Tesla(US:TSLA) First Shanghai Securities·2026-01-15 09:52Investment Rating - The report does not explicitly state an investment rating for the automotive industry or Tesla [3]. Core Insights - Tesla has expanded its Cybercab fleet in Austin and the Bay Area, with a total of 139 vehicles currently in operation, primarily Model Y, and the Cybercab being the latest addition [2]. - The Full Self-Driving (FSD) feature is being enhanced with new job postings in Thailand for data collection, indicating regulatory progress [4]. - Tesla's Shanghai Gigafactory has achieved a significant milestone by producing its 5 millionth drive unit, showcasing its production capacity [6]. - Tesla plans to double its Supercharger network in Hawaii, adding 56 new charging stations to improve infrastructure [7]. - The company has launched new versions of the Model Y in Europe and the U.S., including a long-range rear-wheel drive version and a seven-seat Premium upgrade option [10]. Summary by Sections Cybercab Expansion - Tesla has increased its Cybercab fleet in Austin and the Bay Area, with 7 Cybercabs currently operational and a total of 139 vehicles in the fleet [2]. Full Self-Driving (FSD) Development - New job openings in Thailand for vehicle operators are aimed at improving FSD capabilities, with the feature already launched in seven regions [4]. - Elon Musk stated that achieving fully autonomous driving requires 10 billion miles of training data, with Tesla currently having 7.2 billion miles [5]. Production Milestones - The Shanghai Gigafactory has produced its 5 millionth drive unit, highlighting its significant role in Tesla's overall production capacity [6]. Infrastructure Expansion - Tesla is planning to expand its Supercharger network in Hawaii, potentially doubling the number of charging stations to enhance travel convenience [7]. Vehicle Launches - Tesla has introduced a long-range rear-wheel drive version of the Model Y in Europe, which offers a WLTP range of 657 kilometers [10]. - A seven-seat Premium upgrade for the Model Y has been launched in the U.S. to meet consumer demand for more spacious SUV options [10]. Sales Data - In December, Tesla delivered 97,171 vehicles in China, marking a 12% month-over-month increase and a 4% year-over-year increase, with Model Y sales leading [11].