Tesla’s humanoid robot gets muted welcome from Wall Street

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Tesla’s humanoid robot gets muted welcome from Wall Street
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Tesla's humanoid robot is not making a good first impression on Wall Street

Tesla Inc. shares were holding on to small gains a day after the company held its much-anticipated AI Day, which included the surprise reveal of a human-shaped robot one analyst called “an absolute head scratcher.”

Tesla touted the AI event as an artificial-intelligence showcase as well as a recruiting event, with Tesla also highlighting its Dojo supercomputer, which the company plans to use for AI training. At the event, Tesla also unveiled a new in-house computer chip that will run on Dojo. With Tesla “under major scrutiny” for safety issues around Autopilot and a future full autonomy, the company “recognizes there are deficiencies in its current process” before it can arrive at true autonomous driving, he said.

Earlier this week, federal regulators announced the launch of another investigation into Autopilot, this time following several crashes involving parked emergency-response vehicles and emergency scenes.

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