Musk says Optimus and Cybercab will make up most of Tesla's value

Key points

• Musk posted on 18 Oct that Optimus and Cybercab will be "the vast majority of Tesla's value"
• Tesla and SpaceX have committed $16.8bn to start building the Terafab AI chip factory in Grimes County, Texas
• Tesla is due to report third-quarter results on 21 Oct, with Roadster production targeted for 2028

Elon Musk says Optimus and Cybercab will account for most of Tesla's value, placing humanoid robots and driverless transport at the centre of the carmaker's long-term strategy. In a post on X on 18 Oct, the chief executive said the two products would make up the bulk of the company's worth, according to Bitcoin.com News.

Optimus is a humanoid robot built for physical work, while Cybercab is a purpose-built driverless vehicle. Tesla's Cybercab programme carries riders in limited areas of Austin, Texas, as part of its Robotaxi ride-hailing fleet, a service that could bring recurring revenue from passenger trips rather than one-off vehicle sales.

Musk also named superintelligence, robotics, solar power and space transportation as the technologies he expects to reach extraordinary economic scale, referring to a Type II civilisation on the Kardashev scale.

His comments came in response to a Teslaconomics post urging investors to look beyond Roadster sales. Musk said the Roadster would still be built because it is "super cool". Tesla unveiled the redesigned Roadster on 15 Oct with SpaceX-derived propulsion technology, with production targeted for 2028 after delays since 2017. Tesla is scheduled to report third-quarter results on 21 Oct.

What to watch: Tesla is scheduled to release its third-quarter financial results on 21 Oct.

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