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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Elon Musk Says 80% Of Tesla's Value Lies In Robots While China's UBTech Scores Record Deal, JPMorgan Sees Beijing Firms Leading The Humanoid Boom

Elon Musk JPMorgan UBtech United States Robots China Nasdaq Tesla Inc. X
Tesla,Optimus,Futuristic,Humanoid,Autonomous,Robot,Head,Face

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk doubled down on his robotics vision on Tuesday, predicting that the company’s Optimus humanoid robots will eventually represent approximately 80% of Tesla’s total value.

The bold forecast comes as Chinese robotics firm UBTech secured a record-breaking $35 million contract for its Walker S2 humanoid robots—the largest single order for humanoid robots globally.

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