Analyst Insights Into Humanoid Robotics
Morgan Stanley analyst Adam Jonas is growing increasingly bullish on Tesla Inc as he sees the theme of humanoid robotics gaining momentum in the foreseeable future. The EV juggernaut is venturing into its humanoid robot project named Optimus, sparking intrigue and investor attention.
Surge in Interest in Humanoid Robotics
Recent reports of Figure AI securing $675 million in funding from tech heavyweights such as Jeff Bezos, Nvidia, Microsoft, and OpenAI have added fuel to the fire. Additionally, the Chinese government’s backing of humanoid robot technology development has further accelerated the interest in this innovative field.
Shift Towards AI Revolution
Adam Jonas attributes the surge in interest in humanoid robotics to the AI revolution and the deceleration in the advancement of autonomous vehicles. According to Jonas, the technologies underpinning large language models and robust computing power can be harnessed to elevate Artificial General Intelligence (AGI) in robots, presenting a promising avenue for technological growth.
Evolution of Optimus and Industry Trends
During Tesla’s earnings call in February, CEO Elon Musk shared optimism about delivering units of the Optimus humanoid robot in the coming year. Designed to undertake hazardous, repetitive, or monotonous tasks, Optimus is evolving to be more stable and capable, presenting a valuable addition to Tesla’s innovative portfolio.
Analyst Rating and Price Action
Adam Jonas upholds an “overweight” rating on Tesla with a $320 price target, excluding the potential impact of Optimus. Tesla shares closed 0.66% up on Friday at $163.57 despite a year-to-date decline of 34.16%, showcasing the market’s response to the company’s growth initiatives and technological advancements.
For more insights into the future of mobility, explore Benzinga’s coverage here.
Discover more about Elon Musk’s ventures and SpaceX’s endeavors amidst the shifting technological landscape here.
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