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Why Celsius May Be the Next Target for FTX
Why Celsius May Be the Next Target for FTX

Elon Musk Says It's Important He Can Be Fired

Tesla's CEO showed off some new technology that brings the world a little closer to a "Terminator" scenario.
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Elon Musk held a coming-out party for Tesla’s autonomous humanoid robot, called Optimus, at the company’s AI (artificial intelligence) day Friday.

In a presentation, the robot walked, waved, and moved around on the stage without any supporting cables or human intervention. Musk said it was the first time the robot had moved without any tethers or supports.

Musk first announced plans for Tesla to develop robots last year.

The mercurial billionaire and entrepreneur was unusually subdued in his comments, warning that the development of millions of robots could have unforeseen consequences for humanity.

However, Musk took the most optimistic view that massive development of robots “means a future of abundance where there is no poverty; where you can have whatever you want.”

He added that development of Optimus will be “a fundamental transformation of civilization,” adding “of course we want to be sure it’s a positive one.”

Musk Wants a Check on his Power

Musk said that Tesla was well equipped to handle any problems because it is a publicly-traded company. “It’s very important that I can’t just do what I want,” Musk said. “The public can control Tesla,” by buying shares. “So if I go crazy, you can fire me,” he said. Musk holds roughly a 17% stake in the electric vehicle maker. 

Musk offered no specific launch date for the robot, but said the company's goal is to "make a usable humanoid robot as quickly as possible."  During a later question-and-answer period, he said "probably within three to five years you could probably receive an Optimus."

He said Optimus is being designed so that it's possible "to make the robot at a high volume at low cost with high reliability." He said Optimus is "expected to cost much less than a car. I would say probably less than $20,000."