Tesla (TSLA) stock gained 1% on Wednesday after news broke that the incoming Trump administration is preparing to make robotics development a priority. The move could benefit the company’s ongoing Optimus humanoid robot project.
Tesla, Inc., TSLA
Commerce Secretary Howard Lutnick has been holding meetings with robotics industry CEOs. Sources told Politico he is “all in” on accelerating the sector’s growth.
The administration is considering an executive order on robotics for next year. The Commerce Department confirmed its focus on the industry in a statement.
The Department of Transportation is preparing to announce a robotics working group. The announcement could come before the end of the year.
Republicans in Congress attempted to include a national robotics commission amendment in the National Defense Authorization Act. The amendment didn’t make the final bill, but other legislative efforts are in the works.
Other robotics stocks posted stronger gains than Tesla. Serve Robotics jumped 8% on the news.
Richtech Robotics surged 11%. Teradyne rose 1%.
The market response suggests investors see real potential in government support for the sector.
Tesla recently showed off new Optimus capabilities in a video. The humanoid robot demonstrated a light jog with natural-looking form.
The robot made appearances at the Neural Information Processing Systems Conference. Spectators shared videos of Optimus’s charging setup and movement patterns.
CEO Elon Musk has called Optimus the biggest product in history. He believes the robot will eliminate the need for humans to perform repetitive tasks like cleaning and lawn care.
Musk recently revealed even bigger ambitions. He thinks Optimus could relieve humans of work entirely within 20 years.
The hand remains one of the toughest engineering challenges. Musk discussed this during the Q3 earnings call.
Tesla has made progress on other aspects like movement and mobility. Without functional hands and fingers, however, the robot’s usefulness would be limited.
The company is working on its third-generation version of Optimus. Development continues as Tesla prepares for eventual mass production and customer sales.
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