Tesla(US:TSLA) First Shanghai Securities·2025-09-23 09:18Investment Rating - The report does not explicitly state an investment rating for the automotive industry or Tesla [2]. Core Insights - Tesla has received approval from the Arizona Department of Transportation to conduct Robotaxi tests, marking it as the fourth state to grant such permission [2]. - Israel is expected to become one of the first countries outside the U.S. to pilot Tesla's Robotaxi program, leveraging its advanced regulatory framework for autonomous vehicles [2]. - Tesla has launched Full Self-Driving (FSD) in Australia and New Zealand, available for Model 3 and Model Y vehicles equipped with HW4/AI4, with options for direct purchase or subscription [3]. - A new partnership between Tesla and Uber aims to establish a dedicated electric vehicle fleet accelerator program, focusing on the Tesla Semi to enhance sustainability in freight operations [5][6]. Summary by Sections Robotaxi Testing - Tesla has begun testing autonomous vehicles in Arizona, with a focus on vehicles equipped with Full Self-Driving capabilities under human supervision [2]. - The approval coincides with the discovery of Robotaxi test vehicles in Phoenix, indicating potential future operational areas [2]. FSD Launch - The FSD system has been made available to the public in Australia and New Zealand, with pricing options for direct purchase and subscription models [3]. Leadership Changes - Ashish Kumar, head of Optimus AI, has announced his departure from Tesla to join Meta, with the project now overseen by Ashok Elluswamy [4]. Electric Vehicle Partnerships - Uber plans to collaborate with Tesla to integrate the Tesla Semi into its freight solutions, aiming to provide reliable zero-emission transport [5][6]. - The partnership includes strategies to subsidize purchase prices and optimize utilization of the Tesla Semi [6]. Delivery Data - In the second week of September 2025, Tesla's domestic insurance registrations were approximately 15,400 vehicles, reflecting a 1% decrease both quarter-over-quarter and year-over-year [7].