The director of The Future Fund LLC, Gary Blackthinks the recent video about an Optimus Robot at the company’s Miami event last weekend raised questions and prompted Tesla Inc. (NASDAQ: TSLA) inventory down.
Optimus is clearly not scalable, says Gary Black
In a post shared on social media platform “If Optimus were operated remotely instead of AI, it would clearly not be scalable as it would require one teleoperator for each robot,” the investor said.
Sawyer Merritt weighs in
Merritt quoted Black’s post and criticized the investor’s belief that stock prices fell because an Optimus robot “fell over.” Merritt added that “it was already known” that the Optimus robots that served people at the EV giant’s various events were being controlled remotely, and also highlighted that the video was blown out of proportion by people on social media.
Optimus’ tele-operated concerns
The comments follow concerns about Optimus robots teleoperating after a video from the company’s Miami event showed one of the robots mimicking the action of taking off a headset/headgear, except wearing nothing of the sort. The robot then fell.
Interestingly enough, CEO of Tesla Elon Musk had claimed that the robot did not teleoperate when Optimus was showcased shadowing the movements of a martial arts expert, adding that Optimus was AI-powered. Musk had also claimed that the Optimus robot would represent more than 80% of Tesla’s future value.
Investors and analysts are bearish on Tesla
It is worth noting that Tesla was recently downgraded to Equal-weight by investment bank Morgan Stanley’s analyst Andreas Percocowho took over from Tesla Bull Adam Jonaswhich had an Outperform rating on the stock since 2023.
Investor Cathie HoutCEO of ARK Investalso dropped the EV giant’s shares in the company ARK Innovation ETF (BATS:ARKK)during which more than 2,100 Tesla shares were sold. The transaction was valued at approximately $923,118. Tesla remains ARKK’s largest holding, with a 12.19% weight in the ETF’s holdings.
Tesla scores well on Momentum, while offering satisfactory quality and growth, but poor value. It also has favorable price developments in the short, medium and long term. For more such insights, subscribe to Benzinga Edge Stock Rankings Today!
Price promotion: TSLA fell 3.39% to $439.58 at market close, and was down 0.02% after-hours to $439.49, according to Benzinga Pro facts.
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