汽车：特斯拉成首批数据合规企业，有望迎价值重估

Investment Rating - Investment recommendation: Outperform the market (maintained) [3] Core Viewpoints - Tesla has been confirmed as one of the first companies to comply with automotive data security requirements, which is expected to facilitate the entry of Tesla's Full Self-Driving (FSD) technology into the domestic market [2][3] - The FSD is accelerating its iteration, with version V13.3 expected to be pushed out by the end of November 2024, potentially enhancing user experience and leading to a revaluation of Tesla's stock [2][3] - Tesla's production capacity is anticipated to continue expanding, with new production facilities and products expected to drive rapid growth in the second half of next year [2][3] Summary by Relevant Sections - Investment Suggestion: The report maintains an "Outperform the market" rating, indicating a positive outlook for Tesla and its supply chain partners [3] - Event: On November 8, 2024, the China Automotive Industry Association confirmed Tesla's compliance with data security standards, which is expected to support the rollout of FSD in China [3] - Production Capacity: The report highlights potential new factory developments, including a possible factory in northern Mexico, which could produce Tesla's lower-cost models, and the ongoing expansion of the Shanghai Gigafactory [3] - Growth Opportunities: With the continuous enhancement of production capacity and the introduction of new vehicles alongside the rapid iteration of FSD, Tesla is expected to enter a new growth phase by the end of 2025 [3]