Elon Musk said Tesla's AI robot Optimus will eventually 'cost less than a car' and could lead to a 'future with no poverty'

Musk has ambitious goals for his company.

The prototype of the bot was dancing and waving to the crowd at the event.

As the bot's technology improves, it could have widespread ramifications.

The potential for Optimus is appreciated by very few people.

He said that the current economy is limited by people and productivity but that an artificial intelligence bot could change that.

Musk predicted that an economy would become quasi-infinite if the electric car company could handle manual labor.

Future of abundance is what this means. There is a future where there is no poverty and you can have what you want. He said that it is a fundamental change of civilization.

Musk promised last year that the bot would be boring and repetitious.

Musk told the crowd that he plans to make the robot at high volume and low cost as soon as possible.

"Optimus is a very capable robot but made in very high volume, probably millions of units, and it is expected to cost less than a car," Musk said.

I think it's less than $20,000.