A Chinese startup has launched a humanoid robot priced at just $1,400, dramatically undercutting competitors like Tesla’s Optimus. This breakthrough could accelerate consumer adoption of robotics technology.
Tesla reported mixed Q3 results with record revenue but missed profit expectations. CEO Elon Musk outlined ambitious autonomous driving and Optimus robot timelines while defending his proposed $1 trillion pay package against corporate critics.
Tesla’s third-quarter financial results presented a complex picture, with the company reportedly achieving record revenue while falling short on profitability metrics. According to the earnings report, Tesla’s revenue reached an all-time high, exceeding Wall Street forecasts after delivering a record number of vehicles during the quarter. However, sources indicate both profits and adjusted earnings per share missed analyst expectations, contributing to a significant stock decline. During Wednesday’s earnings call, Tesla shares reportedly fell approximately 4.5% in after-hours trading, adding to earlier losses.
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Amazon’s aggressive automation strategy could eliminate over half a million potential jobs in the United States by 2033, according to a New York Times investigation. Internal documents reportedly show the company aims to automate 75% of its operations while carefully managing public perception of its robotics expansion. Amazon has disputed the report’s characterization of its plans, calling them incomplete.
Amazon is reportedly planning an unprecedented automation expansion that could eliminate approximately 600,000 potential hires in the United States over the next decade, according to a comprehensive New York Times investigation. Sources indicate that company executives believe robotics implementation could allow Amazon to handle twice the product volume by 2033 without the massive workforce expansion that would otherwise be required.
