Tesla(US:TSLA) Changjiang Securities·2025-06-26 15:16Investment Rating - The investment rating for the industry is "Positive" and is maintained [6]. Core Viewpoints - Tesla's Robotaxi service officially launched in Austin, Texas, on June 22, 2025, with an initial fleet of approximately 10 modified 2025 Model Y SUVs operating in designated areas. This launch is expected to accelerate the commercialization process of autonomous taxi services [2][4]. - The autonomous taxi industry is progressing with ongoing pilot projects, which are likely to enter a rapid development phase, benefiting the entire industry chain. Investors are advised to pay attention to Robotaxi operating platforms and related supply chain stocks [10]. Summary by Sections Event Description - Tesla's Robotaxi service commenced operations in Austin, Texas, with a fleet of around 10 vehicles, specifically modified 2025 Model Y SUVs, allowed to operate in certain areas [4]. Market Performance - The report highlights a significant growth in the autonomous taxi sector, with Waymo's service volume increasing fivefold since June 2024, providing over 250,000 rides weekly with a fleet exceeding 1,500 vehicles. In China, the service "萝卜快跑" has surpassed 11 million rides, with a 75% year-on-year growth in the first quarter of 2025 [10]. Future Market Potential - Robotaxi services are expected to gradually replace traditional taxis due to their efficiency, convenience, safety, and environmental benefits. By 2030, the domestic Robotaxi penetration rate is projected to reach 50%, with order volumes exceeding 17.19 billion and a market size potentially reaching 270 billion yuan [10].