智通财经网·2025-09-22 12:24Group 1 - The pricing of Tesla's robots aligns with Figure's valuation, indicating a potential increase in the valuation ceiling for global robot manufacturers [1][2] - Figure's recent C-round financing has raised its post-money valuation to $39 billion, with a projected price per robot of $20,000 based on a production target of 100,000 units [2] - Tesla's robot business is projected to reach a market cap of $500 billion, with a target delivery of 1 million units, suggesting a price per unit of $25,000 [2] Group 2 - Core component companies are expected to enjoy significant valuation premiums, with potential P/E ratios reaching 200 times in the early stages of the industry [3] - The hardware cost for robots is estimated at 70%, with joint modules priced at $300 each, leading to a projected P/S ratio of around 30 times for joint module companies [3] - The market for robots is anticipated to grow exponentially, allowing core component companies to rapidly increase their valuations during the initial to scaling phases [3] Group 3 - Companies with capabilities in continuous R&D, engineering feasibility, and global manufacturing are likely to integrate into the supply chains of leading robot companies like Tesla and Figure [4] - Key components such as dexterous hands and actuators are critical for the practical application of robots, emphasizing the importance of supply chain vertical integration [4] - The focus on supply chain integration, AI chip development, and dexterous hands is central to the product requirements of both Tesla and Figure [3][4]