Tesla(US:TSLA) New York Postยท2024-07-22 16:50Group 1 - Tesla plans to have humanoid robots in "low production" for internal use by next year, with hopes for high production for other companies by 2026 [1] - The Tesla robot, named Optimus, is expected to perform factory tasks by the end of this year and could be ready for sale by the end of 2025 [1][3] - Competitors like Honda and Hyundai's Boston Dynamics are also developing humanoid robots to address labor shortages and perform repetitive tasks [1] Group 2 - Elon Musk has a history of making ambitious promises, such as the "robotaxi" network, which has faced delays [2] - Tesla's first generation of the Optimus robot was introduced in September 2022, with a second generation recently showcased performing tasks [3] - The company is shifting focus towards artificial intelligence, autonomous driving software, and robotaxis amid declining demand for electric vehicles, which constitute over 80% of its revenue [3] Group 3 - Tesla is set to report its second-quarter results, with expectations of margins hitting a five-year low, while also highlighting Musk's plans for robotaxis and AI products [4] - Tesla shares increased by over 3% on the day prior to the earnings report [4]