Tesla's annual production report or official statements

Tesla Aims for 600 Weekly Optimus Units by 2025, Targeting 31,000 Annually

Jan 22, 2025, 12:31 AM

Tesla Inc. is reportedly planning to significantly ramp up production of its humanoid robot, Optimus, with a target of producing 600 units per week by the end of 2025. This ambitious plan, if realized, could lead to an annual production rate of approximately 31,000 units, with a run rate of 30,000 units anticipated by the end of this year. The company has provided guidance to its suppliers to prepare for this increase, signaling a strong commitment to the project. Tesla aims to produce several thousand bots this year and between 50,000 to 100,000 units in 2026. Additionally, Tesla's stock price target has been set at $500 by some analysts, who believe the company's advancements in real-world AI and potential launch of a $30,000 model along with full self-driving (FSD) capabilities in Texas and California could drive the stock price above this level. The price-to-earnings ratio for Tesla is projected to be 120 by fiscal year 2026.