$TSLA believes Optimus can reuse the same end-to-end AI stack as FSD learning from cameras, factory workers, simulation and eventually a growing fleet of robots. That could create a powerful physical AI data flywheel built on Tesla’s existing strengths in real-world data, inference chips, software and manufacturing. The challenge is capital intensity because with 2026 capex above $25B and still rising, Tesla must prove these new businesses can generate returns before the investment cycle overwhelms automotive profits.
View on X ↗