What Is Elon Musk Targeting After Electric Vehicles?

 

Elon Musk's Next Venture After Electric Cars

Elon Musk, the CEO of Tesla, SpaceX, and X (formerly Twitter), is renowned for his diverse business ventures. In 2024, Musk played a significant role in securing Donald Trump's re-election, which has bolstered policies beneficial to both the U.S. and Musk's businesses. Musk, once considered the epitome of innovation, now commands global attention, surpassing even Apple in influence. When Tesla first entered the electric vehicle (EV) market, many established automakers were skeptical of his endeavors. However, today, automakers worldwide are racing to catch up to Tesla in the EV market, with South Korea's Hyundai being one of its key competitors. While Tesla's history is relatively short, Musk has demonstrated an uncanny ability to anticipate future market trends. Let’s explore where Musk is focusing his attention post-electric vehicles and consider potential investment opportunities.

Elon Musk [Source: Naver Images]

Elon Musk’s Ambition to Dominate the Labor Market

As the EV market becomes increasingly competitive with major players entering the fray, Tesla is rapidly exploring its next growth frontier. One key realization for Tesla is the significant cost and risk associated with human labor in manufacturing. To address this, Musk is accelerating the development of Tesla Bot, a humanoid robot designed to perform delicate tasks like folding clothes or moving cups. Tesla has even released videos demonstrating the Tesla Bot’s capabilities, leaving audiences impressed. Once approved by U.S. regulatory bodies, Tesla Bots are expected to be deployed in Tesla factories and could eventually be sold for domestic use, handling household chores. Musk envisions Tesla as a company that produces robots capable of replacing human labor, both in industrial and domestic settings. By venturing into robotics, Musk aims to transform Tesla into a leader in the burgeoning robotics market, which he sees as the next major economic opportunity.

 

Humanoid Robot "Optimus" [Photo: Tesla]

Tesla’s Ambition to Control Autonomous Driving Data

Tesla remains a technological leader in the EV market, particularly in autonomous driving systems. As a pioneer in this field, Tesla’s ultimate goal is to enable vehicles to navigate to destinations without human intervention. The company's autonomous driving system is highly advanced, presenting a significant barrier for competitors. Musk envisions cars evolving from mere transportation tools into multifunctional spaces where people can enjoy media, work, and leisure. As more automakers adopt Tesla’s autonomous driving systems, Tesla gains greater control over vehicle operations and, more importantly, the data generated. This opens the door to lucrative subscription-based revenue models, similar to insurance services, or expansions into car-sharing services. By moving the paradigm from vehicle ownership to shared mobility, Tesla could dominate global mobility and data markets. If Musk’s vision for autonomous driving materializes, cars will become more than vehicles—they’ll transform into high-value platforms. Just as Apple made smartphones ubiquitous, Tesla could use subscription-based models to make its autonomous vehicles accessible to the masses, ultimately controlling global consumer data. With such data, Tesla could outpace Apple and Google in pinpointing customer preferences and behavior, becoming a powerful player in the advertising market. However, the success of autonomous driving depends heavily on hardware. Sensors and semiconductors are critical to realizing fully autonomous systems. For long-term investors, examining Tesla's use of these components in their vehicles could unveil promising investment opportunities.

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