Elon Musk made more promises about Optimus and Cybercabs at Tesla’s surprise all-hands meeting
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Summary
Tesla CEO Elon Musk urged employees to “hang on to your stock” at an employee meeting in Texas, despite shares falling by 50% since December.
He also spoke about upcoming products including its Cybercab robotaxi and Optimus humanoid robot, reiterating that the company was months away from releasing its “Full Self Driving” software.
Musk said Tesla would be able to make about 5,000 Optimus robots this year, and “at least one legion of robots” next year, with a new manufacturing process in the works for the Cybercab allowing it to be built in less than five seconds.
The unusual all-hands meeting came as Tesla’s public reputation has plummeted, with Musk also deflecting questions about his many other roles including heading the Department of Government Efficiency (DOGE).
Tesla’s share price fell 7% in morning trading yesterday.