December 1, 2025 12:45 AM GMT Humanoids Humanoid Horizons: Overhyped yet Underappreciated Investor interest remains strong, and the industry is accelerating rapidly. Most players have aggressive targets for 2026, but near- term hurdles cannot be ignored. The industry will need to wait for verification of commercialization before realizing its significant long-term potential. We provide our latest thoughts as developments in humanoids & embodied AI continue to evolve rapidly. | M | | Global Idea | | --- | -- ...

一、报告核心观点 二、技术架构迭代分析 2. 中国玩家技术路径对比 技术路径：从无图方案转向端到端+VLA（视觉语言行动模型），强调用户体验（如语音控车、系统推理过程可视化）。 2024年9月推送VLA模型，训练分三阶段：基座预训练、动作微调（模仿学习）、强化学习优化。 2、元戎启行（第三方供应商）： 聚焦VLA路线，核心优势在于"思维链推理能力"，解决传统端到端黑盒问题，集成知识库提升泛化能力。 4、地平线机器人 & 莫门塔： 务实路线，侧重"端到端+强化学习"，兼顾客户算力配置多样性（如地平线硬件交付超千万片）。 莫门塔覆盖160多款车型，合作方包括合资、国企及民营企业。 三、商业模式变革：无人车（Robotaxi）业务提速 趋势：2026年基于量产车的Robotaxi业务将成为重点，渐进式路线（特斯拉、小鹏）优于跨越式路线（Waymo、文远知行）。 四、未来趋势与行业方向 1. 技术主旋律： AI智驾进入2.0阶段：以2024年"端到端范式"确立为1.0标志，当前行业基于模型能力提升和多样化数据训练，正迈向能自主应对极端场景的"智能涌现"阶 段。 2026年成为关键节点：技术架构、硬件迭代和无人车（Ro ...

Time to enable Santa Mode in your Tesla ...

机械设备 2025 年 12 月 01 日 相关研究报告 《人形机器人：情绪向左，产业向右 —行业点评报告》-2025.11.20 《人形机器人的 2026："1-10"时刻开 启》-2025.11.5 投资评级：看好（维持） 行业走势图 《特斯拉首次公开明确 Optimus 量产 时间点，2026 年 Q1 前 V3 有望亮相— 行业点评报告》-2025.10.28 人形机器人：量产临界点已至，入场布局正当时 ——行业点评报告 孟鹏飞（分析师） 黄雄（分析师） mengpengfei@kysec.cn 证书编号：S0790522060001 数据来源：聚源 -24% -12% 0% 12% 24% 36% 2024-12 2025-04 2025-08 机械设备 沪深300 huangxiong@kysec.cn 证书编号：S0790525070005 人形机器人板块持续反弹，布局窗口开启 近期人形机器人板块指数及龙头个股呈现显著反弹态势，资金回流明显，板块整 体步入上行通道。上周（11 月 24 日-28 日，全文同）大盘整体上行，沪深 300 与科创 50 指数分别上涨 1.64%、3.21%；人形机器 ...

RT Tesla Owners Silicon Valley (@teslaownersSV).@elonmusk"I think there's good things in all religions that are good principles, that you can sort of read any religious text and say, Okay, this is a good principle. This is going to lead to a better society. In Christianity, have empathy for fellow human beings, is a good one, I think, for good society, just consider the feelings of others and treat other people as you would like to be treated” ...

RT Tesla Owners Silicon Valley (@teslaownersSV).@elonmusk"One way to frame civilizational progress is the percentage completion on the Kardashev scale.Kardashev I is what percentage of a planet's energy are you successfully turning into useful work. Concept II would be, what percentage of the sun's energy are you converting it to useful work? III would be, what percentage of the galaxy are you converting it to useful work?" ...

RT Tesla Owners Silicon Valley (@teslaownersSV)Elon Musk"I've generally found that when I get involved in politics, it ends up badly!""So then I'm like, you know…'probably shouldn't do that. I should do less of that' is my conclusion…Politics is a blood sport. You enter politics, they go for the jugular… Best to avoid politics where possible!" ...

RT Tesla Owners Silicon Valley (@teslaownersSV)BREAKING: Grok 4,1 Fast just hit #1 on OpenRouter by a comical margin:• 2 million token context• $3/$15 per million (cheaper than GPT-4o, way cheaper than Claude 3.5/Opus)• Actually uncensored• Faster than everything except the mini models• Parallel tool calling + structured output + vision, all in one• Currently crushing every reasoning, coding, and math benchmark that matters ...

RT Tesla Owners Silicon Valley (@teslaownersSV)Grok is now active on your For You and Following timelines.It can analyze posts, reply directly, and provide real-time summarize threads or profiles you’re viewing.Powered by Grok 4.1 (currently the strongest model available), with major upgrades and new capabilities scheduled throughout the coming months. ...

I would love to see the Model Y X L in 🇺🇸 https://t.co/I0SKKBJWuu ...