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Tariffs restrain the march of the robots

Depressed buyers and global supply chains could delay the adoption of futuristic technology
Tesla chief Elon Musk has reiterated his aims of having 1mn Optimus humanoids by 2030

Elon Musk, facing disarray in his corporate and government ambitions, remains gung-ho on the rise of robots. The tech billionaire, Tesla boss and government efficiency tsar this week reiterated his aims of having 1mn Optimus humanoids by 2030, or even 2029.

Swiss industrial giant ABB, which plans to spin off its robotics arm next year, will be hoping others share his view. The group in 2022 became the first manufacturer to sell 100,000 robots, but the division’s $278mn of operating profit before amortisation represents just a snip of the company’s $6bn total.

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