Tesla Optimus Robot Hit By China's Rare Earths Crackdown — Elon Musk Says Thousands May Be Ready By Year-End, But No Guarantees - video Dailymotion

Benzinga

Tesla is facing supply chain and geopolitical roadblocks in ramping up production of its humanoid robot, Optimus. During the Q1 earnings call, CEO Elon Musk said mass production is months away, citing rare earth export restrictions from China as a major hurdle. Optimus uses permanent magnets in its actuators, which now require export licenses. Musk warned that progress is difficult to predict. Tesla missed revenue expectations for the first quarter., Shares rose over 4% on Tuesday but remain down over 37% year-to-date.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla is facing supply chain and geopolitical roadblocks and revving up production of its

00:06humanoid robot, Optimus. During the Q1 earnings call, CEO Elon Musk said mass production is

00:12months away, signing rare earth export restrictions from China as a major hurdle.

00:16Optimus uses permanent magnets and its actuators, which now require export licenses.

00:21Musk warned that progress is difficult to predict. Tesla missed revenue expectations

00:24for the first quarter. Shares rose over 4% on Tuesday, but remain down over 37%

00:30year-to-day. For all things money, visit Benzinga.com slash GSTV.

Tesla Optimus Robot Hit By China's Rare Earths Crackdown — Elon Musk Says Thousands May Be Ready By Year-End, But No Guarantees

Category

Transcript

Comments

Recommended