Core Viewpoint - Waymo, a subsidiary of Google focused on fully autonomous driving, has begun collecting mapping and high-definition data in New York City with human safety drivers, aiming to obtain testing permits for autonomous taxis in the city [1][2] Group 1: Waymo's Progress and Strategy - Waymo is accelerating its efforts to expand into major U.S. cities, contrasting with Tesla's limited testing in Austin, Texas [2] - The company has been providing fully autonomous taxi services in cities like Phoenix, San Francisco, and Los Angeles since 2020, with over 150,000 paid rides weekly and a fleet that drives over 1 million miles each week [3] - Waymo's sixth-generation autonomous driving system, equipped with multiple radars, LIDAR, and cameras, offers high-precision perception in various weather conditions [3] Group 2: Comparison with Tesla - Tesla's Robotaxi service still requires a safety driver and has not yet received regulatory approval for fully autonomous operations without a driver [4] - Tesla has initiated small-scale testing of its Robotaxi service in Austin, using around 10 Model Y vehicles, with plans to expand its fleet [6] - Analysts, including Morgan Stanley, maintain a bullish outlook on Tesla, linking its future stock performance to the success of its Robotaxi network and FSD system [7]

Group 1 - Elon Musk's political ambitions are perceived to be detrimental to Tesla, as investors hope for a revival of the company's sales and transformation into an AI giant [1] - Apple's foldable iPhone has entered the Prototype 1 development stage, with expectations for market release in the second half of 2026, while the foldable iPad project has been shelved due to production challenges and low market acceptance [1] - Northeast Asia's jet fuel exports to Europe reached a near one-year high in June, driven by lower shipping costs and ample Asian supply, with approximately 350,000 tons (2.8 million barrels) shipped from South Korea and China [1] Group 2 - The establishment of "FSD PAC," a political action committee aimed at countering Musk's political ambitions, was announced by a Trump ally [2] - Beijing Mosska Supply Chain Management Co., Ltd. completed a Series A financing round of 30 million RMB to enhance its offline store layout in the premium coffee sector [2] - Beijing Zhongke Guangxi Science and Technology Research Institute's Shandong branch secured 10 million RMB in Series A financing to support its development in chemical research and testing [3][4] Group 3 - Shanghai Junfeng Network Technology Co., Ltd., a subsidiary of Hello, increased its registered capital from 6.1 billion RMB to approximately 6.6 billion RMB [5] - Dubai successfully completed the first test flight of an air taxi, with plans to launch commercial operations in 2026, significantly reducing travel time from Dubai International Airport to Palm Jumeirah [6] - Huason Pharmaceutical received approval for clinical trials of its CX001 sustained-release tablets, marking a milestone for the company's innovative drug development platform [6] Group 4 - Meituan upgraded its membership system to include health services, offering benefits such as free doctor consultations for premium members [7] - The world's first 500-megawatt impulse turbine unit was successfully developed, marking a significant breakthrough in high-head, large-capacity turbine technology in China [8] - The Chinese Ministry of Foreign Affairs emphasized the importance of the BRICS cooperation mechanism for promoting global governance and economic globalization [8]

Group 1 - New security regulations for carrying power banks were implemented at airports, but camera batteries remain unaffected [2] - Dongfeng Nissan's executive apologized for inappropriate comments regarding Xiaomi's YU7 vehicle orders [2] - Duoyi Network announced plans to cut over 1,000 jobs and relocate its headquarters due to a court ruling that it deemed unfair [3] Group 2 - The passing of writer and food critic Tsai Lan was announced, who died at the age of 83 [4] - Xiaomi clarified rumors about a former director, stating the individual had a brief employment period and was never in a director position [4] Group 3 - Pop Mart was included in TIME's list of the "100 Most Influential Companies" for the first time, marking a significant achievement for a Chinese toy company [5] Group 4 - Xibei issued an apology for unauthorized use of customer photos by a former employee and emphasized the importance of customer privacy [7] Group 5 - Haier established a robotics division and plans to explore collaboration opportunities with Yuzhu Technology [10] - Tesla announced the completion of its first fully autonomous highway driving, achieving a top speed of 72 mph [11] - ByteDance's Seed team is recruiting for leadership positions in robotics, indicating a strategic focus on this sector [11] Group 6 - Ideal Auto announced a new organizational structure and personnel changes, projecting Q2 deliveries of approximately 108,000 vehicles [15][16] - Lexus's new energy project in Shanghai is set to be completed by August 2026, with an annual production capacity of 100,000 vehicles [18] Group 7 - The revised Anti-Unfair Competition Law will take effect on October 15, 2025, aiming to enhance market competition regulations [35] - The National Bureau of Statistics reported that China's cultural and related industries are expected to generate over 19 trillion yuan in revenue in 2024, marking a 7.1% increase from the previous year [35]

Core Viewpoint - Tesla's Model Y has achieved its first fully autonomous delivery from the factory to the customer's home, marking a significant milestone in the company's self-driving technology [1] Group 1 - The Model Y's delivery showcases Tesla's advancements in autonomous driving capabilities [1] - This event highlights Tesla's commitment to innovation and enhancing customer experience through technology [1] - The successful cross-city delivery demonstrates the potential scalability of Tesla's autonomous delivery system [1]

Core Viewpoint - HSBC warns that Tesla's profitability will continue to be disappointing, facing three significant challenges in scaling its Robotaxi business [1][3] Group 1: Delivery and Financial Forecasts - HSBC maintains a "reduce" rating on Tesla with a target price of $120, indicating a 63% downside from the current stock price [1][4] - Based on actual sales data from April and May, HSBC predicts that Tesla's Q2 delivery volume will remain flat quarter-over-quarter, which is 15% lower than market expectations [2][3] - The firm expects operational revenue to be 8% lower than consensus due to weak delivery volumes, with free cash flow expected to be slightly positive [2][3] Group 2: Challenges Facing Robotaxi - Tesla's Robotaxi business must overcome three major challenges: proving the robustness of its pure camera solution compared to competitors' sensor combinations, changing consumer perceptions about vehicle ownership, and demonstrating profitability in the Robotaxi operation [3] - Early signs from the Austin pilot raise concerns about the reliability of Tesla's approach [3] Group 3: Valuation and Business Segments - HSBC uses a DCF valuation and peer multiples, each accounting for 50% of the valuation, maintaining a target price of $120 [4] - The DCF valuation covers six business segments, including automotive, energy storage, full self-driving, Dojo, Optimus, and services, yielding a fair value of $180 per share [5]

Group 1 - French consumer regulatory authority has issued a strict directive to Tesla, demanding an immediate halt to the promotion of its vehicles as "fully autonomous driving" [1][4] - The regulatory action stems from an investigation initiated in 2023, revealing that Tesla's "Full Self-Driving (FSD)" system misleads consumers into believing it allows for driverless operation, while it still requires driver supervision [4] - Tesla faces a potential fine of €50,000 (approximately ¥416,000) per day if it continues misleading marketing practices regarding its autonomous driving capabilities [1][4] Group 2 - The investigation also uncovered irregularities in Tesla's sales contracts, including lack of clarity on delivery dates and failure to provide refunds or receipts, violating consumer rights [4] - Tesla's sales in Europe have significantly declined, with a reported 67% year-on-year drop in sales in France as of May, marking the lowest new car registration levels since July 2022 [5]

Group 1 - The next-generation FSD chip AI5/HW5 from Tesla has entered mass production, with TSMC as the primary foundry [1] - The AI5/HW5 chip boasts a computing performance of 2,000 to 2,500 TOPS, which is five times that of the current HW4 chip at approximately 500 TOPS [1] - The AI5/HW5 chip will utilize a 3nm N3P process, with Samsung as a backup foundry, and is expected to be used in mass production vehicles by 2026 [1] Group 2 - Tesla plans to enhance the FSD hardware suite with upgraded lenses, including weather-resistant lenses from Samsung that can melt ice and snow in one minute [2] - A pilot program for Robotaxi was launched in Austin, with the first 12 Model Y vehicles equipped with HW4 hardware for testing autonomous driving [2]

Core Viewpoint - Elon Musk is urging the EU to expedite the approval process for Tesla's Full Self-Driving (FSD) technology, emphasizing that delays are detrimental to safety in Europe [1] Group 1: Tesla's FSD Technology - Musk expressed frustration over the slow approval process from Dutch authorities and the EU regarding Tesla's FSD technology [1] - He highlighted that using advanced Autopilot can reduce traffic injuries by four times, indicating the potential safety benefits of the technology [1] Group 2: Call to Action - Musk is calling on European citizens to pressure their regulatory authorities to accelerate the approval of Tesla vehicles, which he claims would enhance safety [1]

Core Insights - The company anticipates that by the end of 2026, there will be tens of thousands, potentially reaching one million, fully autonomous vehicles on the road [1] Summary by Categories - **Company Projections** - The company projects a significant increase in the number of fully autonomous vehicles, estimating tens of thousands to possibly one million by the end of 2026 [1] - **Industry Impact** - The introduction of a large number of fully autonomous vehicles is expected to have a transformative effect on the automotive industry and related sectors [1] - **Technological Advancements** - The forecast indicates advancements in autonomous driving technology, suggesting that the company is at the forefront of innovation in this field [1]