Move Over, Tesla: This Robotics Stock Is the Better Buy
Key PointsTesla plans to manufacture its first batch of Optimus humanoid robots and hopes to start deliveries in 2027.
U.S. manufacturing is witnessing a resurgence, with the International Federation of Robotics forecasting a rise in robots per 10,000 workers. While Tesla's Optimus robot faces manufacturing hurdles, Rockwell Automation is emerging as a key player in the robotics revolution. Rockwell's hardware and software are crucial to the shift towards more productive domestic factories.
The company's third-quarter earnings show 8% year-over-year growth, with adjusted earnings per share increasing 22% to $3.49. Rockwell is particularly benefiting from the reshoring trend, with strong growth in e-commerce, warehouse automation, and data centers, especially in North America. As a result, Rockwell Automation offers a compelling investment opportunity in the growing robotics sector, making it a better buy than Tesla's Optimus at this time.
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