汽车行业点评：特斯拉的FSD时刻——V13+AI4

Investment Rating - The industry investment rating is "Positive" [1] Core Insights - The release of Tesla's FSD V13.2 marks a significant breakthrough in autonomous driving technology, featuring major enhancements in functionality, performance, and technology compared to the previous V12 version [1] - The new FSD version allows vehicles to initiate driving directly from a parked state, enhancing user experience with features like three-point turns, pure visual reverse, and automated parking [1] - The upgraded FSD system is built on HW4.0 hardware, incorporating a high-resolution ISP image processor that improves perception and decision-making capabilities in complex scenarios [1] - Tesla's Robotaxi commercialization plan is gaining momentum, with the new FSD version supporting dynamic navigation communication for efficient operation of autonomous taxis, aiming for a launch in select U.S. cities by 2025 [1] Summary by Sections FSD Capability Enhancement - The FSD V13.2 version represents a complete code rewrite and is considered the most important upgrade in four years, allowing seamless transitions from parking to driving [1] - The system's new features significantly improve user experience and demonstrate advancements in both algorithms and hardware [1] Technological Innovation and Computational Power - The new FSD version enhances intelligence levels and introduces a new speed configuration mode suitable for both urban and highway driving [1] - The "Cortex" supercomputer in Texas, equipped with 50,000 NVIDIA H100 computing clusters, boosts AI training speed by five times, accelerating technological iterations [1] Robotaxi Commercialization Acceleration - The FSD V13.2 release supports the dynamic navigation communication necessary for the efficient operation of Robotaxi services [1] - Tesla's CEO Elon Musk has indicated plans to launch fully autonomous Robotaxi services in the U.S. by 2025, supported by expected regulatory relaxations [1]