特斯拉Optimus又一则利空资讯，来了！

Core Viewpoint - The article discusses the delays in the release of Tesla's Optimus Gen3 robot, primarily due to engineering challenges related to its dexterous hand, which is expected to impact the overall timeline and production costs significantly [2][3][5]. Financial Report Insights - Tesla's Q3 financial report indicated an increase in revenue without a corresponding increase in profit, leading to a drop in stock price by up to 5% post-announcement [9]. - The anticipated unveiling of the Optimus Gen3 prototype has been pushed to Q1 2026, with the first production line currently under construction [4][5]. - The production capacity goal of 1 million units per year has been misreported; the actual aim is to build a production line capable of this output, with production expected to start by the end of next year [5]. Engineering Challenges - The dexterous hand of the Optimus robot presents significant engineering difficulties, with Elon Musk stating that the forearm and hand are more complex to manufacture than the rest of the robot [5][6]. - The lifespan of the dexterous hand is projected to be less than two months due to wear and tear, with replacement costs nearing $100,000 annually for each robot [2]. Market Reactions - Following the Q3 earnings call, Tesla's stock initially fell but later recovered slightly, indicating mixed market sentiment regarding the company's future plans [9]. - The robotics sector saw a positive response in the domestic market, with significant gains in stocks related to the T-chain supply chain following the earnings report [9][10]. Supply Chain and Industry Dynamics - The article highlights the importance of the T-chain supply chain, which includes key suppliers for Tesla's Optimus project, and notes that these companies are currently the focus of investor interest [10][11]. - A detailed list of nearly 70 companies involved in the Optimus supply chain has been compiled, showcasing the extensive network supporting Tesla's robotics initiative [11]. Upcoming Catalysts - Several key events are anticipated in Q4, including factory audits, the final draft of the Optimus Gen3, and the upcoming shareholder meeting, which could influence market dynamics [12][15].