独家丨特斯拉暂停人形机器人生产，修改设计

Core Viewpoint - Tesla's production target for the Optimus humanoid robot this year is largely unmet, with significant adjustments being made to its hardware and software technology [1][2][3]. Group 1: Production and Supply Chain Adjustments - Tesla has paused the procurement of parts for the Optimus robot, awaiting design adjustments that may take up to two months [2][3]. - As of the end of May, Tesla had procured enough parts to produce 1,200 units of Optimus and had nearly completed 1,000 units, falling short of the initial target of 5,000 units for the year [3]. - The departure of Milan Kovac, the original head of the Optimus project, initiated the current adjustments, with Ashok Elluswamy now leading the project [5]. Group 2: Technical Challenges - The Optimus robot faces several hardware issues, including overheating motors, low load capacity of dexterous hands, short lifespan of transmission devices, and limited battery life [6]. - Tesla is exploring multiple suppliers for dexterous hands and is testing at least three different technological approaches to improve the robot's capabilities [6]. Group 3: Future Production Plans - Elon Musk plans to produce 50,000 units of Optimus next year and aims for annual production to exceed 500,000 units by 2029, a significant reduction from the original target of 1 million units by 2027 [6]. - The development team for Optimus has grown to over 400 people, and the projected parts cost for this year exceeds $300 million, based on a unit cost of $60,000 [7]. Group 4: Market Reactions and Investor Sentiment - Tesla's stock fell by 5.34% recently, with several investment banks lowering their second-quarter delivery expectations due to weak demand in Europe and China [7]. - Concerns over potential policy backlash due to Musk's public disputes with political figures have also affected investor sentiment [7].