温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 马年炒"马"，Optimus量产前夕，特斯拉发包在即，2026年开年，T链们走势反转失败！ 回到今日主题，特斯拉Optimus及核心T链标的们： 回顾去年年12月， 从审厂到发包，诸多T链标的获得明确量产指引，订单、 定点、新工艺资讯不断，T链们"扩 圈"和"缩圈"同时进行，核心标的越发明确，并在2025年终之际，T链们迎来主升行情。 12月以来，特斯拉官方利好真空下，每次T链们行情都和T链进展有关， 这也是小编预测T链整体走势关键要素之 一； 11月14日在 "机器人头条"知识星球 "后梳理中提到看好T链后续反弹（11月21日起迎来小半月反弹）到12月 11日提示注意避险（后续迎来一周下行行情）再到12月19日提示看好后续行情（后续迎来一周震荡上行行情，并 在12月底迎来主升行情）。 目前二级市场最火段子大概就是"马年炒" ...

回顾2025年12月，Optimus V3将至、量产在即，从审厂到发包，订单、定点利好资讯不断，2025年终之际，T 链们迎来主升行情。 今日聊特斯拉Optimus及二级市场T链们之前，先说一下脑机接口板块， 二级市场新晋宠儿，堪称"一朝得道"， 这也是马斯克继电车（自动驾驶）、储能、人形机器人、 商用航天 之后，开启并引领的第五个赛道，不得不佩 服马斯克的前瞻性。 温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 2026年首个交易日，T链们行情虽反转失败，但又有T链标的北美沟通迎重大利好！ 2026年1月1日，马斯克在X平台发文，为其脑机接口公司 Neuralink 打" call "，表示： Neuralink将于2026年开 始大规模生产脑机接口设备，并一种精简、几乎完全自动化的手术流程。 最终结果，1月5日，二级市场人脑工程（ 脑机接口 ）板块成为2026年首个交 ...

温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有侵权、改 稿请联系编辑运营（微信：li_sir_2020）； 然而，2026年开年，特斯拉Optimus和T链两方面资讯有些乱（假利空和假利好）。 T链层面："假"利好 —— 正文： 2026年 ，正式开启，T链走势如何，拭目以待！ 回顾2025年12月，Optimus V3将至，从审厂到发包，订单、定点利好资讯不断，2025年终之际，T链们迎来主升行情。 2025年12月31日（北美时间）， 马斯克在X平台进行了跨年演讲（直播），聊了自动驾驶、星舰、人形机器人和脑机接口； 以下为KY机械团队小作文："针对人形机器人Optimus，马斯克表示：计划2026年实现1万台量产，优先投入到特斯拉超级工 厂，承担搬运、组装等基础工作；同时计划在2026 年11-12月（地火发射窗口期）实现 "星舰+Optimus"的无人火星登陆，后 续将参与火星前期基建。"（ 小编： 实际整个直播过程中，并没有提到1 ...

温馨提示 ： 点击下方图片，查看运营团队最新（12月）原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 一语成阙，还真是这7家！ Optimus V3将至，T链们在2025年年终迎来主升行情， 2026年 T链首个"利好"小作文，来了！ 目前机器人板块核心催化来自于特斯拉Optimus，T链是现阶段人形机器人产业链绝对主角；对于仍处于炒预期 的T链们，相关利好备受二级市场关注，尤其在 特斯拉发包之际、核心T链标的陆续前往北美沟通等关键节点上。 " 特斯拉Optimus Gen3量产审核已结束，7家国内公司成为特斯拉机器人Tier1供应商 。"该则资讯于1月1日发 布后瞬间刷屏行业圈，并在2日迅速发酵。 小编昨日有针对该资讯发文（ 文章 ）进行证伪，表示"出口转内销"无疑；同时表示：该资讯与12月8日特斯拉审 厂名单似乎形成闭环；12月8日午前，一份 不知出处的已通过审厂并拿到订单名单流传行业圈，同样也是7家 （LS、SH、TP ...

Core Viewpoint - Tesla's Optimus Gen3 production audit has concluded, with seven domestic companies becoming Tier 1 suppliers for Tesla's robotics supply chain, indicating a significant development in the robotics sector [2][4]. Group 1: Tesla's Supply Chain Developments - Tesla has reportedly ordered linear actuators from Chinese supplier Sanhua Intelligent Control, valued at $685 million (approximately 5 billion yuan) [4]. - The information about the seven companies being approved as suppliers aligns with a previous factory audit list circulated on December 8, which also mentioned the same companies [4]. - There is skepticism regarding the authenticity of the supplier list, as the audit process was completed in a very short timeframe, raising questions about the validity of the claims [4]. Group 2: Production Timeline and Expectations - As of late December, some Tier 1 suppliers are heading to North America to discuss production matters and finalize agreements, with expectations for specific production timelines to be confirmed by the end of December or early January [5]. - The recognized key components for production include lead screws, reducers, and dexterous hands/body modules, with expectations for finalization in January [5]. - The production capacity is set to ramp up significantly, with suppliers preparing for a weekly output of 3,000 to 5,000 units by Q3 2026 [5]. Group 3: Market Trends and Investment Opportunities - The robotics sector is experiencing a bullish trend, with the anticipation of Optimus production leading to increased interest in core Tier 1 suppliers [6][11]. - The focus is shifting from a broad range of suppliers to a more concentrated group of high-certainty companies, indicating a maturation of the market [6]. - New technologies and processes are emerging, with companies involved in GaN technology, ceramic balls, and integrated sensors seeing positive market movements [10]. Group 4: Key Suppliers and Market Activity - Recent communications from suppliers such as WX and KS indicate they have received supplier codes and are in the order inquiry phase, with significant ASPs reported [9]. - Companies that have secured orders or are in the final stages of approval are expected to be the focus of market attention, with several experiencing rapid stock price increases [8][9]. - The ongoing developments in the robotics supply chain are expected to yield more positive news and investment opportunities as the market evolves [10].

Core Viewpoint - The article discusses the recent surge in the T-chain market, driven by the anticipated mass production of Tesla's Optimus robot, indicating a shift towards a more focused selection of key T-chain companies as the market evolves towards 2026 [1][11]. Summary by Sections T-chain Market Dynamics - The T-chain market has transitioned from an "expansion" phase to a "contraction" phase, with a focus on fewer, more reliable companies as mass production approaches [2][3]. - Initially, over 70 T-chain companies were identified, which increased to over 80 by October, but the number is expected to decrease significantly as the market narrows down [2]. Key Developments and Predictions - The T-chain market's performance is closely linked to the progress of Tesla's projects, with significant rebounds noted in mid-November and December due to positive developments in core companies [3]. - Recent communications and agreements with North American partners have led to a surge in orders and confirmations for T-chain companies, indicating strong market interest [3][5]. Emerging Technologies and Opportunities - The article highlights the importance of new technologies such as GaN (Gallium Nitride) and other innovations that are gaining traction in December, with several companies experiencing notable stock performance [9][10]. - The focus on new materials and technologies, including ceramics and integrated sensors, is expected to drive further interest and investment in the T-chain sector [10]. Market Sentiment and Future Outlook - The T-chain sector is currently experiencing a major upward trend, with expectations for continued growth leading into 2026 as more positive developments are anticipated [11]. - The article emphasizes the need for ongoing monitoring of key T-chain companies and their developments, as the market is expected to evolve rapidly with new opportunities emerging [10][12].

Core Insights - Tesla is accelerating the mass production of the Optimus robot, leading to positive news for the supply chain companies, with T-chain stocks performing better than expected [2][5] - The key catalyst for T-chain stocks in December was Tesla's factory audit and subsequent contract awards, which triggered a significant upward trend in stock prices [2][4] - The rebound in T-chain stocks began on November 21, driven by the realization of previously anticipated benefits and the absence of major negative catalysts [3][4] Summary by Sections - **Production and Supply Chain Developments** - Tesla's factory audit in December was less impactful than anticipated, with only XJ benefiting significantly from a successful audit, leading to a positive market reaction for related stocks [3][4] - Several T-chain suppliers received initial design documents in early November, which contributed to the positive sentiment in the market [2] - **Market Trends and Stock Performance** - The T-chain stocks experienced a rebound starting from November 21, with significant price increases observed, particularly for stocks linked to confirmed production guidance and contracts [3][4] - Despite a brief downturn in mid-December, the market saw renewed optimism due to favorable news regarding production progress and contract confirmations [4][5] - **Future Outlook and Investment Opportunities** - The T-chain companies are expected to continue receiving positive catalysts as they engage in discussions regarding production in North America, with many companies already reporting orders and contract confirmations [5][6] - The introduction of new technologies and processes, such as GaN technology and integrated sensors, is anticipated to further enhance the performance of T-chain stocks [6][7]

Core Viewpoint - The article highlights the positive momentum in the T-chain sector, driven by favorable news regarding Tesla's Optimus project and subsequent supplier engagements in North America, leading to significant stock price increases and a bullish market outlook for 2026 [2][4][9]. Summary by Sections Market Performance - In the last week of December, T-chain stocks outperformed expectations, with many core and new stocks experiencing substantial price increases, indicating a potential market reversal [2][4]. - The article notes that the T-chain sector has seen a significant rebound, with many stocks hitting their daily price limits, validating previous predictions about the market's trajectory [4][6]. Key Drivers - The optimism surrounding the T-chain is attributed to several factors, including the nearing finalization of the Optimus project, clearer guidance on mass production, and the simultaneous "shrinking" and "expanding" of core targets within the sector [3][4]. - Recent communications and orders from North American suppliers have further catalyzed the market, with many companies reporting positive developments and securing supplier codes and orders [7][8]. Investment Opportunities - The article emphasizes the importance of focusing on core, high-certainty stocks that have recently received positive news, as these are expected to attract more capital and drive further price increases [6][8]. - Specific companies mentioned, such as WX and KS, have reported exceeding expectations in their North American engagements, indicating strong demand and potential for future growth [7][8]. Future Outlook - The T-chain sector is anticipated to continue its upward trend, with significant developments expected in early 2024, including the finalization of production processes and increased supplier capacity [8][9]. - The article suggests that the current market dynamics are setting the stage for a robust performance in the T-chain sector leading into 2026, with ongoing updates and insights available through the associated knowledge platform [10].

Core Insights - Tesla's supply chain is experiencing significant developments with T-chain companies showing unexpected upward trends in their stock prices, driven by positive news regarding orders and production advancements [2][4] - The T-chain companies are simultaneously "shrinking" and "expanding," indicating a focus on core, high-certainty companies while also exploring new technologies and production methods [2][8] - Recent reports from various brokerage firms validate the positive outlook for T-chain companies, highlighting key agreements and production milestones that suggest a strong trajectory for the sector [3][4] T-Chain Developments - T-chain companies have seen substantial stock price increases, with many reaching daily limits due to favorable news about production and orders [4][7] - The transition from speculative trading to a focus on core companies is evident, as the market narrows down to fewer, more reliable T-chain entities [4][8] - Key companies have reported significant progress in their production capabilities and have begun to secure orders, indicating a shift towards more concrete business operations [11] Market Trends - The T-chain sector is currently in a phase of volatility and upward movement, with expectations for a potential market reversal in the final days of the year [9] - The introduction of new technologies, such as GaN processes and integrated sensors, is contributing to the expansion of the T-chain, with companies experiencing positive market reactions [8] - Continuous updates and insights on the T-chain and related companies are being provided through dedicated platforms, emphasizing the importance of staying informed on market dynamics [10]

Core Insights - The secondary market for embodied intelligent robots is currently more active than the primary market, particularly with Tesla's Optimus as a key focus [1][2] - The primary market is experiencing a mix of enthusiasm and challenges, with many startups entering with capital but facing technological bottlenecks [3][4] Primary Market Summary - Capital enthusiasm remains high, with various "non-consensus" views and a window of opportunity still open for new startups [3] - Major companies are shifting focus from technology development to commercialization, with large orders becoming more common [3] - There is a lack of proven value-based commercial scenarios, although wheeled robots are progressing faster [3] - Leading companies are increasingly pursuing IPOs, indicating a crowded and potentially inflated market [4] Secondary Market Summary - On December 24, 2023, UBTECH announced a significant acquisition of 93.96 million shares of Fenglong Co., amounting to 1.665 billion yuan, gaining control of the company [6] - The acquisition strategy is seen as a new approach for humanoid robot companies, with other companies like Qiteng Robotics also making notable acquisitions [6] - The humanoid robot sector is perceived to have a significant "bubble," as many companies rush to go public or acquire existing firms [6] Tesla Optimus and Industry Chain Summary - Recent articles have detailed the performance of Tesla's Optimus supply chain companies, highlighting new orders and developments [7][8] - Elon Musk's recent updates suggest that the progress of Optimus V3 is exceeding expectations, with more positive developments anticipated [9] - The market for Tesla's supply chain companies is expected to continue to perform well, with a focus on core, high-certainty targets [10] Technological Developments - New technologies such as GaN (gallium nitride) processes and integrated sensors in gloves/clothing are gaining attention and showing promising market performance [11] - Tesla is accelerating the mass production of Optimus, with more positive developments expected in the near future [11]