Elon Musk is stacking bold claims about Tesla’s Optimus humanoid robot on top of an already aggressive push into autonomous vehicles, framing the bot as a product that could eventually dwarf Tesla’s car business.

Elon Musk has revealed a major update to Tesla Bot, his ambitious humanoid robot project. The upgrade highlights new advances in technology that could accelerate development. For Tesla, it’s another step in redefining its role far beyond

There may be no other U.S.-based, publicly traded company that's betting its future more on robotics than Tesla ( TSLA 0.17%). The company is in the throes of pivoting from its electric vehicle (EV) business to humanoid robots, a market that could reach $3 trillion by 2050.

Elon Musk has repeatedly touted the Optimus humanoid robot as Tesla’s (NYSE:TSLA) most significant long-term value driver, suggesting it could eventually propel the company’s market cap to $25 trillion.

Tesla executives revealed the Model S and Model X EVs will be discontinued this spring in a recent earnings call. Here's why.

On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.