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Morgan Stanley released a bold forecast claiming the humanoid robot market could expand to a staggering $5 trillion in annual revenue by 2050. Analysts at the investment bank predict this emerging sector will grow to roughly double the combined sales of the world’s 20 largest automakers.
This projection represents a massive opportunity for Tesla (TSLA). Apparently, the electric vehicle manufacturer is aggressively developing its Optimus humanoid robot. Tesla CEO Elon Musk has repeatedly emphasized that Optimus could eventually become the company’s most valuable product line, even surpassing its electric vehicle business.