Yesterday, there were rumors in the market that Tesla's Full Self Driving (FSD) would authorize SAIC to do Robotaxi after entering China. According to research by Tianfeng Securities (601162), it is currently known that Tesla and SAIC have communicated for two rounds, and Geely has also communicated, but the final conclusion and details are not yet clear.
According to the latest research report by Tianfeng Securities, the release scope of FSD V13 is not limited to the Americas, but will also be updated synchronously in markets such as China and Europe. V13.3 is the first version of Tesla FSD full version entering China, also known as the core point of intelligent driving acceleration, and is also the core factor of intelligent driving beta catalysis.
Tianfeng Securities analyzes the feasibility of FSD authorizing SAIC: Rumors have been circulating about SAIC, BYD, and Geely since April this year. Whether it is the urgency of SAIC's intelligence or the establishment of Tesla's factory and localized storage center in Shanghai, it reveals that once they cooperate, SAIC has a greater possibility of contributing revenue to the government.
As for the feasibility of Robotaxi cooperation: firstly, it has operational qualifications. SAIC's subsidiary, Saike Intelligent, produces Robotaxi and has operational qualifications and a ready-made FSD carrier; Secondly, through the cooperation of Robotaxi, it does not conflict with its own intelligent passenger car models, but can quickly land Robotaxi and establish a foothold in the field of intelligent commercial vehicles.
On Tuesday (12th), the two ministries and commissions printed and issued the Action Plan for Cost Reduction, Quality Improvement and Efficiency Enhancement of Transport Logistics, which also mentioned that the pilot project for the access and passage of intelligent connected (autonomous driving) vehicles should be accelerated, and the demonstration application of autonomous driving and unmanned vehicles in key areas such as the Yangtze River Delta and the Guangdong Hong Kong Macao Greater Bay Area should be promoted in an orderly manner. Under the continuous catalysis of policies, the industrial logic is relatively smooth.
Tianfeng Securities believes that if the cooperation comes true, on the one hand, for Tesla, if the cooperation model with SAIC Robotaxi runs smoothly, it may have certain replicability and can cooperate with other independent brands to further increase the penetration rate of FSD; On the other hand, for SAIC, through FSD empowerment, it is also possible to achieve intelligent overtaking on curved tracks.
However, Tianfeng Securities also stated that there is still some uncertainty in this matter: on the one hand, the core of FSD is algorithm software and data capabilities. In terms of data, Tesla lacks local training data compared to domestic car companies, and the establishment of a data center is not yet clear. How to solve the data problems related to the use of FSD authorized Robotaxi mode in future cooperation; On the other hand, there is an issue of acceptance among car companies regarding the FSD authorized cassette mode.
Previously, the Tesla team expected that FSD would be launched in China in the first quarter of 2025. The latest report from Morgan Stanley suggests that Musk's entry into the political arena could have a significant impact on Tesla's growth trajectory and valuation. Musk's political connections could expand Tesla's role in the US renewable energy and autonomous driving industries, thereby stimulating investors' enthusiasm for its potential outside of the automotive industry.
Yesterday, US President elect Trump officially announced that Elon Musk will lead the Department of Government Efficiency: I am pleased to announce that the great Elon Musk will collaborate with Vivek Ramaswamy to jointly lead the Department of Government Efficiency, promoting streamlining government, reducing regulations, and minimizing waste. Musk said, "This will have a huge impact on the system, involving a large number of people wasting money by the government