Humanoid robots will generate 80% of Tesla’s total revenue: In social media posts and internal meetings, Musk claimed that Optimus will eventually represent the majority of Tesla’s business.

Elon Musk predicts money could become irrelevant as AI and robotics advance, speaking alongside Jensen Huang at the U.S.-Saudi investment forum in D.C.

As Elon Musk touted plans to eventually manufacture an army of Tesla bots in Silicon Valley this month, humanoid robots were already being produced and sold to consumers in China.

Shares of Tesla ( TSLA 1.77%) have slipped in recent weeks as enthusiasm for AI (artificial intelligence) -related growth stocks has cooled, even though the company keeps talking up its software and robotics ambitions. The latest pullback follows a strong run earlier this year, illustrating how quickly sentiment around the stock can shift.

Elon Musk believes artificial intelligence will soon make work “optional” and money “irrelevant” in the near future.

Speaking at the U.S.-Saudi Investment Forum, Elon Musk predicted a future where money is "irrelevant" and work is "optional."

Tesla stock climbed early Thursday after Nvidia’s stronger-than-expected quarterly results revived investor confidence in the AI trade.

Tesla stock falls 0.8% as investors await Nvidia earnings. Optimus robot plans face scrutiny over pricing, timelines, and market demand questions.

E lon Musk, already the world’s richest man, is now on the path to becoming its first trillionaire. Tesla’s shareholders recently approved a massive pay package for the CEO, including some $1 trillion in stock options. But the payout will happen only if certain targets are met—including Musk’s successful deployment of 1 million Optimus robots.