CITIC Construction Investment: Tesla GEN3 is expected to be released in Q1 2026, with policies actively promoting the development of the embodied intelligence industry

CITIC Construction Investment pointed out that Tesla's Q3 earnings report will attract widespread attention. Although the release of Gen3 has been slightly delayed compared to previous expectations, a delay of about two months is normal for new products with significant fluctuations. This earnings report is more positive than previous ones, with new changes such as the ability to operate autonomously over a larger area, the first presentation of mass production line progress in the financial report, and the opening of long-term mass production expectations. In addition, domestic policies have positively indicated support for the development of the entire industry chain of embodied intelligence, and the performance of domestic chains is worth looking forward to. CITIC Construction Investment remains optimistic about the trend of the humanoid robot industry, focusing on companies with certainty in the T chain and domestic chain, while also paying attention to new changes in areas such as dexterous hands