Optimus 3: Musk teases plans for unveiling

Tesla (TSLA) reported first quarter results on Wednesday after the closing bell. Adjusted earnings per share (EPS) came in at $0.41 (compared to analyst estimates of $0.34), and revenue came in at $22.39 billion (compared to analyst estimates of $22.19 billion).

On the earnings call, CEO Elon Musk projects that Tesla's Optimus humanoid robot will become the "biggest product ever," with production starting in Fremont later this year and expanding to Giga Texas by summer 2027.

Optimus will be uh our biggest product, not not just Tesla's biggest product ever, but probably the biggest product ever. And uh and I remain convinced of that conclusion.

Probably being able to have Optimus be useful outside of Tesla sometime next year.

Optimus, we're preparing Fremont for start of production later this year with with Optimus. Again, totally new supply chain, totally new technology. So therefore, the production S curve is always very slow in the beginning, but will ramp up to significant numbers next year. and we're constructing a second Optimus factory in at our Giga Texas location and that will probably start production around summer next year.

The V3 Optimus design is almost ready to demonstrate. I think we want to just make sure it's like polished, like it works functionally, but uh there's some aesthetic elements uh that need to be finalized. I think probably middle of this year we should be able to show it off.

What we found is that when we've unveiled various Optimus versions, we found out our competitors literally do a frame- by- frame analysis and copy everything we're doing. So, I think we want to push the Optimus 3 unveil maybe closer to production.

start of production is somewhere around the July, August time frame.