No one ever mentions optimus. Labor is the single biggest rate limiting step for Tesla to scale up to 20 million cars. Elon urges developers to build more houses because it's difficult to find people willing to work when housing prices explode next to every giga factory due to the amount of people needed to build products.Some people recently asked what Tesla is going to do with all its cash. Some proposed a stock buyback.
I think right now they are mostly accumulating a safety buffer of extra cash for insurance in case of an economic downturn. But once that buffer increases a bit more, I think they’ll reinvest profits into these things:
1. More factories.
2. Continued battery research (small piece, admittedly).
3. Solar and storage for as many Superchargers as possible, as has been the plan for about a decade (but still is only implemented in a few places).
4. Continued Supercharger rollout.
5. Self-funding for insurance and financing arms.
6. R&D and investment in mining so Tesla can increase access to raw battery materials and accelerate production.
Any or all of the above uses of cash would have positive returns on investment, advance the mission, and serve as a revenue multiplier, which is why a stock buyback, in my opinion, would not be the best use of money.
Tesla still has a LOT of things they can wisely spend a lot of their money on.
So more giga factories = empty boxes if there's a shortage to labor. Optimus is perhaps one of the top priorities that everyone thinks it's some kind of pet project.