According to Elon Musk, by 2040 there will be more humanoid robots on Earth than humans. The Tesla boss shared this prediction while speaking via videoconference at a conference in Saudi Arabia. “Every country will have an AI or several AIs, and there will be a lot of robots, many more robots than humans”, he also said. Elon Musk estimates there could be at least 10 billion robots, priced between $20,000 and $25,000.
Tesla is already anticipating this demand
As a reminder, if Tesla is best known for its electric vehicles, the company is also developing humanoid robots called Optimus. According to Tesla’s website, Optimus is designed to perform dangerous, boring, or repetitive tasks in place of humans. And Elon Musk believes that it is the Optimus robots that could boost Tesla’s growth in the long term. Indeed, this one, the capitalization of Tesla could exceed 25 trillion dollars (25,000 billion dollars) thanks to robots. Musk also believes that Optimus will have more impact in the long term than Tesla’s robotaxis, which would only reach $5 trillion in capitalization.
A $38 billion market in 2035?
The main advantage of humanoids is that they are not programmed for a single use. So, if this type of robot can work in factories, it could also, later, work as a domestic robot. Moreover, Musk has already indicated previously that we could even ask these robots to look after our children. But as usual, Musk’s statements, which are sometimes a little too optimistic, should always be considered with caution.
In any case, the market for humanoid robots could be gigantic within ten years. For example, Jacqueline Du, an analyst at Goldman Sachs, predicted that this market could be worth $38 billion in 2035.
- Elon Musk predicts that by 2040 there will be more robots than humans on Earth
- Tesla is already developing a humanoid robot called Optimus
- And Musk believes that, thanks to this product, Tesla’s capitalization could exceed $25 trillion
- According to a Goldman Sachs analyst, the market for humanoid robots could exceed $38 billion in 2035
