#optimus-robots
#optimus-robots
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Artificial intelligence
fromFortune
3 months agoTesla reveals $2 billion investment in Elon Musk's xAI and officially kills the Model S and Model X | Fortune
Elon Musk directed Tesla to invest $2 billion in xAI, discontinue the Model S and Model X, and repurpose factory space to build Optimus humanoid robots.
Tech industry
fromABC7 San Francisco
3 months agoTesla CEO Elon Musk to stop production of models S and X; convert Fremont factory to produce robots
Tesla's annual net income fell 46% to $3.8 billion as competition, boycotts, and aging products pressured sales despite improved gross margins and cheaper models.
fromFuturism
3 months agoElon's xAI Is Losing Staggering Amounts of Money
According to documents obtained by Bloomberg, xAI recorded a net loss of $1.46 billion over the third quarter of 2025. That's an even worse loss than previous months - in the first quarter of 2025, for example, the company's net loss was roughly $1 billion, and it's shredded $7.8 billion in cash over the last year, according to documents obtained by the publication.
Artificial intelligence
fromFortune
7 months agoAs EV sales continue to plummet, Elon Musk says Optimus robots will make up 80% of Tesla's value, despite production delays
Elon Musk's lofty vision for Tesla includes less attention on electric vehicles and a doubling-down on its autonomous robots, even as production for the bots have hit numerous snags. The Tesla CEO said on Monday 80% of Tesla's value would someday come from Optimus robots, the humanoid bot Musk's company introduced in 2021 intended to eliminate dangerous and menial factory tasks. Musk's forecast of the bots' success came shortly after Tesla revealed its " Master Plan Part IV " on Monday, outlining Tesla's goals for the future.
Artificial intelligence
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