特斯拉：周报

Investment Rating - The report does not explicitly state an investment rating for Tesla (TSLA) [1]. Core Insights - Tesla has begun a wide release of FSD Supervised v12.5.1.1 for HW 4.0 Model Y owners, with plans to extend it to HW 3.0 owners within 10 days [1]. - Tesla achieved a milestone by producing its 10 millionth motor, primarily for Model 3 and Model Y, indicating strong production capabilities [1]. - Tesla has registered an insurance brokerage in Beijing, China, with a capital of 50 million RMB (approximately 6.9 million USD), potentially expanding its insurance business internationally [1][2]. - Tesla updated its Dojo investment plan in New York, committing to a 500 million USD investment and extending its operational commitment until 2034 [3]. - In the week of July 22 to July 28, 2024, Tesla's domestic insurance volume was approximately 13,500 vehicles, showing a quarter-over-quarter decline of about 9% but a year-over-year increase of 27% [4]. Summary by Sections Company Developments - Tesla's FSD v12.5.1.1 is being rolled out to HW 4.0 Model Y owners, with future plans for HW 3.0 [1]. - The production of the 10 millionth motor highlights Tesla's manufacturing strength, with most motors used in Model 3 and Model Y [1]. - The establishment of an insurance brokerage in China indicates Tesla's strategy to reduce insurance costs and expand its services [1][2]. Financial Commitments - Tesla's commitment to invest 500 million USD in the Dojo supercomputer project in New York, with a significant portion to be invested by the end of next year [3]. Market Performance - The domestic insurance volume for Tesla in China shows a decline from the previous quarter but an increase compared to the same period last year, indicating fluctuating market dynamics [4].