Part 4/13:
One of the central themes of the call, and the subsequent market reaction, revolves around clarity from Tesla and Elon Musk regarding future milestones. Musk emphasized that the final, commercial version of the Optimus humanoid robot is on track to be revealed in Q1 2026, thereby removing the previous catalyst expected in late 2023 or early 2024. This shift means that any hoped-for catalyst from the Model Year’s end or early November accompanied by Optimus’s launch is now off the table, indirectly tempering expectations for a year-end rally driven by new product announcements.