Tesla CEO Elon Musk over the weekend presented, The Tesla Bot, code-named Optimus. The robot strolled around a stage, waved, and pump its arms in a slow dancing routine. In three to five years, the robot may cost $20,000, according to Musk.

Although the robot wasn't as impressive as some others, such as Boston Dynamics' Atlas, which is capable of parkour, it was what Tesla managed to construct in less than eight months. Musk joked during a presentation of the robot and the company's autonomous vehicle technology, known as Full Self-Driving, or FSD, at Tesla AI Day 2022. "The robot can do a lot more than what we showed you. We just didn't want it to fall on its face." Musk said.

Given how common and powerful Tesla thinks the robots may be, the Optimus project is among the most ambitious in the robotics field even though it is still early. But making progress is challenging. Competitors like Boston Dynamics have been working on humanoid robots for years, but they have only created prototypes so far. Robots with fewer capabilities are more prevalent, such as wheeled delivery robots or Amazon's Astro, a tablet with a camera for the home.

While Tesla's car-piloting technology and robots must take into account the enormous variety of the real world, artificial intelligence technology performs best with certain tasks. It's likely that Optimus will begin his existence in safety. The business intends to utilize it initially in Tesla's own plants.

In the end, Musk aims to produce millions of Tesla Bots using the manufacturing, supply chain, and manufacturing advantages created for the company's vehicle business. However, take the company's estimates with a degree of caution. Although it has led the rest of the industry toward an electric vehicle future, Tesla has been a successful automaker despite having missed numerous deadlines.

The Tesla Bot is managed by the same AI program that Tesla uses to drive its vehicles. The same technology is used, such as measuring the "occupancy" of nearby areas. As opposed to driving simulators, real-world surroundings are used for training, according to Tesla.

Musk didn't hold back while making futuristic claims about Tesla's robots. Robotic labor ushers in a new era of economics, one Musk described as one of a "future of abundance, a future where there is no poverty, a future where you can have whatever you want in terms of products and services.