计算机行业重大事项点评：特斯拉Robotaxi试运营，商业化进程加速

Investment Rating - The industry investment rating is "Recommended," indicating an expected increase in the industry index by more than 5% over the next 3-6 months compared to the benchmark index [16]. Core Insights - Tesla's Robotaxi pilot service has officially launched in Austin, Texas, with 10 to 20 modified Model Y vehicles equipped with the latest FSD V12 system and HW4.0 hardware, operating in a limited testing area [6]. - The commercial progress of Tesla's Robotaxi is steadily advancing, marking a significant milestone in the commercialization of autonomous driving, with plans to expand services to other U.S. cities by the end of 2025 [6]. - The Robotaxi fleet is expected to achieve high utilization rates, with potential gross margins of 70%-80%, significantly exceeding traditional automotive business margins [6]. - Regulatory frameworks are gradually improving, supporting the development of the Robotaxi industry, with various initiatives announced in both China and the U.S. to facilitate the deployment of autonomous vehicles [6]. - The competition in the Robotaxi sector is intensifying, with multiple global automotive and tech companies accelerating their investments and innovations in this space [6]. - Investment recommendations include companies such as WeRide, Pony.ai, Horizon Robotics, and others, as the maturation of technology and market expansion positions Robotaxi as a mainstream transportation option [6]. Industry Data - The computer industry comprises 338 listed companies with a total market capitalization of approximately 42,806.63 billion and a circulating market value of about 36,919.05 billion [3]. - The absolute performance of the industry over the past 12 months is 38.9%, while the relative performance is 28.6% [4].