Tesla's Optimus Timing Could Disappoint Some Investors
Dow Jones01:42
1342 ET - Tesla's commentary about Optimus could have been a disappointment to investors, Oppenheimer analysts say in a note. Initial Optimus production has started, but the company is going through a pronged ramp as the complexity of the supply chain, manufacturing and training will lead to challenges, the analysts say. This timing will likely disappoint bullish investors. Plus, Chief Executive Elon Musk didn't share many more details on a potential merger between Tesla and SpaceX. This leaves questions about valuation and could weigh on the stock, the analysts say. Tesla is down 2%.
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