump... Newsom... or even Michelle. It's someone even worse. New evidence of a secret plan indicates he could soon return, and finish what he started.

UPS agrees to sell its freight-brokerage division for less than it paid for the business in 2015

ATLANTA (AP) — United Parcel Service said Sunday it agreed to sell its Coyote Logistics division to RXO for just over $1 billion — less than it paid for the freight-brokerage company in 2015 — to focus more on its core package-delivery business.

TikTok Argues US Could Have Considered Alternatives To Banning App

TikTok argues US could have used lighter measures instead of banning app for security concerns, as lawmakers passed ban without evidence.

Exposed: 3 Cent Crypto to Explode July 22nd? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Malaysian leader Anwar says China a 'true friend' and not to be feared at end of Premier Li's visit

KUALA LUMPUR, Malaysia (AP) — Malaysian Prime Minister Anwar Ibrahim on Thursday rejected the notion that China's dominance is to be feared, calling China a “true friend” at the end of Premier Li Qiang's visit to mark 50 years of diplomatic ties between their countries.

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

China Calls On Visa And Mastercard To Slash Bank Card Transaction Fees By Up To Half: Report

The Payment & Clearing Association of China is reportedly negotiating with these international card issuers to decrease fees on foreign card transactions.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service