Perspective! In the most penetrated US geographies, human-driven ridehail accounts for ~3% of vehicle miles traveled. In an autonomous world, we believe $TSLA will dominate personal transportation, transforming a low margin EV play into a high margin, recurring revenue SaaS play.Daniel Maguire (@DMaguireARK):People often compare robotaxi to human-driven ridehail, but the opportunity is much bigger.In US core counties, ridehail is only ~3% of VMT on average. Even in SF it’s only ~13%.Think bigger. Robotaxis ...

Core Insights - Lyft is partnering with Baidu to introduce robotaxis in Europe, starting with the UK and Germany in 2026, pending regulatory approvals [1][2] - The partnership aims to leverage Baidu's autonomous driving technology and Lyft's operational expertise to enhance mobility solutions for European users [2] - Baidu's Apollo Go service, launched in 2020, currently operates in 11 Chinese cities and plans to expand to Dubai and Abu Dhabi by 2026 [2] Company Developments - Lyft announced the acquisition of Freenow, a ride-hailing service in nine European countries, to strengthen its presence in the European market [7] - The collaboration with Baidu is part of Lyft's strategy to integrate advanced technology into its services, focusing on safety, reliability, and privacy for users [2] Industry Context - The robotaxi market is becoming increasingly competitive, with major players like Tesla and Waymo also vying for dominance in the US [8] - Analysts have expressed skepticism about the profitability timeline for driverless taxis, suggesting that the market may be overestimated [8]

2025 年 8 月 5 日 晨会速递 分析师点评 市场数据 总量研究 【债券】恢复征税后，新券和老券如何定价？——2025 年 8 月 4 日利率债观察 简单讲，恢复征税的直接影响是抬高新券的收益率，也会小幅压低老券的收益率。另 外，投资者对老券的定价在很大程度上受其对新券收益率预期的影响。 7 月，TOP100 房企全口径销售金额、权益销售金额、全口径销售面积分别为 2,265 亿元、1,641 亿元、1,322 万平，同比为-25.2%、-26.6%、-23.8%，1-7 月累计值分 别为 2.01 万亿元、1.47 万亿元、9,919 万平，同比为-13.2%、-13.5%、-22.4%。投 资建议聚焦结构性机会，推荐招商蛇口、中国金茂、招商积余、华润万象生活等。 【金工】各板块基金轮动表现，医药主题基金净值涨幅重新占优——基金市场与 ESG 产品周报 20250804 本周国内权益市场指数集体回调，纯债型基金表现领先，新基市场热度下滑。行业主 题基金方面，近期各板块基金轮动表现，医药主题基金净值涨幅重新占优，周期主题 基金回撤较显著；被动指数基金方面，通信、创新药等主题产品净值表现占优。股票 ETF ...

人民财讯8月4日电，天准科技(688003)8月4日在互动平台表示，公司全资子公司天准星智布局了智能驾 驶域控制器，可服务于Robotaxi领域。 ...

Core Insights - Tesla's share price is entering a historically challenging period, with August through October showing weak returns of 46%, 40%, and 33% positive performance respectively over the past 15 years [1] - The seasonal slump is compounded by investor concerns following disappointing Q2 2025 earnings, with TSLA shares down 1.8% on the day and 20% year-to-date [2] - Tesla reported $22.5 billion in revenue for Q2 2025, a 12% year-over-year decline, with net income dropping 16% to $1.17 billion and vehicle deliveries down 14% to 384,122 units [3] Financial Performance - Revenue for Q2 2025 was $22.5 billion, reflecting a 12% decline year-over-year [3] - Net income decreased by 16% to $1.17 billion, indicating challenges with shrinking margins and weakening demand [3] - Earnings per share were $0.40, missing Wall Street's expectation of $0.43 [3] Market Sentiment - Wall Street analysts have mixed views on TSLA, with an average 12-month price target of $310.84, only 2.7% above current levels [4] - Projections vary significantly, with the most bullish target at $500 and the most bearish at $19.05 [4] - Investors may need to prepare for a potential decline towards the psychological $200 level, as seasonal strength alone may not suffice for recovery [7] Competitive Landscape - Tesla faces rising competition in the Chinese EV market, which poses additional challenges [7] - The company must also accelerate the rollout of its robotaxi services in major U.S. cities to reassure investors [7]

RT Daniel Maguire (@DMaguireARK)People often compare robotaxi to human-driven ridehail, but the opportunity is much bigger.In US core counties, ridehail is only ~3% of VMT on average. Even in SF it’s only ~13%.Think bigger. Robotaxis will be everywhere. ...

Core Insights - Tesla has launched its ride-hailing service in the San Francisco Bay Area, but it is not being referred to as a robotaxi [1][2] - The service is invite-only and will initially operate with safety drivers behind the wheel, utilizing Tesla's Full Self-Driving technology [2][3] - Tesla has not yet applied for permits to test fully driverless taxis in California, although it holds a transportation charter permit for non-autonomous vehicles [8] Group 1 - Tesla's ride-hailing service is now available in the Bay Area and Austin, as confirmed by CEO Elon Musk [1] - The service's operating area includes the Bay Area, Fremont, and central San Jose, with invitations being sent out [1] - The company is charging for rides, and safety drivers are confirmed to be present during the initial phase of the service [3] Group 2 - California has strict regulations for autonomous taxi services, which differ from the less stringent rules in Texas [3] - Musk has ambitious goals for the robotaxi service, aiming for availability to about half of the US population by the end of the year [9] - Tesla has not yet sought the necessary permits for fully driverless taxis in California, according to the California DMV [8]

Waymo vs Robotaxi geofence https://t.co/GVYg7czkiPTesla Owners Silicon Valley (@teslaownersSV):BREAKING: Robotaxi rides are in the Bay Area. https://t.co/4kwdfjqDHf ...

BREAKING: Tesla Expansion for Bay Area covers 400 square miles or 75 miles in total.Lfg. https://t.co/Aw3BJtuyTbGrok (@grok):@teslaownersSV @JoshWest247 @JoeTegtmeyer @Tesla @robotaxi Tesla's Austin Robotaxi geofence currently spans about 42 square miles, centered around the city core. The Bay Area expansion covers roughly 400 square miles, stretching 75 miles from north of the Golden Gate to south of San Jose—making it nearly 10 times larger and far more ...

2025 年 07 月 31 日 晨会纪要 研究所： 证券分析师： 余春生 S0350513090001 yucs@ghzq.com.cn [Table_Title] 晨会纪要 ——2025 年第 130 期 观点精粹: 最新报告摘要 AI 驱动高端 PCB 扩产，关注核心设备及部件--行业动态研究 短期基本面承压，关注未来 Robotaxi 进展--特斯拉/海外(TSLA/2180) 点评报告（港股美股） 证券研究报告 1、最新报告摘要 1.1、AI 驱动高端 PCB 扩产，关注核心设备及部件--行业动态研究 风险提示：AI 应用发展不及预期；PCB 扩产及资本开支不及预期；PCB 相关设备及部件竞争加剧风险；关注 标的产品研发及客户验证进度不及预期；重点关注公司业绩不达预期风险。 分析师：杜先康 S0350523080003 投资要点: 一方面，受益全球 AI 浪潮，PCB 产业迎来较大发展机遇，促使相关企业扩产，对应资本开支大幅增长。另一 方面，受 AI 服务器、5G 通信及新能源汽车需求驱动，HDI、IC 载板及高频高速板等高端产品加速渗透。综上， PCB 生产环节核心设备及关键部件未来需求增长可期。 ...