Competition challenges valuation of Tesla's Optimus robot project, but Elon Musk remains optimistic

From TradingView.:

Gary Black, Future Fund manager, struggles to assign value to Tesla’s Optimus robot project due to competition and lack of comparable products, use case, and market share forecast. Black’s conservative estimates contrast Cathie Wood’s approach, who includes Optimus in valuation models. Elon Musk optimistic about robots building robots but Optimus still lacks basic functions. Tesla stock closed at $164.30. Musk welcomes competition from Figure AI, Microsoft, and Bezos in developing robots. Tesla continues to equip Optimus with improved capabilities.



Read more at TradingView.: Tesla Bull Gary Black Says Competition From Figure-OpenAI’s Humanoid Robot Is Another Reason ‘It’s Difficult To Add A Value For Optimus’