Cathay Securities: Tesla Robotaxi trial operation launched, industry chain enters explosive period from 0 to 1

According to the Zhitong Finance APP, Guotai Junan Securities released a research report stating that Tesla is the global leader in the commercialization process of the Robotaxi and humanoid robot industries. With the official public trial operation of Tesla's Robotaxi, the related industries are entering a pivotal stage from 0 to 1. The ramp-up of Tesla's Robotaxi and humanoid robots is expected to bring significant performance increments to the related industrial chain, and attention should be focused on high-quality companies in the industrial chain with certainty.

Guotai Junan's main points are as follows:

Musk announces Tesla Robotaxi is about to begin public trial operation. On the evening of June 10, Eastern Time, Tesla CEO Elon Musk announced the tentative date for the first public trial operation of Tesla's highly anticipated autonomous taxi service, Robotaxi—set for June 22. He also stated that Tesla is quite persistent about safety issues, so the date may change. In May, Musk mentioned that Tesla would launch about 10 Robotaxi services in the first week, and then increase to 20, 30, or 40 vehicles within a few months, ultimately reaching thousands. Musk also indicated plans to expand the Robotaxi service to other cities like San Francisco, but he has not provided a specific timeline for the expansion.

Tesla's Optimus robot project leader resigns, autonomous driving head takes over. On June 6, Eastern Time, Milan Kovac, the head of Tesla's humanoid robot Optimus project, announced his upcoming departure. Kovac joined Tesla in 2016 and has worked there for nearly 10 years, most of which was spent as a senior engineer in the Autopilot team. He was appointed to lead the development of Optimus in 2022 and was set to become the vice president responsible for the project by the end of 2024. Ashok Elluswamy, vice president of Tesla's artificial intelligence software department, will take over the Optimus project.

UBTECH (09880) collaborates with Foxconn (601138.SH) in the humanoid robot field. On June 7-8, 2025, the "Pioneers of Intelligent Manufacturing—UBTECH × Foxconn Embodied Intelligent Robot Skills Training" was successfully held at Foxconn. This training is an important project based on comprehensive long-term strategic cooperation between the two parties, aimed at promoting the deep application of robots in the field of intelligent manufacturing and cultivating industrial talent. In the current technological development landscape, humanoid robots integrate cutting-edge results from multiple disciplines and are at a critical stage of rapid development. The collaboration between UBTECH and Foxconn actively promotes and verifies the feasibility of humanoid robots in intelligent manufacturing applications, exploring pilot application scenarios while building a closed-loop ecosystem of "technology research and development - scenario verification - talent cultivation - industrial application." The training of industrial talents is not only a key step for technology implementation but also a precise response to Shenzhen's "20+8" industrial cluster strategy, supplying technically skilled talents with AI + robotics composite capabilities to core fields such as advanced manufacturing and modern logistics.

Risk warning: The industrial development process may not meet expectations; domestic policy implementation may not meet expectations; risks of changes in technological routes