All this time, Tesla keeps boasting about its special humanoid robot and how it will bring a revolution in the robotics industry. Though Elon Musk alone is enough to play his own trumpet, even his confident promotions are not working this time to impress the investors. So, what must be the solution?
More than scientific advancements, investors are in fact yearning to see if this robot can serve some general purpose in the workplace, factories, or even at home. Nancy Cooke, a professor in human systems engineering at Arizona State University, said to succeed, Tesla will need to show robots doing multiple, unscripted actions. Such proof could provide a boost to Tesla stock, which is down 25% from its 2021 peak.
Despite current skepticism, the robot business eventually may be worth more than Tesla's car revenue, according to Musk, who is now touting a vision for the company that goes well beyond making self-driving electric vehicles. Musk's Tesla Bot aims to gradually remove "boring" responsibilities from the hands of mere mortals who are gutsy enough to welcome a robot into the family.
Humanoid robots have been in development for decades by Honda Motor and Hyundai Motor's Boston Dynamics unit. Like self-driving cars, robots have trouble with unpredictable situations. "Self-driving cars weren't really proved to be as easy as anyone thought. And it's the same way with humanoid robots to some extent," the lead of NASA's Dexterous Robotics Team, Shaun Azimi, told Reuters.
Musk's robots may be able to demonstrate basic capabilities at the event, but it would be hard for them to impress public expectations of robots that are as capable as humans, experts say. Tesla did not respond to Reuters' request for comments, but Musk in the past proved skeptics wrong, jump-starting the electric car market and building a rocket company, SpaceX, although some product launches were behind schedule.
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