Abigail Adams Abigail Adams is a Human Interest Writer and Reporter for PEOPLE. She has been working in journalism for seven years. Musk claimed the robot will have the potential to help "millions" and provide "a future of abundance" where poverty does not exist and where people can have whatever they please "in terms of products and services," according to CNBC, though he did not appear to elaborate. "It really is a fundamental transformation of civilization as we know it," Musk said. Tesla teased the project at AI Day 2021 with a person dressed as a robot, who pranced around on the stage. "Last year was just a person in a robot suit," Musk said prior to Friday's big reveal, according to CNN. "We've come a long way. Compared to that, it's going to be very impressive." Never miss a story — sign up for PEOPLE's free weekly newsletter to get the biggest news of the week delivered to your inbox every Friday. At the event, Musk said the robot will likely be able to do chores such as getting groceries, but could one day work jobs inside Tesla factories currently worked by humans, CNBC reports. Customers may be able to purchase an Optimus robot within three to five years, Musk added. When it does hit the market, Musk believes the robot will "probably" cost around $20,000, according to CNN. David Paul Morris/Bloomberg via Getty Images The robot reveal comes as Twitter sues Musk in an attempt to compel him to buy the company for $44 million, as promised. The billionaire reneged on the deal shortly before the lawsuit was filed in July. In their counterclaims, Musk's team suggested that Twitter had a "scheme to mislead investors about the company's prospects" and claimed the company "was miscounting the number of false and spam accounts on its platform" as part of the plan. Twitter Chairman Bret Taylor called Musk's claims about the company "factually inaccurate, legally insufficient, and commercially irrelevant" in a tweet posted after the filing was submitted. Elon Musk Challenges Twitter CEO Parag Agrawal to 'Public Debate' Over Fake Bots amid Legal Dispute