Elon Musk, the CEO of Tesla, has made a bold prediction about the company’s future. In a recent interview, Musk stated that Tesla would have factories on the lunar surface within the next 20 years. He also advised investors to hold on to their Tesla stock, as he believes it will be worth a significant amount in the future.
Lunar Factories and Mass Drivers
Musk’s vision for Tesla’s future includes establishing factories on the Moon. This would enable the company to send AI datacenter satellites into space without the need for rockets. Instead, Musk proposes building a Mass Driver, a conceptual method of propulsion that uses magnetic levitation via electromagnets to accelerate payloads.
Optimus’ von Neumann Future
Musk also sees a future where Tesla’s Optimus humanoid robot plays a crucial role in colonizing other planets. He believes that Optimus could become the first von Neumann probe, a theoretical machine capable of creating copies of itself using raw materials sourced from a planet. This would enable humanity to establish a presence on other planets and expand its reach in the universe.
Tesla’s Current State
While Musk’s vision for the future is ambitious, Tesla’s current sales figures are less than ideal. The company recorded a 17% year-over-year decline in European sales in January, with its market share falling to 0.8%. However, despite these challenges, Musk remains bullish about Tesla’s prospects, and the company is targeting 1 million units per year for the Optimus robot.
Investment Advice
Musk’s advice to investors is to hold on to their Tesla stock, as he believes it will be worth a significant amount in the future. With the company’s focus on robotics, AI, and space exploration, Tesla is poised for growth and innovation in the years to come.
Price Action
Tesla’s stock price has been volatile in recent times, with a decline of 2.10% to $408.58 at market close on Thursday. However, Musk’s optimistic outlook and the company’s ambitious plans for the future may yet drive the stock price up.
Conclusion
Elon Musk’s vision for Tesla’s future is bold and ambitious, with plans for lunar factories, Mass Drivers, and a significant role for the Optimus humanoid robot in colonizing other planets. While the company faces challenges in the present, Musk’s confidence in Tesla’s prospects is unwavering. As the company continues to innovate and push the boundaries of what is possible, investors may yet see significant returns on their investment.