Tesla(US:TSLA) NORTHEAST SECURITIES·2025-06-01 04:20Investment Rating - The report assigns an "Outperform" rating for the industry, indicating that the industry index is expected to exceed market benchmarks in the next six months [10]. Core Insights - The commercialization of Robotaxi services is anticipated to take a significant leap forward, with Tesla set to launch its Robotaxi service in Austin, Texas, marking a milestone in the company's plans surrounding autonomous vehicles and AI [1][2]. - In the domestic market, major players in the Robotaxi sector, such as Baidu and Pony.ai, are experiencing substantial growth, with Baidu's "萝卜快跑" service providing over 1.1 million rides globally by May 2025, and a 75% year-on-year increase in Q1 ride services [3]. - The report highlights the emergence of non-passenger applications such as Robovan, Robosweeper, and Robotruck, which are extensions of the Robotaxi concept and are easier to implement [4]. Summary by Sections Overseas Developments - Tesla and Waymo are making significant strides in the autonomous driving sector, with Waymo achieving a weekly order volume of 100,000 rides in San Francisco within three months of full operation [2]. Domestic Developments - Baidu's "萝卜快跑" service has seen a 75% increase in ride services in Q1, while Pony.ai's operations cover over 2,000 square kilometers in major cities [3]. - 文远 Robotaxi reported a revenue of 16.1 million RMB, with a significant increase in its revenue share [3]. Non-Passenger Applications - Robovan, Robosweeper, and Robotruck are highlighted as key non-passenger applications, with companies like 九识智能 and 新石器 making substantial progress in orders and deliveries [4]. Related Companies - Key companies mentioned include 开勒股份 for Robotaxi, 数字政通 and 德马科技 for Robovan, 福龙马 and 玉禾田 for Robosweeper, and 北方股份 for Robotruck [5].