Tesla (TSLA) shares fell more than 4% on Monday. OpenAI CEO Sam Altman announced the company is reviving its robotics division and launching an aggressive hiring campaign.
Investors perceive the move as a competitive threat to Tesla’s humanoid robotics ambitions. Tesla has shifted its long-term strategy to focus on artificial intelligence and its Optimus robot program.
OpenAI plans to create robots for infrastructure and personal assistance. This development adds a new dimension to the ongoing rivalry between Elon Musk and Sam Altman.