Why Elon Musk Believes the Humanoid Robot Market Will Surpass the Car Market

Elon Musk has made many statements asserting that the value of Tesla’s Optimus robot will far exceed that of cars. He envisions a future where robots capable of performing human tasks will have immense potential. During Tesla’s 2024 Annual Shareholder Meeting, he went further, stating that humanoid robots could propel the company’s market capitalization to $25 trillion in the future.

Musk believes the humanoid robot market will be so large because the number of robots will likely surpass the number of humans. Individuals could purchase multiple robots for doing different tasks. Furthermore, businesses across various sectors like agriculture, manufacturing, warehousing, and transportation stand to benefit from robot integration.

Here are some reasons that support his view:

1. Vast Range of Applications: Unlike cars with a single function, humanoid robots can perform a wide range of tasks. They can entertain and educate children, perform household chores and prepare meals, go shopping, work in factories and warehouses, deliver mail, and handle any routine task that a human can.

2. Affordable Mass Production: Tesla’s ability to produce Optimus at an affordable price and in large quantities is another factor that makes Musk believe it can lead…