第一财经记者从特斯拉内部人士处获悉，美国弗里蒙特工厂的Model S/X生产线将改为人形机器人产 线，预计2026年底前启动量产，最终规划年产能为100万台。因为特斯拉人形机器人拥有完全独立的 供应链，所有部件均基于第一性原理设计，其量产爬坡期预计比汽车产品更长。 记者｜肖逸思 2月2日，特斯拉官方微博宣布，第三代特斯拉人形机器人即将亮相，预计年产百万台。 编辑 ｜ 钉钉 ...

Group 1 - The core viewpoint of the article highlights a surge in humanoid robot concept stocks, with notable gains in companies such as Mould Technology, which hit the daily limit, and others like Changfei Optical Fiber and Tianqi Co., which rose over 8% [1] - Tesla has announced that its third-generation humanoid robot will be unveiled soon, designed from first principles and capable of learning new skills by observing human behavior, with an expected annual production of one million units [1]

Core Insights - Tesla is discontinuing its Model S sedan and Model X SUV, signaling a shift in focus towards robotics and AI technology [2][4] - The company is experiencing increased competition, having lost its title as the world's best-selling EV maker to BYD, which sold 2.26 million EVs compared to Tesla's 1.64 million in the previous year [3] - Tesla plans to invest over $20 billion in 2023 to transition from a hardware-centric automaker to a diversified technology firm, leveraging its strong cash position of $44 billion [3] Company Strategy - CEO Elon Musk indicated that Tesla is moving towards a future centered on autonomy, with plans to produce humanoid robots at its Fremont factory [3] - Analysts suggest that Tesla is at a pivotal moment, committing fully to a new vision that leaves no option for retreat [4] - The company is strengthening ties with Musk's other ventures, including a $2 billion investment in xAI, which is developing AI technologies [4] Market Position - Tesla's sales performance is declining relative to competitors, as evidenced by its loss of the top EV sales position to BYD and Volkswagen's success in Europe [3] - The shift in focus from traditional EVs to AI and robotics may redefine Tesla's market identity and investor perception [2][4]

凤凰网科技讯2月2日，据特斯拉官微消息，第三代特斯拉人形机器人即将亮相，并没有沿用现有的任何 供应链体系，而是从第一性原理出发，进行重新设计，通过观察人类行为即可学习新技能，预计年产百 万台。 马斯克称，特斯拉人形机器人可以通过演示、口头描述、甚至展示一段视频，就能够执行任务，并表 示"它的表现将令所有人大吃一惊。" ...

据特斯拉官方微博消息，第三代特斯拉人形机器人即将亮相，从第一性原理出发，进行重新设计，通过观察人类行为即可学习新技能，预计 年产百万台。 ...

Investor Gary Black, who is the managing director of The Future Fund LLC, shared his insights on why a merger between Tesla Inc. (NASDAQ:TSLA) and SpaceX does not make sense for the EV giant's shareholders.Does Not Make Mathematical SenseIn a post on the social media platform X on Sunday, the investor shared that the decision to potentially merge the Elon Musk-led companies did not make "sense mathematically" for Tesla's shareholders unless there were "huge cost or revenue synergies" for the EV maker."The 3 ...

小朋友四点放学，一个个站在学校门口嗷嗷待接，六点下班的家长们此刻还在工位上唇枪舌战、奋笔疾书；寒假开启，想把孩子送补习班一举多得，又开 始焦虑怎么接送。 接？还是不接？ 一方面担心他们的安全，一方面又想要他们独立；一边被指责过度溺爱，一边被批判不负责任。 最后，家长们还是难逃这个史诗级诘问。 不止国内，另一个时区的家长，也有同样的烦恼。 一个周六的晚上，美国旧金山的Laura Mancuso就陷入了这样的两难。 一边是她15岁的女儿要去相隔几小时路程之外的朋友家，一边是一个必须要出席的活动在等着她，而她的老公又必须照顾更年幼的小儿子...... "我对她独自乘坐Waymo出行没有任何顾虑，而且在我的同龄人中，给青少年叫一辆Waymo出行已经被完全接受了。" "它真的已经成为我们文化的一部分了。" 全球实时网约车价格聚合平台Obi公司最新发布的调查数据显示，人们对自动驾驶汽车的接受度显著提高，63%的人表示对自动驾驶汽车感到舒适，而该 公司在2025年春季进行的研究中，这一比例仅为35%。 而且，近一半的受访者表示，自动驾驶汽车未来可能成为他们的主要出行方式。其中，对于使用Robotaxi接送孩子，有57%的男 ...

点击蓝字，关注我们 今日上午港股 1 . 芯片股早盘走低，截至发稿， 华虹半导体(01347)跌10.04%，兆易创新(03986)跌8.72%，上海复旦 (01385)跌5.46%，中芯国际(00981)跌4.77% 。 消息面上，周一，韩国首尔综指日内大跌4%，三星、 SK海力士下跌。据媒体报道，三星、SK 海力士与美光三大原厂已纷纷收紧订单审核，对客户进行更 严格的尽职调查——包括核实终端用户身份、确认实际需求数量，甚至质疑订单真实性，以应对因部 分客户超额下单或囤货而可能引发的后续市场波动。 2 . 复旦张江(01349)盘中跌超4.6% 。消息面上，复旦张江公布，集团预计截至2025年12月31日止年度 将取得未经审核的归属于母公司所有者的净亏损约为人民币1.2亿元至1.8亿元，2024年同期净利润为 人民币3973.39万元；未经审核的归属于母公司所有者的扣除非经常性损益的净亏损约为人民币1.4亿 元至2亿元，2024年扣除非经常性损益的净利润为人民币514.52万元。 3 . 长城汽车(02333)跌超4.9% 。消息面上，1月30日，长城汽车发布2025年年度业绩快报，于2025年1 月1日至 ...

（图片来源：摄图网） 1月29日，特斯拉发布2025年四季度及全年财报，核心财务指标承压的同时，还披露了人形机器人Optimus Gen3的关键量产节点，引发市场广泛关注。 在财报电话会议中，特斯拉正式披露了第三代Optimus人形机器人的计划。按照规划，弗里蒙特工厂专用产 线预计2026年底启动生产，长期目标为年产100万台。2026年计划实现5万至10万台产量，2027年正式面向公 众销售，企业端交付则预计于2026年下半年启动。 2025年，人形机器人赛道正式进入量产热潮。优必选WalkerS2斩获超13亿元订单，于2025年11月启动批量交 付，月产能达300台，全年交付目标超500台。宇树智能应急机器人产业园开工，月产能将达500套。12月8 日，智元灵犀X2等三大系列累计下线5000台，验证了通用具身机器人规模化量产可行性。这些企业的量产 成果，标志着人形机器人行业从研发阶段向商业化阶段迈出了重要一步。 从市场格局看，中国人形机器人产品覆盖工业制造、商业服务、科研展示等多场景，售价普遍在10-50万元 区间，较国际竞品具备显著的价格优势和场景适配性。2025年中国市场规模预计突破82亿元，行业正式 ...

Core Viewpoint - The article discusses the evolving landscape of the electric vehicle (EV) market, emphasizing the need for sustainable sales strategies beyond initial hype and the importance of establishing a strong value proposition for long-term success [6][54]. Group 1: Market Dynamics - The EV market has seen a surge in new models, but success is often measured by initial sales figures and year-end rankings, which can be misleading [6][7]. - Traditional "internet celebrity cars" tend to follow a parabolic sales curve, peaking shortly after launch and then declining, relying on short-term marketing and product appeal [11][12]. - The article identifies three new models that have successfully navigated the market, showcasing different strategies for sustained sales [12]. Group 2: Case Studies of Successful Models - **Xiaomi SU7**: Achieved peak sales of nearly 30,000 units in March 2025, supported by Xiaomi's extensive user base and effective marketing. However, it faces the challenge of maintaining interest beyond initial hype [15][16]. - **Xpeng MONA M03**: Launched in August 2024, it quickly reached over 10,000 units in sales within three months and maintained monthly sales between 10,000 and 16,000 units, capitalizing on a key price segment and offering advanced features [18][20]. - **AITO M8**: Experienced a "deep squat and jump" sales pattern, stabilizing at over 20,000 units monthly by summer 2025, benefiting from Huawei's technology integration and brand recognition [23][24]. Group 3: Challenges and Market Positioning - The article highlights the importance of establishing a "value anchor" in consumers' minds to ensure long-term sales, as seen with models like Li Auto L6, which despite a decline, remains a top seller due to its defined market position [28][29]. - Models in the competitive 200,000 to 300,000 yuan price range face significant challenges, with many struggling to differentiate themselves in a crowded market [31][32]. - The **智界 R7** and **享界 S9** illustrate the difficulties faced by models that fail to establish a unique market position, leading to declining sales despite technological backing [34]. Group 4: The Importance of Sustainable Sales - The article emphasizes the existence of "low-profile long runners" that, while not flashy, maintain steady sales through balanced product offerings and precise market positioning [36][38]. - Models like **零跑 C10** and **腾势 D9** demonstrate the effectiveness of a stable sales strategy, contributing significantly to their brands' overall performance [41][43]. - The need for a healthy product matrix is highlighted, as brands that rely solely on a single "hit" model face increased risks in a competitive environment [51]. Group 5: Emerging Market Rules - The article outlines new market rules where "smart equality" becomes a baseline requirement, and the importance of a comprehensive product matrix is emphasized for risk mitigation [51][52]. - The concept of "value for money" has evolved to include total ownership costs, making it a critical factor in consumer decision-making [51]. - The success of models like AITO is attributed to deep collaboration between technology providers and manufacturers, contrasting with less effective loose partnerships [52].