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The 125-pound machine is named 'Tesla Bot' on the company's website and has a screen where it's face should be to display information.
Musk says the humanoid robot will be capable of dead-lifting 150 pounds (69kg), whilst being able to carry 45 pounds (21kg).
Musk, who has previously spoken about his fears over Artificial Intelligence getting out of hand, said: "We're setting it such that it is at a mechanical level, at a physical level, that you can run away from it and most likely overpower it."
Apparently the bot will make use of Tesla's autopilot software and will be equipped with eight cameras to feed in to the neural network, which is said to emulate functions of the human brain.
It uses the cameras to evaluate its surroundings by identifying objects, routes and images.
"Our cars are semi-sentient robots on wheels," Musk added. "It kind of makes sense to put that [the software] on to a human-like [form] as well."
The CEO said the Tesla Bots could be used for businesses, where staff usually have to carry out dangerous tasks.
He continued to say that the main objective will be to make the robot navigate through daily life without being told what to do.
He explained: "There will be profound applications for the economy. In the future, physical work will be a choice."
Despite showing off a visual representation on what the bot is going to look like, Tesla are still yet to build a fully functioning model.
He hopes that a prototype will be readily developed sometime next year.
We all know how Tesla are and their lack of sticking to a release date. Not as bad as Kanye West though.
The CEO famously said in 2019 there would be 'one million Tesla robotaxis on the road' by the end of 2020.
It's safe to say that didn't exactly play out as planned.
The car's current FSD software still needs a licensed operator in order to use a fully automated car.
In terms of the bot, Musk concluded: "We're making the pieces that would be useful for [building] a humanoid robot, so we should probably make it. If we don't, someone else will - and we want to make sure it's safe."