According to CoinMeta, Tesla stated that it has begun producing humanoid robots at its Fremont factory in California. However, Musk pointed out that the production progress will not be smooth, as there are "10,000 things that need to go smoothly." In addition, Tesla has lowered its annual capital expenditure forecast from $25 billion to $20 billion. This expenditure will be used for Optimus production lines, artificial intelligence computing, Cybercab, and a chip factory co-built with SpaceX.