马斯克薪酬激励计划披露，特斯拉机器人及汽车产业链公司受益

Investment Rating - The industry investment rating is Neutral (maintained) [5] Core Insights - The report highlights that under the 10-year compensation plan, Tesla and Elon Musk are expected to accelerate development in humanoid robots, autonomous driving, and electric vehicles, benefiting related companies in the supply chain [3][7] - Tesla aims to deliver 1 million AI robots, with a significant portion of its future value projected to come from the Optimus robot, indicating a strategic shift towards AI and robotics [7] - The report anticipates that Tesla will push for increased penetration of Full Self-Driving (FSD) technology and Cybercab sales, which will enhance the development of the autonomous driving and Robotaxi industries [7] Summary by Sections Investment Recommendations and Targets - Related companies expected to benefit include: - Yinlun Holdings (002126, Buy) - Xinquan Co., Ltd. (603179, Buy) - Top Group (601689, Buy) - Rongtai Co., Ltd. (605133, Not Rated) - Sanhua Intelligent Control (002050, Buy) - Huayu Automotive (600741, Buy) - Aikedi (600933, Buy) - Xusheng Group (603305, Not Rated) - Shuanglin Co., Ltd. (300100, Not Rated) - Jinguan Technology (300258, Buy) [3] Industry Overview - The report discusses Tesla's ambitious goals, including the sale of 12 million electric vehicles and the introduction of new models to support supply chain companies [7] - The anticipated mass production of humanoid robots starting in 2026 is expected to provide significant growth opportunities for component suppliers entering the robot supply chain [7]