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Humanoid robots took center stage in Beijing as China hosted the first World Humanoid Robot Games. The three-day event brought together 280 teams from 16 countries and put a spotlight on China’s push to build a leading robotics industry.
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Unitree Robotics, a company based in Hangzhou, has emerged as Tesla’s (TSLA) rising rival to its Optimus robot and has won multiple medals. Its H1 robot finished first in a 1,500-meter race with a time of 6 minutes and 35 seconds, which was faster than many human runners. Another highlight came when Unitree’s robots won the 4×100-meter relay. The contests included more than just races, as robots also competed in soccer, martial arts, dance, and even kickboxing.
Still a Long Way to Go
Although the event showed progress, it also made clear that the field is still at an early stage. Several machines tripped during races, and in one case, a robot lost an arm. In soccer, most robots pushed the ball with brute force rather than passing with skill. Many entries were also controlled by human operators using joysticks. This shows that the industry has room to grow before robots can act on their own with ease.
Even with those limits, China views humanoid robots as a strategic sector, as the government has set a goal to create a world-class industry by 2027. The plan includes more events like the Beijing games, which will take place again next year. In addition, robots were tested for job tasks such as hotel service and factory work, which are key areas for future adoption.
For investors, the showcase is relevant because major firms are pointing to robotics as a large market. Nvidia (NVDA) chief Jensen Huang has said that the field could grow into a multi-trillion-dollar sector. Tesla chief Elon Musk has stated that his Optimus robot could one day generate $10 trillion in revenue. At the same time, companies like Unitree are showing that China is moving quickly to match or surpass U.S. rivals. As the sector advances, investors will be watching how quickly robots develop real skills and how companies position themselves to lead in this new market.
What Is TSLA Stock Price Target?
On the Street, Tesla continues to divide opinions with a Hold consensus rating. The average TSLA stock price target stands at $307.23, implying an 8.33% downside from the current.
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