汽车行业动态报告：特斯拉股价创新高重视无人驾驶及机器人产业变革

中信建投证券2025-12-29

核心观点：本周特斯拉股价逼近500美元/股，再创历史新高，公司上周开始奥斯汀robotaxi无安全员运营测试，26年是公司无人驾驶及机器人商业化元年，叠加Space X或已SPARC上市利好特斯拉股东（优先投资权）。整车板块景气预期仍在低位，围绕26年汽车以旧换新政策落地时点及补贴金额，本周市场或预期政策落地时点更快、补贴金额更好，进而对Q1景气形成支撑。我们仍看好自主乘用车智能化、高端化、强势...

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汽车行业动态报告：特斯拉股价创新高 重视无人驾驶及机器人产业变革

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汽车行业动态报告：特斯拉股价创新高重视无人驾驶及机器人产业变革