Tesla(US:TSLA) Robot猎场备忘录·2025-09-04 00:51Core Viewpoint - The article discusses the volatile performance of the robotics sector in September, emphasizing the importance of the T-chain in the humanoid robot supply chain, while noting that other chains like H-chain and Yushun chain have less impact on the secondary market [2][5]. Summary by Sections Market Performance - The robotics sector experienced significant fluctuations, with a notable drop in stock prices despite positive news from various companies [5][6]. - On September 2, the robotics sector saw a sharp rebound, particularly among T-chain companies, which had previously been highlighted for their potential [5][6]. Key Companies and Developments - Tesla's Optimus Gen3 has revealed many hardware details, leading to the emergence of potential and new suppliers, which positively impacted related stocks [2][4]. - Tier 1 suppliers to Tesla, such as TPJT and ZJRT, disclosed optimistic order forecasts for 2026, indicating strong collaboration with Tesla on the Optimus project [4][5]. - ZJRT has reportedly secured an order for approximately 70,000 micro screws, with plans to supply over 50,000 units next year [2]. Financial Reports and Market Reactions - Many companies in the humanoid robot supply chain released their semi-annual reports in August, showcasing advancements in product commercialization and new developments [2][5]. - Despite the positive news, the market reacted negatively initially, with significant declines in stock prices for companies that had announced good news [5][6]. Future Outlook - The article suggests that the T-chain will continue to be a focal point, with expectations of more potential T-chain companies emerging in the near future [5][6]. - Yushun Technology plans to submit its IPO application between October and December 2025, with a revenue structure indicating a focus on quadruped and humanoid robots [14][15]. - The article expresses skepticism about the sustainability of Yushun's revenue, highlighting limitations in the commercial application of humanoid robots [15]. Industry Trends - The article notes a shift in market focus towards reduction gear, motors, and screws, which are expected to enter a new upward cycle, while lightweight concepts may see a slowdown [6][7]. - The recent surge in stock prices is attributed to a "super bull" investor's involvement, indicating potential market manipulation or speculative trading [7]. Strategic Insights - Tesla's recent Master Plan Part IV emphasizes the strategic importance of AI and humanoid robots, which may have contributed to the market's positive reaction [8][13]. - The article suggests that the optimism surrounding the robotics sector is largely driven by Tesla's advancements and the potential for increased production capacity in the coming years [8][13].