Tesla fast-tracks Optimus humanoid robots, shifting factory space and strategy as Musk promises mass production and a poverty-free future.

Tesla CEO Elon Musk makes much of the shining future of the driverless Cybercab and the Optimus robot. As for revenue today, one of the company’s few bright spots is batteries.

Tesla (TSLA) shares are gaining ground as a top- and bottom-line beat coupled with an upbeat outlook on Cybercab and robotaxi growth overshadowed another quarterly revenue decline, reflecting the end of government tax incentives and heightened competition in China and Europe.

Speaking at the World Economic Forum in Davos, Switzerland last week, Musk said that Tesla is “planning to make its Optimus robots available for sale to the public by the end of 2027.” That is when Tesla will be confident that the robots will be highly reliable, safe and functional. The robots will be able to perform any task, he said.