Tesla to Build a Humanoid Robot Prototype by Next Year

 In a recent announcement, Tesla's CEO Elon Musk has stated that it will be building a humanoid robot called Tesla Bot. Musk said that the company is good at sensors and batteries, and they will soon have a prototype by the end of next year that looks precisely like a humanoid robot. This announcement was made on AI Day, in which a series of tech talks were hosted by Tesla in California.

Also, Tesla is working on other exciting new products scheduled for years into the future to energize backers, including employees, customers, and investors. Musk said that the humanoid robot is the future as it can work and perform repetitive tasks that only humans can do today. It will undoubtedly have a great chance to transform the world economy by driving labor costs down.

Musk also added that the robot, code-named "Optimus," will be working on the same chips and sensors that Tesla's cars use prior for self-driving features. The robot will be around five foot eight inches tall, with a digital screen where the head is for helpful information. Tesla is designing these humanoid robots so that humans can do day-to-day tasks with ease.

 

Dogecoin Gains 8 Percent Profit after Elon Musk’s Tweet in Support of the Cryptocurrency

Elon Musk has thrown his weight behind Dogecoinmany times and it is not a secret now that he wants to take it to the next level. His tweets about the ShibaInu face-themed currency, now has a staggering market cap of Rs. 2.1 trillion. The Tesla CEO warned that Bitcoin and Ethereum — the world's two biggest cryptocurrencies — were pursuing a multi-layer transaction system, but their transaction rate was slow and the cost was really high.

Musk’s comment came as a response to a tweet by Dogecoin investor Matt Wallace. "Reminder: The Dogecoin update is coming soon. It will position Doge perfectly to become one of the most used currencies in the world," tweeted Wallace. Replying to the tweet, Musk wrote, "BTC [Bitcoin] and ETH [Ethereum] are pursuing a multilayer transaction system, but base layer transaction rate is slow and transaction cost is high."

In recent times, Doge is maximizing base layer transaction rate and minimizing transaction cost with exchanges. Following an active presence and explanation of various aspects of Dogecoin by Musk, the Cryptocurrency token which was dipped nearly 10 percent has gained eight percent gain.

 

Tesla all set to make it's enter into the energy storage business

In a recent announcement, Tesla, one of the most renowned electric-vehicle companies, has stated that it is getting into the energy business.  Elon Musk is getting into the Texas power market and has stated that the company is starting to take off. On its Q4 2020 earnings call, the company said its battery deployments increased 83 percent in 2020, credits to the popularity of the Megapack, which stores energy for utilities.

As there is an increased demand for renewable energy sources and the world set goals to transition to renewables, demand for these large-scale storage systems is on the rise. Especially the Grid-scale battery storage is expected to become a $15 billion market by 2027. Thereby, Tesla could be everywhere in the future of renewable power.

Musk and his team are continuing to highlight energy as a key part of their growth. It is reported that Tesla Energy could represent up to 30 percent of its total revenue by the 2030s, up from roughly 6 percent today. The company's primary focus is on the U.S. energy hub with natural gas, oil, solar, and wind resources. Tesla aims to is transforming the energy sector by surging growth of renewables.