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

Tesla has reported its first-ever annual revenue decline, just as the automaker’s chief executive officer Elon Musk ramps up billions of dollars in investment into artificial intelligence, robotaxis and humanoid robots.

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.

Tesla (TSLA) will start collecting data to train its Optimus humanoid robots at its Austin Gigafactory, the company informed its workers last week. Read more here.