Despite Tesla’s recent underwhelming first-quarter earnings, CEO Elon Musk has reiterated his long-term vision for the company’s sustainable success, emphasizing the development of robotaxis, Optimus humanoid robots, and the company’s energy business.
According to CNBC on Wednesday, Musk stated during Tesla’s Q1 earnings conference call the day before that the company’s future hinges on mass production of autonomous vehicles and humanoid robots. He emphasized that if Tesla becomes a company capable of building useful and low-cost autonomous vehicles and robots, it could become the most valuable company in the world.
He highlighted that robotaxis are expected to begin generating substantial revenue by mid-next year. Additionally, he revealed that thousands of Optimus robots will be operational in Tesla factories by the end of this year, with plans to scale up to an annual production capacity of 1 million units by 2030.
On the issue of tariffs, Musk commented that while tariffs are a burden for low-margin companies, Tesla has secured a strong position by establishing localized supply chains in the U.S., Europe, and China. He added that although he believes lower tariffs support economic prosperity, the final decision ultimately rests with the president.
Musk also discussed Tesla’s energy business, stating that the company is performing very well in this area. He noted that Tesla’s Megapack—a utility-scale battery system used to store electricity generated from solar panels or wind turbines—has the potential to double the energy output of traditional power plants.
