For Elon Musk, the future of Tesla isn't its global fleet of EVs. It's Optimus, the humanoid robot designed to help humans tackle everyday tasks.

Tesla CEO Elon Musk doubled down on his company’s robotics and AI ambitions on Tuesday, calling the Optimus humanoid robot the most difficult engineering project Tesla has ever attempted and touting a major leap in its custom AI chips.

If successful, Musk’s stake in the company would climb from nearly 16 per cent to more than 25 per cent, pushing his personal fortune past A$3 trillion. Forbes currently values the Tesla and SpaceX boss at approximately A$667 billion, making him the world’s wealthiest person.

Tesla has a long way to go until it can successfully have AI-powered bipedal robots replace human jobs, according to a new video.

Tesla stock opened higher on Tuesday, looking set to extend its winning streak to a sixth consecutive session.

Tesla CEO Elon Musk predicts Optimus robots will drive most of Tesla’s value as automotive sales slow and skeptics question the plan.

Elon Musk is deemphasizing Tesla Inc.’s car business like never before in favor of humanoid robots that are still in development and a ways off from generating revenue.