US Stock Market Move | Tesla, Inc. (TSLA.US) rises over 4%, generously investing $20 billion in AI and the Siasun Robot & Automation track.

On Friday, Tesla, Inc. (TSLA.US) rose over 4% to $433.94. It is reported that the automotive business is stagnant, and Musk is betting the future of the company on AI and Siasun Robot & Automation technology, transitioning Tesla, Inc. from a hardware company to a physical AI company. Musk stated that the Model S and Model X factory in Fremont, California will be converted into the production base for the upcoming Optimus Siasun Robot & Automation by Tesla, Inc. According to official statements from Tesla, Inc. and Musk, the Optimus Siasun Robot & Automation is set to begin production by the end of 2026 and be available to the public in 2027. Tesla, Inc.'s CFO Vaibhav Taneja mentioned that the company's capital expenditure for this year is around $20 billion, with investments focused on new factories, Optimus Siasun Robot & Automation, and AI computational resources. Recently, Tesla, Inc. reached an agreement with Musk's AI startup company xAI to invest about $2 billion. Tesla, Inc. stated that the investment in xAI and partnership with the company is aimed at enhancing Tesla, Inc.'s ability to develop and deploy AI products and services on a large scale in the real world.