According to a filing submitted to the U.S. Securities and Exchange Commission on September 15, Tesla CEO Elon Musk purchased over 2.5 million Tesla shares on September 12, with a total value of approximately $1 billion. Previously, Tesla's board of directors proposed a new compensation package to Musk with a potential value approaching $1 trillion. Under the agreement, Tesla's board granted Musk up to 423.7 million restricted shares, representing approximately 12% of the company's adjusted total share capital, to be distributed in 12 tranches. One of the operational targets for unlocking the trillion-dollar compensation is the cumulative delivery of 1 million humanoid robots.
The bottleneck for humanoid robot mass production lies in embodied models, with core elements including model architecture, computing power, and data. Tesla's Optimus adopts a pure vision end-to-end model architecture. In May, data collection shifted to third-person video training, and this week's release of the AI5 chip completed the final piece of the puzzle, making conditions for Optimus mass production in 2026 mature.
The industry widely regards 2025 as the inaugural year for humanoid robot mass production and accelerated commercialization. Musk's KPI may once again catalyze the production pace. Recent robot catalysts have been frequent, and Musk's share purchase demonstrates strong confidence in Tesla's future pillar business (Musk stated that approximately 80% of Tesla's long-term value will come from Optimus). Next week's production meeting is expected to address market expectations for Gen3.
Overall, the most pessimistic period of production cuts and model changes in June has passed. For the second half of the year, positive catalysts far outweigh potential negatives. Institutions are optimistic about the robot sector experiencing domestic (scenario deployment + order fulfillment + new product launches + capital operation events) and overseas (Tesla's continuous iteration + gradual mass production initiation) resonance from September to December.
Domestic supply chains continue to make progress. Beyond sustained order surges from leading domestic manufacturers, multiple companies have released new products, signed agreements with partners, and secured financing, creating intensive domestic catalysts.
Related humanoid robot supply chain Hong Kong stocks include: Dobot Inc (02432), UBTECH Robotics Corp Ltd (09880), Eagle Nice (International) Holdings Limited (01286), Shougang Holding (International) Limited (00697), Geek+ Technology Limited (02590), Sanhua Intelligent Controls Co., Ltd. (02050), JOHNSON ELEC H (00179), TSUGAMI CHINA (01651), and others.