Investment Rating - The investment rating for Tesla Inc is Overweight, with a price target of $410.00, while the industry view is In-Line [5][74]. Core Insights - The report discusses the potential for Tesla to develop new AI-enabled devices that enhance the connection between digital life and automotive experiences, suggesting that the automobile's role in the mobile/hybrid compute market is underestimated [2][3]. - The concept of "Robo-DoF" is introduced, indicating that as AI integrates into physical forms, the demand for actuators and components will significantly increase, with projections of over 60 billion points of actuation across various robot types [3][7]. - The report emphasizes the importance of understanding the evolving landscape of humanoid robots and their components, encouraging clients to explore their own models for market growth [7]. Summary by Sections Tesla Inc Overview - Tesla Inc's current market capitalization is approximately $1,133,938 million, with a recent stock price of $322.05 [5]. - The projected EPS for the fiscal years ending in 2024, 2025, 2026, and 2027 are $2.41, $1.59, $2.90, and $4.53 respectively [5]. Market Dynamics - The report highlights the anticipated growth in the robotics market, driven by the proliferation of various types of robots, which will require a vast array of components such as electric motors and encoders [3][7]. - The potential for Tesla to act as a third-party supplier is valued at $17 per share, indicating a diversified revenue stream beyond automotive sales [14]. Humanoid Robotics - The report includes an updated list of stocks related to humanoid robotics and their components, suggesting a significant market opportunity in this sector [11][7]. - The analysis encourages clients to engage with the evolving relationship between automotive companies and humanoid robotics, indicating a growing intersection of these industries [7].