Where Will Tesla Stock Be in 10 Years?

(NASDAQ: TSLA) investors have been on a roller-coaster ride for the last few years. Shares in the electric vehicle (EV) giant surged in 2020 and 2021 as business boomed in the post-pandemic period. Now, the company is once again near all-time highs amid optimism about its pivot to self-driving cars and robotics. Can Tesla live up to the hype? Let's dig deeper to determine what the next decade could have in store.

Tesla's controversial CEO, Elon Musk, is no stranger to bold and arguably unrealistic projections. But his forecast for the company's new Optimus robots is particularly daring. First announced at Tesla's AI Day event in 2021, Optimus is a humanoid robot designed for general purpose tasks. Musk believes this could be a $10 trillion revenue opportunity as it replaces humans in repetitive and dangerous jobs.

Humanoid robots also synergize with the large language models (LLMs) behind AI chatbots, which could dramatically increase their potential use cases. Tesla's management aims to produce several thousand Optimus robots this year, with an exponential ramp-up in production.

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Source Fool.com