汽车行业事件快评：特斯拉2024年二季度财报-期待FSD入华，新车、机器人稳步推进

Investment Rating - The report maintains an "Overweight" rating for the automotive industry, consistent with the previous rating [1]. Core Insights - Tesla's progress on Full Self-Driving (FSD), new vehicles, and robots is steadily advancing, with the timeline adjustments not altering Tesla's long-term growth trajectory. The timeline for FSD's entry into China is becoming clearer, and the automotive intelligence sector continues to benefit [2][3]. - Tesla's Q2 2024 financial results show revenue of $25.5 billion, a 2% year-on-year increase, while automotive revenue was $19.9 billion, a 7% year-on-year decrease. Non-GAAP net profit was $1.81 billion, down 42%, and GAAP net profit was $1.48 billion, down 45%. Tesla delivered 444,000 vehicles in Q2 2024, a 5% decrease [3]. Summary by Sections Investment Recommendations - The report recommends core suppliers in Tesla's industry chain, including Desay SV, Coboda, and Xingyu Co., as beneficiaries of the automotive intelligence sector. For robotics commercialization, it suggests suppliers like Top Group and Shuanghuan Transmission, with additional beneficiaries including Sanhua Intelligent Control [3]. Key Events - Tesla plans to launch FSD in China, Europe, and other countries by the end of the year, with the Robotaxi release postponed to October 10. The new vehicle rollout is expected to utilize existing production lines, and the construction of the Mexico factory is on hold until after the U.S. elections [3]. Financial Performance - Tesla's Q2 2024 results indicate a revenue of $25.5 billion, with automotive revenue at $19.9 billion. The company reported a decrease in net profits and vehicle deliveries compared to the previous year [3].