Tesla CEO Elon Musk unveiled the company’s new ‘Optimus’ humanoid robot during a presentation, as part of the company’s venture into the robotics business. Musk stated that the company plans to make a useful humanoid robot as quickly as possible, coming soon to assemble in factories. Optimus promises to be an “extremely capable robot”, with experts projecting the robots to be produced in the millions, for a cost of under US $20,000 per unit, making it highly affordable compared to cars. Despite the potential to supplement human labour, Optimus robots are not expected to be available for purchase for at least another three to five years.