$Hesai(HSAI.US)$Tesla(TSLA.US) Few people can hold for another two years, waiting for the value to materialize, which is also reasonable, after all, the speed of technological iteration is changing too fast, and paradigm shifts are happening too quickly. So what we need to focus on is the increase in new demand brought about by paradigm shifts, and of course, we need to judge whether it is a necessary demand.

As more car manufacturers standardize LiDAR, it shows that safety is a necessary demand, but this concept has not yet been deeply rooted in people's hearts. Only when there is a cognitive gap can there be investment opportunities.