Optimus

Tesla's production schedule for the Optimus humanoid robot is facing delays due to China's new export restrictions on rare earth minerals. CEO Elon Musk cited a 'magnet issue' during an earnings call, stating the company is seeking licenses from Beijing to continue sourcing the crucial components.

Tesla showcased its Optimus humanoid robot on Capitol Hill this week as part of an event where U.S. robotics companies urged lawmakers to establish a national strategy to compete with global rivals, particularly China. Tesla representatives highlighted the need for manufacturing scale alongside innovation.

As the humanoid robotics race heats up, U.S. giants like Tesla face stiff competition from Chinese firms such as Unitree. Analysts warn that China's manufacturing prowess and supportive policies could enable it to dominate this transformative industry.

Tesla plans to present its Optimus humanoid robot at a Capitol Hill symposium, highlighting advancements in robotics amid a politically sensitive period for the company.

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