Recently, Tesla has disclosed patents related to its robotic technology. The V3 version’s dexterous hand, a key technological advancement, is nearing its final design phase, with expectations to commence mass production between July and August 2026. Plans are also underway to initiate the construction of the first robot factory in the second quarter of 2026. Leveraging its cutting-edge AI large model technology and scalable production capabilities, Tesla is at the forefront of driving industry innovation. The localization of core components and achieving economies of scale are central to reducing costs. With a well-established supply chain and manufacturing strengths, Chinese supply chain companies are rapidly expanding their production capacities, with the Thailand factory emerging as a strategic hub for international growth. We maintain a strong positive outlook on Tesla’s robotic endeavors and its supply chain partners, advising investors to focus on key players in the industrial chain. At the same time, it is crucial to closely monitor potential risks, including technological advancements, the expansion of application scenarios, choices in technology routes, policy shifts, market competition, and geopolitical factors.