Tesla(US:TSLA) 3 6 Ke·2025-06-30 23:59Core Viewpoint - The Robotaxi market is rapidly evolving, with Tesla recently launching its Robotaxi service, but it faces significant competition from established players like Baidu's Apollo and Waymo, which have stronger commercialization capabilities [1][3][5]. Group 1: Tesla's Robotaxi Launch - Tesla officially launched its Robotaxi service on June 22, starting with a limited trial of 10 Model Y vehicles in Austin, Texas, carrying paying passengers [1]. - The initial operation is not fully autonomous, as a safety driver is present in the passenger seat, which contrasts with public expectations [3]. - Despite some operational challenges and mixed reviews, the market remains optimistic about Tesla's Robotaxi prospects, reflected in an 8% stock price increase following the announcement [3]. Group 2: Competitive Landscape - The global Robotaxi market is led by Baidu's Apollo and Waymo, with Tesla lagging in terms of commercialization [3][5]. - New entrants like Cao Cao Mobility and Hello have also begun to establish their presence in the Robotaxi space, indicating a growing competitive landscape [5][21]. - Goldman Sachs projects the global Robotaxi market could reach $40 to $45.7 billion by 2030, with a compound annual growth rate (CAGR) exceeding 60% [5]. Group 3: Technological and Operational Insights - The three major players—Baidu's Apollo, Tesla, and Waymo—each follow different technological paths, with Baidu focusing on a large model for L4 autonomous driving, Tesla utilizing a vision-based FSD system, and Waymo employing a sensor fusion approach [8][10]. - Baidu's Apollo has achieved over 11 million rides by May 2025, while Waymo has reached 10 million rides, showcasing their advanced commercialization efforts compared to Tesla's nascent stage [13]. Group 4: Future Projections and Market Dynamics - The year 2025 is seen as a critical milestone for market competition, with companies accelerating their commercialization strategies [5][24]. - The Robotaxi sector is viewed as a testing ground for L4 autonomous driving technology, providing valuable data for further advancements [24]. - The Chinese Robotaxi market is expected to grow from approximately $5.4 million in 2025 to $12 billion by 2030, significantly outpacing the U.S. market growth [27].