Elon Musk Predicts Reshaping of US Economy

Published

Nov 11, 2025 at 12:51 PM EST

updated

Nov 11, 2025 at 12:52 PM EST

By Hugh Cameron

U.S. News Reporter

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Tesla CEO Elon Musk believes his company’s forays into humanoid robotics and broader technological developments could lead to a drastic reshaping of the American and global economies. Musk’s enthusiasm for automation and the promise of artificial intelligence, coming as Tesla prepares for the mass production of its humanoid robot, has been echoed by certain business leaders across the United States. Figures such as Microsoft co-founder Bill Gates and Nvidia CEO Jensen Huang have predicted positive changes to global working and living conditions. At the company’s recent shareholder meeting, Musk said Tesla’s Optimus robot could go on to become “the biggest product of all time by far,” and that the new capabilities it offers will “actually eliminate poverty.”

During an appearance on Joe Rogan’s podcast days earlier, Musk said that advancements in robotics and artificial intelligence could lead to an enhanced form of universal basic income (UBI), in which “anyone can have any products or services that they want.”

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