Tesla's stock has resumed its rise. This may be a delayed reaction to the news about robots

Tesla shares, in the absence of significant news, returned to growth after several days of decline. This may be a belated reaction of investors to Elon Musk's statement that Tesla's future lies in humanoid robots rather than electric cars. Morgan Stanley estimates that by 2050, such robots could surpass the auto industry in terms of their impact on the economy, and Tesla could be one of the potential leaders of this market.

Tesla shares rose 1.4% in trading on September 3, outperforming the technology index Nasdaq Composite, which added 1%. Until Wednesday, Tesla shares had fallen four days in a row.

There was no news that could explain the growth of quotations on Wednesday, writes Barron's. The only positive event was a visit to the Tesla plant by Salesforce CEO Marc Benioff, who appeared impressed with the company's robotics project. "Amazing what Elon Musk is doing to create the future," Benioff wrote on social media X. He posted a photo of himself next to Musk and the company's Optimus humanoid robot.

Tesla introduced Optimus robots back in 2021, but has yet to release them to the market. Musk has claimed he plans to start sales next year. Benioff didn't tell investors anything new with his post - but sometimes the mere indication that Musk is still working on Tesla's AI projects is enough to cause shares to rise, Barron's notes.

The growth of Tesla quotations may also be caused by the delayed reaction of investors to Elon Musk's statements about the Optimus project, which he made earlier in the week, Seeking Alpha believes. Immediately after their release, Tesla shares fell along with the broad market.

As Tesla's electric car business faces a prolonged sales slump and increased competition, Musk is trying to convince Wall Street to look to the future, CNBC wrote. On Sept. 1, the entrepreneur said on social network X that roughly 80 percent of Tesla's market value will one day come from Optimus humanoid robots rather than electric cars.

The entrepreneur published his prediction shortly after Tesla unveiled on the same social network its "Master Plan. Part 4" - a corporate manifesto that outlines the goal of creating a world of "sustainable abundance". In this world, according to Tesla's vision, robots will be able to perform particularly routine or dangerous tasks instead of humans.

Morgan Stanley analyst Adam Jonas said in March that investors are misjudging Tesla by viewing it primarily as an electric car maker. "It's like valuing Amazon solely as an online retailer or Apple as a seller of glowing rectangles and headphones," the analyst wrote.

In his estimation, not electric cars but Optimus robots represent "a potential multi-decade and trillion-dollar opportunity" for Tesla. Jonas called Tesla his "top pick" in the U.S. auto industry and now holds a $410 target price on the stock, nearly a quarter above current quotes.

According to Morgan Stanley's forecast, in the next few decades, the market for humanoid robots could double the turnover of the automobile industry. In a report released in spring, the bank said that by 2050, the humanoid market could exceed $5 trillion. Tesla with its Optimus robot, according to analysts, could be among the market leaders due to its ability to integrate hardware, software and artificial intelligence.

This article was AI-translated and verified by a human editor