中信建投：特斯拉robotaxi开始运营 新车、内需和出口仍为主线

Group 1 - The core viewpoint is that the L4 autonomous driving industry is experiencing significant catalysts, with Tesla launching its Robotaxi trial service based on FSD in the U.S. on June 22 [1] - The robotaxi segment, along with the new vehicle cycle, remains the main investment focus in the automotive sector, driven by new vehicles, domestic demand, and exports, which are seen as strong structural growth factors [1] - There has been a recovery in terminal orders recently, indicating potential for expectation repair or upward movement in the market, despite earlier seasonal promotional activities by manufacturers affecting sentiment [1]