Connect with us
tesla-bot-profile tesla-bot-profile

News

Tesla Bot to address human labor shortage in the future

(Credit: Tesla)

Published

on

At the Wall Street Journal’s (WSJ) CEO Council Summit, Elon Musk shared some updates on the Tesla Bot and how it could alleviate human labor shortage in the future.

During Tesla AI Day, when the company unveiled the Tesla Bot, Musk explained that the humanoid robot could be used to help with “boring, repetitive, dangerous work.” At the WSJ summit, Musk elaborated further on the primary purpose of the Tesla Bot.

“[The Tesla Bot] has the potential to be a generalized substitute for human labor over time. The foundation of the economy is labor. Capital equipment is essentially distilled labor… The fundamental constraint is labor. There are not enough people. I can’t emphasize this enough. There are not enough people. I think one of the biggest risks for civilizations is the low birthrate and the rapidly declining birthrate.

“And yet, so many people, including smart people, think there are too many people in the world and think that the population is going out of control. It’s completely the opposite. Please look at the numbers. If people don’t have children, civilization is going to crumble. Mark my words,” Musk said.

Multiple studies through the years have shown that global birth rates are declining. According to the UN Population Division, for a country to naturally replace its population, it should have a fertility rate or replacement rate of at least 2.1. Very few countries have a birthrate that meets the minimum replacement rate.  

Advertisement

A quick look at the map below reveals many countries worldwide have a fertility rate below 2.0. For instance, China has a fertility rate of 1.7, and Japan’s is 1.4. Asia’s fertility rates seem to fluctuate between 1.0 to above 2.1. 

(Credit: The World Bank)

Meanwhile, in Europe, most nations have a fertility rate below 2.1. For example, Germany has a fertility rate of 1.6, and Italy’s replacement rate is 1.3. In North America, it is below 2.1 as well. The United States has a fertility rate of 1.7, and Canada’s replacement rate is 1.5. 

Some parts of the globe have fertility rates higher than 2.1, like Nigeria, which has a replacement rate of 5.4. However, births are trending on a decline. For instance, Nigeria’s current fertility rate decreased from 6.35 in the ’60s to its current rate in 2019. 

Experts believe declining birth rates could slow economic growth. One study published by the University of Alabama identified some adverse outcomes of declining birth rates, including labor shortages, wage pressures, and large turnover rates. The Tesla Bot seems to be a resolution to expected labor shortages caused by low birth rates. 

Tesla is due to release a prototype of its humanoid AI robot next year. The company has already started a hiring ramp for the Tesla Bot in 2022. Tesla has posted jobs mostly related to manufacturing and engineering for its humanoid robot, like postings for Controls Engineers and Engineering Technicians. 

Musk shared also shared some details about Tesla’s progress with its humanoid AI robot project at the summit.

Advertisement

“With Tesla Autopilot and Full Self-Driving we’re effectively creating the most advanced, practical AI for navigating the world. You can almost think of Tesla as the world’s biggest company, or semi-sentient robot company. The car is already kind of like a robot on four wheels. So then, it’ll probably take the same technology and put it in a humanoid robot and make it be useful.

“Essentially, for the humanoid part, we need to develop some custom actuators and sensors and essentially use the Tesla Full Self-Driving or Autopilot or just generally speaking, real world navigation AI for the humanoid robot and I think this could be quite profound. I don’t know exactly when we will get this right, but we will get it right,” he said.

Watch Elon Musk’s WSJ interview below!

The Teslarati team would appreciate hearing from you. If you have any tips, reach out to me at maria@teslarati.com or via Twitter @Writer_01001101.

Advertisement

Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

Elon Musk

Analyst: Elon Musk’s $1 trillion Tesla pay deal modest against robot market potential

Jonas highlighted Tesla’s longer-term ambitions in robotics as a key factor in his assessment.

Published

on

Credit: Tesla

Morgan Stanley analyst Adam Jonas, one of Wall Street’s most ardent Tesla (NASDAQ:TSLA) bulls today, has described Elon Musk’s newly proposed $1 trillion performance-based compensation package as a “good deal” for investors. 

In a note shared this week, Jonas argued that the package helps align the interests of Musk and Tesla’s minority shareholders, despite its shockingly high headline number.

Future market opportunities

Jonas highlighted Tesla’s longer-term ambitions in robotics as a key factor in his assessment. “Yes, a trillion bucks is a big number, but (it) is rather modest compared to the size of the market opportunity,” Jonas wrote. He added that the humanoid robot market could ultimately surpass the size of today’s global labor market “by a significant multiple.”

“We have entertained scenarios where the humanoid robot market can exceed the size of today’s global labor market… by a significant multiple,” Jonas wrote, as shared on X by Tesla watcher Sawyer Merritt.

The analyst likened the arrival of AI-powered robotics to the transformative effect of electricity, noting that “contemplating future global GDP before AI robots is like contemplating global GDP before electricity.” The Morgan Stanley analyst’s insights align with the idea that as much as 80% of Tesla’s future valuation could be tied to its Optimus humanoid robot program.

Advertisement

Elon Musk’s pay package

Tesla’s board has tied Elon Musk’s proposed compensation package to some of the most ambitious targets in corporate history. The 2025 CEO Performance Award requires the automaker’s valuation to soar from roughly $1.1 trillion today to $8.5 trillion over the next decade, a level that would make Tesla the most valuable company in existence.

The plan also demands a leap in Tesla’s operating profit, from $17 billion in 2024 to $400 billion annually. It also ties the CEO’s compensation to a number of product milestones, including the delivery of 20 million vehicles in total, 10 million active Full Self-Driving subscriptions, 1 million Tesla Bots, and 1 million Robotaxis in operation. Tesla’s board emphasized that Musk’s leadership was fundamental to achieving such ambitious goals, with Chair Robyn Denholm noting the award would align the CEO’s incentives with long-term shareholder value.

Continue Reading

News

Tesla China posts strongest registrations of Q3 so far with first Model Y L deliveries

Tesla posted 14,300 insurance registrations in China during the week of September 1–7.

Published

on

Credit: Tesla China

Tesla posted 14,300 insurance registrations in China during the week of September 1–7, a 14.4% increase from the previous week’s 12,500 units. 

The figure marks Tesla’s highest weekly performance so far this quarter so far, despite the company’s year-over-year figures still being below 2024’s numbers.

Weekly registrations

The week’s registrations broke down to 5,000 Model 3s and 8,400 Model Ys, including the first 900 units of the newly launched Model Y L variant, as per estimates from industry watchers. On a quarterly basis, Tesla China is tracking 41.3% growth compared to the previous quarter, which bodes well for the company’s results this Q3 2025.

For the month of August, Tesla sold 57,152 vehicles in China, down 9.93% from the same period in 2024 but up 40.7% from July’s 40,617 units, according to the China Passenger Car Association (CPCA). Year-to-date, Tesla’s China sales are 7.2% lower compared to the previous year.

Model Y L first deliveries

The week ending September 7 was the first week that included the newly released Model Y L, a six-seat extended wheelbase version of the company’s best-selling all-electric crossover. Industry watchers estimate that last week, the first 900 units of the Model Y L have been registered, though this number is expected to increase in the coming weeks as deliveries of the vehicle hit their pace.

Advertisement

Citing information from a Tesla store in Beijing, Chinese media outlet Cailianshe stated that the Model Y L has been seeing a lot of interest among car buyers. “(The Model Y L) is selling very well. Since its launch, 120,000 orders have been received, with nearly 10,000 orders placed every day. The first batch of customers began receiving deliveries in the past two days,” a Tesla representative stated.

Continue Reading

News

Tesla launches MultiPass to simplify charging at non-Tesla stations

With the new service, Tesla owners can activate charging either through the Tesla app or by using their existing Tesla key card.

Published

on

tesla nacs charger
(Credit: Tesla)

Tesla has introduced MultiPass, a new feature that allows owners to use their Tesla account to charge at non-Tesla charging stations. 

The service launched this week in the Netherlands, giving drivers the ability to find chargers, start sessions, and view charging history directly within the Tesla app.

Streamlining third-party charging

With MultiPass, Tesla owners can activate charging either through the Tesla app or by using their existing Tesla key card. This eliminates the need for separate accounts or additional cards from third-party networks. Tesla Charging highlighted the convenience of managing charging sessions in one location in a post on X, while Max de Zegher, Tesla’s Director of Charging for North America, emphasized that the update removes unnecessary friction.

“Nobody likes creating more accounts with payment details and passwords. For charging, this can even mean needing a third-party charging card mailed to your house. Starting in the Netherlands today, your Tesla App and your existing (!) Tesla keycard can start charging at third-party chargers. We’ll expand this to more countries quickly if customers love it. To make ownership effortless, the Tesla App should really be the only thing you need,” the Tesla executive wrote in a post on X.

Third-party payments and a familiar name

Tesla owners could pay for their third-party charging session with their Tesla accounts, as per the electric vehicle maker on its official website. Payments are drafted from users’ default payment method in the Tesla App, though charging costs will still vary depending on the third-party charger that is used.

Advertisement

Interestingly, the MultiPass name also echoes a pop culture reference. In the 1997 sci-fi film The Fifth Element, Leeloo Dallas-505 carried a futuristic “Multipass” smart card that functioned as her ID, passport, and ticket to space travel. Her accented repetition of “Multipass!” became one of the film’s most memorable lines, and it highlighted the card’s all-in-one convenience.

Tesla has not provided a timeline for Multipass’ U.S. rollout, though the service could become an important addition to the growing but often fragmented landscape of DC fast charging.

Continue Reading

Trending