For perspective, Home Depot does about $150 billion in annual revenue.
The company has 2,000 stores in the United States. Each is about 250,000 square feet, so this is big business at the highest level.
That’s what makes the fact that Goldman Sachs thinks that the humanoid robots Tesla is developing could be a $150 billion business in the next 15 years so astounding.
For a very long time, the idea of robots taking over menial jobs has been a pipe dream, but that reality is closer each day.
The Tesla bot project is on the fast track because Elon Musk wants to see these robots working on the assembly lines.
Goldman Sachs was watching closely and released a report about what an investment in the project could and would look like.
The report claims that the robot market could be worth $154 billion by 2035. That’s big. As big as the entire EV market is expected to be.
Here’s a little taste of the Goldman Sachs report.
“The launch of Tesla’s humanoid robot prototype, the “Optimus”, has again sparked debate about the financial opportunities of such innovation. The investment case for humanoid robots is sizable – we estimate that in 10-15 years a market size of at least US$6bn is achievable to fill 4$ of the US manufacturing labor shortage gap by 2030E and 2% of global elderly care demand by 2035E.”
This lofty valuation depends on all the design hurdles and technology advances being achievable and on the fact that they would need public acceptance because the idea of AI-controlled freaking-looking robots having a significant role in human life is a little bit creepy.
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