Undervalued stocks: Musk said Tesla’s long-term value will come from artificial intelligence and robots [With analysis of humanoid robot market prospects]

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Tesla CEO Elon Musk said on Monday that the company’s long-term value will be driven by artificial intelligence and robots. Previously, a Morgan Stanley report attributed Tesla’s long-term growth to its custom-built supercomputer Dojo.

Musk wrote on the A post by enthusiast Alex Avoigt, who praised Morgan Stanley analysts for understanding Tesla as an artificial intelligence company.

Avoigt believes that Tesla is currently the most undervalued stock on Nasdaq. Although the target price of $400 is the highest among Wall Street analysts, it still fails to reflect this stock. The value of companies that “have the greatest opportunity and probability to apply AI to cars and robots in the market.”

With the continuous development of artificial intelligence and automation technology,

the application of robots in various fields continues to expand. Industrial robots play an important role in manufacturing, improving production efficiency and quality. At the same time, service robots are also widely used in medical, education, logistics and other fields. The increasing demand for intelligent robots has promoted the prosperity of the market. Competition among robot companies at home and abroad is fierce, and technological innovation and product upgrading have become the key to market competition.

——Humanoid robot has the characteristics of intelligence, flexibility and diversification

As the global industrial robot industry gradually matures and AI technology develops rapidly, the humanoid robot industry has entered its infancy. Compared with industrial robots, humanoid robots are more adaptable to various real-life scenarios, allowing robots to shift from special-purpose to general-purpose, increasing scale effects and reducing costs; in addition, humanoid robots are also one of the best physical forms to achieve embodied intelligence. .

Humanoid robots have smarter brains: the behavior of industrial robots is usually pre-coded; humanoid robots show higher initiative with the support of all-round AI perception technology and GPT large language model. Ability to learn, make decisions and reason independently. Rewritten content: Humanoid robots are more intelligent: the behavior of industrial robots is usually programmed in advance; while humanoid robots, with the support of a full range of artificial intelligence perception technology and the GPT large language model, show more intelligence. High initiative, with the ability to learn, make decisions and reason independently

Humanoid robots have a more flexible body: general industrial robots mainly replace repetitive labor and complete repetitive tasks according to preset settings, so their degrees of freedom are generally 4-6; while humanoid robots behave more similarly. People's degrees of freedom are generally above 20, allowing them to complete more complex and diverse actions.

The application scenarios of humanoid robots are more diversified: due to being pre-set, the application scenarios of industrial robots are relatively fixed; on the one hand, humanoid robots have the ability to learn, make decisions and reason independently at the brain level, and on the other hand, they have the ability to It has a higher degree of freedom and can complete more diverse actions, so its application scenarios are more diversified.

Analysis of representative global humanoid robot products:

Currently, most of the main developers of humanoid robots are technology companies, and there are also many cross-border companies entering the market. The EVE robot successfully developed by 1X technologies in the United States in cooperation with ADT commercial can be used in security, nursing, bartending and other scenarios. It is currently on sale and can produce 10 units per month. It has been put into use in the United States and parts of Europe; the company's NEO robot is mainly It is used in security, logistics, manufacturing, machinery operations and handling complex operations. It will start accepting reservations at the end of 2023. The Ameca robot developed by British Engineered Arts can detect emotions and age when interacting with humans, and can communicate with common expressions. It is mainly used in experimental research, exhibitions, reception, education and other fields

Xiaomi Cyberone is a product used to reconstruct the real world, achieve balance in movement postures, and perceive human emotions. It is mainly used in technology exhibition halls, film and television variety shows, commercial performances, and government and enterprise exhibition halls. UBTECH Walker X is mainly used in technology exhibition halls, film and television variety shows, commercial performance activities and government and enterprise exhibition halls. Zhiyuan Robot Expedition A1 is expected to be first used in the industrial manufacturing field, and then gradually develop into C application fields

The development prospects of the global humanoid robot industry market

From a global perspective, humanoid robots have commercial application scenarios expected to be implemented, such as patrolling, logistics and warehousing; humanoid robot products that are leading the commercialization process include EVE and Digit. Specifically, the humanoid robot EVE jointly developed by 1X Technologies and ADT Commercial in the United States has been successfully used in patrol security scenarios; Digit’s application scenarios are mainly in the logistics and warehousing links, and its tasks mainly include unloading trucks, carrying boxes, and management. Shelves, etc., are expected to be fully launched in 2025.

With the multi-dimensional empowerment of policies, capital and technology, the potential of the humanoid robot market is expected to be accelerated. Future business application scenarios are expected to penetrate into the service industry, manufacturing and other fields. Musk has stated that his long-term goal in designing Tesla robots is to serve thousands of households, such as cooking, mowing lawns, and taking care of the elderly. At present, the development direction of humanoid robots with great potential is mainly for manufacturing, aerospace exploration, life service industry, university scientific research, etc. It is expected that in 2025, humanoid robots are expected to achieve breakthroughs in manufacturing scenario applications, and be used in small batches in electronics, automobiles, etc. environment

According to a report released by GGII in May 2023, the penetration rate of global humanoid robots in service robots is expected to reach 3.5% by 2026, with the market size exceeding US$2 billion. By 2030, the global market size is expected to exceed 20 billion Dollar. Based on numerical calculations that China's service robot market accounts for approximately 25% of the global market, China's humanoid robot market will reach US$5 billion in 2030.

Looking to the future, humanoid robots have huge long-term market space. According to Musk’s optimistic estimates, according to the ratio of 2:1 between humans and robots, the demand for robots will far exceed that of cars, and the demand may reach 10 billion units. According to Goldman Sachs, under an optimistic scenario, the humanoid robot market may reach US$154 billion in 2035. Markets and Markets predicts that the humanoid robot market will grow from US$1.8 billion in 2023 to US$13.8 billion in 2028, with a compound annual growth rate of 50.2%.

The content that needs to be rewritten is: Forward-looking Economist APP Information Group

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