近日，特斯拉CEO埃隆・马斯克通过社交媒体宣布，将深度参与公司AI芯片的研发设计工作，提出"每 12个月量产一款新AI芯片"的激进目标，最终产量预计将超过全球其他所有AI芯片厂商的总和。这一战 略布局不仅标志着特斯拉在智能硬件领域的投入再升级，更将深刻影响自动驾驶与人形机器人两大赛道 的发展轨迹。目前，特斯拉AI芯片已形成清晰的迭代梯队：AI4已实现车载集成，AI5即将完成流片， AI6研发工作也已正式启动，全方位支撑其智能化生态建设。 马斯克亲自下场主导芯片设计，背后是特斯拉构建全栈技术护城河的战略考量。作为全球电动汽车与人 工智能技术的领导者，特斯拉早已意识到核心芯片自主化是突破技术瓶颈的关键——依赖第三方芯片不 仅面临供应限制，更难以实现硬件与FSD自动驾驶系统、机器人控制算法的深度协同。此前，特斯拉通 过整合自动驾驶硬件、电池系统与AI基础设施，已形成独特的技术优势，而自主芯片的持续迭代将进 一步强化这一壁垒。马斯克通过每周二、周六的工程会议直接参与设计优化，正是为了确保芯片研发与 公司整体技术路线高度契合，打破"硬件适配软件"的被动局面。 在技术层面，特斯拉新一代AI芯片实现了多重突破。即将量产的A ...

据新华社消息：美国特斯拉公司首席执行官埃隆·马斯克日前在社交媒体平台X发文称，他本人将"深度参与"特斯拉的人工智能(AI)芯片设计， 宣称其目标是"每年投入量产一款新芯片"。 本月6日，特斯拉年度股东大会批准马斯克10年期薪酬计划。马斯克若能完成全部12项企业阶段性发展目标，有望获得市值近1万亿美元的特斯 拉股票作为酬劳。 特斯拉10月22日公布的财报显示，2025年第三季度，公司营收281亿美元，比去年同期增长12%；净利润13.7亿美元，同比下降37%。 编辑：魏国峻 审核：吴祈 【来源：新华社】 马斯克说："我们的目标是每12个月将一种新AI芯片设计投入量产。预计最终生产的芯片数量将超过所有其他AI芯片总和。"相关芯片将用于自 动驾驶和"擎天柱"人形机器人，他本人将"深度参与芯片设计"，"每周二和周六"与工程团队开会。 这是2024年4月2日在美国加州圣布鲁诺一处停车场拍摄的特斯拉汽车。新华社发（李建国摄） 美国股市分析网站"寻找阿尔法"23日报道，特斯拉AI芯片版本AI4已集成到特斯拉车辆中，AI5即将完成流片，AI6的研发工作已启动。 马斯克还在贴文中招揽人才，邀请对职位感兴趣的工程师向特斯拉发送邮 ...

新华财经北京11月24日电美国特斯拉公司首席执行官埃隆·马斯克日前在社交媒体平台X发文称，他本人 将"深度参与"特斯拉的人工智能（AI)芯片设计，宣称其目标是"每年投入量产一款新芯片"。 马斯克说："我们的目标是每12个月将一种新AI芯片设计投入量产。预计最终生产的芯片数量将超过所 有其他AI芯片总和。"相关芯片将用于自动驾驶和"擎天柱"人形机器人，他本人将"深度参与芯片设 计"，"每周二和周六"与工程团队开会。 美国股市分析网站"寻找阿尔法"23日报道，特斯拉AI芯片版本AI4已集成到特斯拉车辆中，AI5即将完 成流片，AI6的研发工作已启动。 马斯克还在贴文中招揽人才，邀请对职位感兴趣的工程师向特斯拉发送邮件，并请应聘者用三条要点证 明自身"卓越能力"。 本月6日，特斯拉年度股东大会批准马斯克10年期薪酬计划。马斯克若能完成全部12项企业阶段性发展 目标，有望获得市值近1万亿美元的特斯拉股票作为酬劳。 特斯拉10月22日公布的财报显示，2025年第三季度，公司营收281亿美元，比去年同期增长12%；净利 润13.7亿美元，同比下降37%。（卜晓明） （文章来源：新华社） ...

马斯克还在贴文中招揽人才，邀请对职位感兴趣的工程师向特斯拉发送邮件，并用三条要点证明自 身"卓越能力"。 本月6日，特斯拉年度股东大会批准马斯克10年期薪酬计划。马斯克若能完成全部12项企业阶段性发展 目标，有望获得市值近1万亿美元的特斯拉股票作为酬劳。 特斯拉10月22日公布的财报显示，2025年第三季度，公司营收281亿美元，比去年同期增长12%；净利 润13.7亿美元，同比下降37%。 美国特斯拉公司首席执行官埃隆·马斯克上周末在社交媒体平台X发文称，他本人将"深度参与"特斯拉的 人工智能(AI)芯片设计，宣称其目标是"每年投入量产一款新芯片"。 马斯克说："我们的目标是每12个月将一种新AI芯片设计投入量产。预计最终生产的芯片数量将超过所 有其他AI芯片总和。"相关芯片将用于自动驾驶和"擎天柱"人形机器人，他本人将"深度参与芯片设 计"，"每周二和周六"与工程团队开会。 美国股市分析网站"寻找阿尔法"23日报道，特斯拉AI芯片版本AI4已集成到特斯拉车辆中，AI5即将完 成流片，AI6的研发工作已启动。 （文章来源：新华社） ...

【新华社微特稿】美国特斯拉公司首席执行官埃隆·马斯克上周末在社交媒体平台X发文称，他本人 将"深度参与"特斯拉的人工智能(AI)芯片设计，宣称其目标是"每年投入量产一款新芯片"。 马斯克还在贴文中招揽人才，邀请对职位感兴趣的工程师向特斯拉发送邮件，并用三条要点证明自 身"卓越能力"。 本月6日，特斯拉年度股东大会批准马斯克10年期薪酬计划。马斯克若能完成全部12项企业阶段性发展 目标，有望获得市值近1万亿美元的特斯拉股票作为酬劳。 特斯拉10月22日公布的财报显示，2025年第三季度，公司营收281亿美元，比去年同期增长12%；净利 润13.7亿美元，同比下降37%。（完）（卜晓明） 马斯克说："我们的目标是每12个月将一种新AI芯片设计投入量产。预计最终生产的芯片数量将超过所 有其他AI芯片总和。"相关芯片将用于自动驾驶和"擎天柱"人形机器人，他本人将"深度参与芯片设 计"，"每周二和周六"与工程团队开会。 美国股市分析网站"寻找阿尔法"23日报道，特斯拉AI芯片版本AI4已集成到特斯拉车辆中，AI5即将完 成流片，AI6的研发工作已启动。 ...

Group 1: Machinery Industry - In October 2025, the total sales of excavators in China increased by 7.8% year-on-year, with domestic sales and exports growing by 2.4% and 12.9% respectively. From January to October, total excavator sales rose by 17.0%, with domestic sales and exports increasing by 19.6% and 14.4% respectively [2] - In October, the total sales of loaders in China grew by 27.7% year-on-year, with domestic sales and exports increasing by 33.2% and 22.6% respectively. From January to October, total loader sales increased by 15.8%, with domestic sales and exports rising by 21.8% and 9.7% respectively [2] - The average working hours for major engineering machinery products in October were 80.9 hours, a decrease of 9.0% year-on-year. However, the decline in working hours for excavators and loaders narrowed, indicating a potential for continued growth in domestic sales of earth-moving machinery [2] Group 2: Robotics Industry - Xiaopeng Motors launched a new generation humanoid robot, IRON, featuring a unique bionic design with a skeletal structure, muscle lines, and flexible skin for realistic touch experiences. The robot has 22 degrees of freedom for precise movements [3] - Tesla announced that its third-generation humanoid robot production line will be established next year, with an expected cost of less than $20,000 per unit once mass production begins. Tesla's humanoid robot project aims to deliver 1 million units [4] - UBTECH has secured a contract worth 159 million yuan for humanoid robots, with the Walker S2 model expected to be delivered by the end of November. UBTECH's Walker series has received over 789 million yuan in orders this year [4] Group 3: Investment Recommendations - The manufacturing PMI in China fell by 0.8 percentage points to 49.0% in October, with various sub-indices showing declines due to factors such as pre-holiday demand release and a complex international environment. However, domestic policies and measures are expected to gradually improve manufacturing profitability and overall demand for machinery [5] - The report maintains a "buy" rating for the machinery industry, recommending companies that benefit from domestic and international demand, such as Liugong, Sany Heavy Industry, XCMG, and Hengli Hydraulic. It also highlights the growth potential in the humanoid robotics sector, recommending companies like UBTECH, Estun, and Harmonic Drive [5]

Core Viewpoint - The robotics sector is experiencing volatility, with the robotics index ETF (560770) declining by 8.83% from October 1 to November 7, significantly underperforming compared to the Shanghai Composite Index, which rose by 2.96% during the same period [1][2]. Market Performance - The robotics index ETF (560770) has seen a net inflow of nearly 600 million yuan over the past 14 days, with a year-to-date share increase of 160.04%, bringing its latest scale to over 2.468 billion yuan [3]. - The overall performance of the robotics sector has been mixed, with notable declines in key component stocks such as Huichuan Technology and Yuntian Lifeng, while companies like Stone Technology and Julun Intelligent have shown gains [1]. Industry Trends - The humanoid robot sector is witnessing multiple catalysts, with companies preparing for mass production expected to begin in the second half of 2026 [4][5]. - High-profile companies like Xpeng and Tesla are making significant advancements in humanoid robotics, with Xpeng unveiling its humanoid robot IRON and Tesla announcing ambitious production goals for its "Optimus" humanoid robot [6]. - The global humanoid robot market is projected to grow significantly, with estimates suggesting a compound annual growth rate of 58.90%, expanding from approximately 6.339 billion yuan in 2025 to 64.222 billion yuan by 2030 [6]. Investment Landscape - The current market environment indicates a potential shift in investment styles, with high valuations and downward adjustments in growth expectations possibly leading to a phase of sectoral adjustments [5]. - The top ten components of the robotics index ETF include companies across various segments of the robotics industry, indicating a diversified exposure to the robotics supply chain [5].

Core Points - Tesla's annual shareholder meeting approved CEO Elon Musk's controversial compensation plan, which could potentially yield nearly $1 trillion in stock options over the next decade if specific performance targets are met [1][2][4] - The plan requires Musk to achieve several ambitious goals, including increasing Tesla's market capitalization to $8.5 trillion, delivering 20 million vehicles, deploying 1 million autonomous taxis, and delivering 1 million Optimus humanoid robots [1][2] Summary by Categories Compensation Plan - 75% of voting shareholders approved Musk's compensation plan [1] - The plan was proposed by Tesla's board in September and has been a subject of controversy, with some major shareholders, including Norway's sovereign wealth fund, voting against it [2] Performance Targets - Market Capitalization Target: $8.5 trillion, up from approximately $1.5 trillion [2] - Vehicle Delivery Target: 20 million vehicles, compared to over 8 million currently delivered [2] - Autonomous Taxi Deployment: 1 million taxis, with a previous plan to deploy 1,500 by the end of 2025 [2] - Optimus Robot Delivery Target: 1 million units, with no prior deliveries reported [2] Market Reaction - Following the approval of the compensation plan, Tesla's stock price rose approximately 2% in after-hours trading on the day of the announcement [1]

Core Points - Tesla's annual shareholder meeting approved CEO Elon Musk's ambitious compensation plan, which could potentially yield nearly $1 trillion in stock options over the next decade if specific performance targets are met [1][2] - The approval came with 75% of voting shareholders in favor, despite some opposition from major shareholders like the Norwegian sovereign wealth fund [2][4] Summary by Category Compensation Plan - Musk's compensation plan requires achieving several milestones, including increasing Tesla's market value to $8.5 trillion from approximately $1.5 trillion, and delivering 20 million vehicles compared to over 8 million currently [2] - Additional targets include deploying 1 million autonomous taxis and delivering 1 million Optimus humanoid robots, with no prior deliveries of the latter [2] Market Reaction - Following the announcement of the approval, Tesla's stock price rose approximately 2% in after-hours trading on the same day [1] Musk's Position - Musk had previously threatened to leave Tesla if the compensation plan was rejected, indicating a potential shift of focus to his other ventures, including xAI, SpaceX, and Neuralink [4]

Core Points - Tesla's shareholders approved a compensation incentive plan for CEO Elon Musk with over 75% support, potentially worth up to $1 trillion [1] - The plan, approved by the board in September, will pay Musk based on Tesla's market value and operational performance over the next 10 years [1] - Current market value of Tesla is approximately $1.5 trillion, with stock rewards triggered by increases in market value [1] - The plan includes performance targets such as achieving $400 billion in profit, delivering 20 million vehicles, and having 10 million active full self-driving subscription users [1][2] Summary by Sections - **Compensation Plan Details** - The incentive plan allows for stock rewards to be issued in 10 tranches as Tesla's market value increases by $500 billion, up to $6.5 trillion [1] - Additional rewards will be granted if the market value reaches $8.5 trillion [1] - **Performance Targets** - Key targets include achieving $400 billion in profit, delivering 20 million vehicles, and having 10 million active full self-driving subscription users [1] - The plan also includes selling 1 million "Optimus" humanoid robots and commercializing 1 million self-driving taxis [1] - **Challenges and Implications** - Achieving the targets set in the compensation plan is considered highly challenging, requiring Musk to remain with the company long-term [2] - If fully realized, Musk's stock holdings could increase by approximately 423.7 million shares, valued at around $1 trillion, raising his ownership stake to about 25% [2]