Overview
- Milan Kovac announced on X that he is stepping down immediately to spend more time with family abroad and emphasized his continued support for Elon Musk and Tesla.
- Bloomberg reports that Ashok Elluswamy, who oversees Tesla’s Autopilot development, will take over responsibilities for the Optimus humanoid robot program.
- Critics have questioned the program’s reliance on teleoperation in demonstrations and highlighted supply chain constraints affecting magnet procurement for robot production.
- Elon Musk has projected that Optimus could generate north of $10 trillion in revenue and elevate Tesla’s market cap toward $25 trillion despite the humanoid market remaining in the low-single-digit-billion-dollar range.
- Tesla shares have swung sharply this week amid Musk’s public spat with President Trump, wiping out over $150 billion in market value before a partial rebound.