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The Potential Impact of Tesla's Humanoid Robot on the Supply Chain and Key Stocks to Watch
Tesla Bot: A New Player in the Humanoid Robot Market
Tesla has recently launched its humanoid robot, known as the Tesla Bot, which aims to perform unsafe, repetitive, or mundane tasks. While the current version may not have the advanced motion control capabilities of Boston Dynamics' Atlas, it offers two key advantages: cost and artificial intelligence capabilities. Tesla Bot is expected to retail at around $20,000 per unit, significantly cheaper than the reported price tag of $150,000 for the Atlas. Additionally, Tesla's advanced AI capabilities, developed through its work on autonomous driving technology, could give it an edge in commercializing the product.
The Supply Chain for Humanoid Robots and Key Stocks to Watch
According to HSBC, there are several stocks in the supply chain that may benefit from Tesla's push into humanoid robots. These stocks include Japan's Keyence, South Korea's LG Energy Solution, and Chinese firms Inovance, Contemporary Amperex Technology (CATL), and Zhejiang Sanhua. These companies are involved in various aspects of the supply chain, manufacturing vital components such as machine vision systems, control systems, servo motors, and human-computer interaction display systems. As the global service robotics market is projected to grow from $34 billion in 2020 to about $110 billion in 2026, these stocks could present opportunities for investors.
The Future of Humanoid Robots in Various Industries
While humanoid robots are currently being used for simple tasks like logistics-handling and consumer services, more advanced robots like the Tesla Bot have the potential to perform complex tasks across industries such as healthcare and manufacturing. However, HSBC cautions that for humanoid robots to thrive, they will need to match the performance of their substitutes or offer stronger general intelligence to operate in unpredictable environments. Similar to the challenges faced in achieving advanced Level 5 autonomous driving, perfecting humanoid robots may take time due to the need to address various corner cases.
Potential Hurdles and Increased Competition
HSBC also highlights the significant hurdles and risks associated with the humanoid robot sector. Increased competition from companies like Xiaomi and Dyson, who have shown interest in this market, could pose challenges for Tesla and other players. However, as technology advances and more companies invest in this space, the potential for humanoid robots to revolutionize industries and streamline operations becomes increasingly promising.
The Disruptive Potential of Tesla's Humanoid Robot for New Businesses
The introduction of Tesla's humanoid robot, the Tesla Bot, has the potential to revolutionize the supply chain and impact various industries. For new businesses looking to capitalize on this emerging market, there are several key takeaways to consider.
Firstly, the affordability of the Tesla Bot compared to its competitors, such as Boston Dynamics' Atlas, opens up opportunities for cost-effective automation. Priced at around $20,000 per unit, Tesla Bot offers significant savings, making it more accessible for businesses with limited resources.
Secondly, the supply chain implications should not be overlooked. As the demand for humanoid robots grows, companies involved in manufacturing vital components, like machine vision systems and control systems, will see increased opportunities. Stocks such as Keyence, LG Energy Solution, Inovance, CATL, and Zhejiang Sanhua are worth watching as they could benefit from Tesla's foray into humanoid robots.
Additionally, the versatility of humanoid robots, exemplified by the Tesla Bot's potential to perform complex tasks, expands the range of industries that can benefit from automation. Healthcare and manufacturing sectors, in particular, stand to gain as the technology progresses.
However, new businesses must navigate challenges in the sector. Achieving the performance level of substitutes and developing stronger general intelligence for unpredictable environments are significant hurdles. Competition from established players like Xiaomi and Dyson adds further complexity to the market landscape.
Nonetheless, as technology advances and investment in humanoid robots increases, the potential for these machines to transform industries and optimize operations grows. New businesses that can leverage this disruptive technology have an opportunity to establish themselves as key players in the evolving world of robotics.
Article First Published at: https://www.cnbc.com/2023/07/13/teslas-push-into-humanoid-robots-set-to-benefit-these-stocks-hsbc.html
