CITIC Securities: Tesla (TSLA.US)'s Next-Generation Roadster Makes a Stunning Debut, Optimus Is Optimus Prospects for Reuse of Technology to Empower Optimus in Mass Production and Application

The Zhitong Finance App learned that CITIC Securities released a research report saying that Tesla (TSLA.US)'s next-generation Roadster made a spectacular appearance at the SpaceX Test Site in Texas, and was amazed by difficult action skills such as climbing upside down and flipping in the air. The Tesla Roadster integrates core technologies from multiple product lines such as SpaceX, Optimus, and FSD, and Tesla has a strong synergy of technology reuse in forward-looking technology. Looking ahead to Tesla's successor products, the bank believes that products such as Optimus will also benefit from technical collaboration between Musk's Tesla and SpaceX companies, including MegaFactory, end-to-end large models, Grok, AI5 chips, etc., so it is optimistic about the prospects for mass production and application of Tesla robots. It is recommended to focus on the Roadster and Optimus related industry chains.

CITIC Securities's main views are as follows:

A new generation of Roadster made a spectacular debut, showing difficult movements such as climbing upside down and flipping in the air

On the evening of October 15, US Central Time, Tesla held a new-generation Roadster press conference near the SpaceX test site in Texas. At the press conference site, the Roadster climbed all the way down an inverted ramp, completed a flip in the air, and finally landed smoothly. It took off on land, flipped over the air for a week, and crossed the entire row of Cybercab, Cybertruck, Semi, Model Y, and Model 3 Tesla fleets. The vehicle's performance was astonishing for 0.81 seconds. The Roadster's exterior design was inspired by the SR-71 and F-35. Musk expects the Roadster to enter mass production in 2028. Pre-orders are now open, with a deposit of 50,000 US dollars.

What is behind Tesla and SpaceX's multi-business technology reuse

On the Tesla Roadster, the bank saw the integration of cutting-edge technology from various Tesla and SpaceX businesses under Musk. Air rollover and extreme acceleration are achieved through the vehicle's air-conditioning propulsion system. The technology comes from SpaceX's aircraft attitude control; inverted climbing is achieved through the adsorption force generated by the fan system at the bottom of the vehicle; the movement of the aerodynamic kit in Track Mode comes from the technical reuse of Optimus actuators; and demonstrates that the on-site vehicle is completely unmanned. The technology comes from Tesla FSD (fully autonomous driving) technology.

Tesla once again proved its technological leadership and full-stack self-development capabilities, and is optimistic that subsequent products such as Optimus will amaze the market

From the underlying design and manufacturing of hardware, to self-developed chips, to the development and training of large model algorithms, Tesla has full-stack self-development capabilities, and multiple business lines have achieved organic collaboration and technology reuse. Through the Roadster press conference, it was once again proven that its technical capabilities are in a leading position in the industry. The bank is optimistic about Musk's Tesla and SpaceX companies, including MegaFactory, end-to-end models, Grok, AI5 chips, etc., to achieve technical collaboration. Tesla's underlying technical capabilities will be reused to the next generation of large-scale mass-produced Optimus and other products. Subsequent product launches are expected to also surprise the market.

investment strategy

The Tesla Roadster was astonished at the press conference. Behind it was the reuse of cutting-edge technology in multiple businesses. Tesla has full-stack self-development capabilities, from the underlying design and manufacture of hardware, to the development and training of self-developed chips and large model algorithms. Multiple business lines achieved organic collaboration and technology reuse. The Roadster press conference once again proved that its technical capabilities are in a leading position in the industry. The bank is optimistic that the reuse of this technology will play a more important role in its large-scale mass production products. It is recommended to focus on Roadster-related companies; core players in the robotics industry chain.

risk factors

Robotics technology is progressing faster than expected; the development potential of robot application scenarios is lower than expected; risk of changes in technology routes; policy implementation falls short of expectations; competition in the automotive industry intensifies risks; and international geopolitical risks.