Industry Briefing
A single destination for timely, editor-curated robotics news from around the world.
Morgan Stanley's Adam Jonas Discusses Impact of Physical AI on Global GDP Growth
Adam Jonas from Morgan Stanley highlights the potential of physical AI to significantly enhance global GDP as it integrates into various sectors like transportation and manufacturing. This convergence of AI and robotics is crucial for revitalizing US manufacturing, especially as China currently dominates essential supply chains. Jonas emphasizes the importance of this technological race in shaping the future economy. Looking ahead, the role of companies like Tesla and SpaceX may become increasingly vital as they contribute to a landscape where billions of interconnected robots execute AI tasks at the edge. No further timeline was disclosed at the time of publication.
JPMorgan Projects $320 Billion in Tesla Robotaxi Revenue by 2035, Mostly for Tesla Fleet
JPMorgan has projected that Tesla's robotaxi revenue could reach approximately $320 billion by 2035, with around $314 billion generated from a Tesla-owned fleet rather than individual vehicle owners. This shift in revenue expectations indicates a significant change in the business model, moving away from the idea of passive income for owners participating in a shared ride network. This analysis is crucial as it reframes the robotaxi opportunity for Tesla (NASDAQ:TSLA) as a capital-intensive mobility operator, similar to Waymo, rather than an asset-light software platform. The report highlights that Tesla is expected to retain most of the ride revenue, which could impact the financial outlook for individual vehicle owners who anticipated earning from the Tesla Network. Looking ahead, the success of this model will depend on Tesla's ability to scale Cybercab production, reduce operating costs, and secure widespread regulatory approvals. No further timeline was disclosed at the time of publication.
Goldman Sachs and Morgan Stanley Revise Humanoid Robot Shipment Forecasts Significantly
On September 1, 2026, Goldman Sachs analysts released an 80-page report predicting a significant increase in global humanoid robot shipments. The forecast for 2026 was raised from 51,000 to 75,000 units, and for 2035, from 1.4 million to 6.5 million units, marking an almost fourfold increase. This adjustment reflects a broader trend among major financial institutions, including Morgan Stanley and Deutsche Bank, which have also revised their projections upward, indicating a collective shift in market expectations. The importance of these revised forecasts lies in their implications for the humanoid robot industry, which is experiencing exponential growth rather than the linear increases typically seen in traditional industries. Goldman Sachs highlighted that by 2035, the market size for humanoid robots could reach approximately $138.3 billion, with shipment volumes expected to increase over a hundredfold in just ten years. This shift in expectations is prompting traders to reassess their strategies in light of new data. Looking ahead, the report indicates that each humanoid robot will generate a semiconductor demand of $3,000 to $6,000, underscoring the significance of silicon-based computing in the pricing of physical intelligence. As the industry transitions from two-dimensional to three-dimensional applications, the implications for technology adoption and market dynamics will be critical to monitor in the coming years. No further timeline was disclosed at the time of publication.
Humanoid Robots Market Forecasts AI Automation Supply Chain
JPMorgan Reports Tesla's Confidence in Scaling Cybercab Operations and Future Model Development
Investment bank JPMorgan Chase & Co. has indicated that Tesla Inc. is focusing on the Cybercab rather than expanding its Model Y robotaxi fleet. Following a meeting at Tesla's Fremont, California facility, JPMorgan noted that Tesla expressed confidence in scaling Cybercab operations in the near term. This emphasis on the Cybercab is significant as it suggests a strategic shift in Tesla's approach to its autonomous vehicle offerings. The report also highlighted that Tesla plans to develop additional vehicle types based on the Cybercab platform, indicating a long-term vision for diversification in its product lineup. Looking ahead, Tesla's Full Self-Driving (FSD) V15 is expected to be a major advancement in performance, incorporating seven core technologies. The company also plans to begin commercial sales of the Optimus Gen 3 robot by the second half of 2027, with insights from this model informing future developments.
Morgan Stanley Analyst Issues Urgent Tesla Update for Investors Ahead of Next Quarter
Morgan Stanley analyst Andrew Percoco has issued a critical note regarding Tesla's performance, emphasizing the need for improved financial metrics. Despite maintaining an Equal Weight rating and a price target of $415, Percoco highlighted concerns over negative free cash flow and declining margins, urging Tesla to demonstrate measurable progress in its Robotaxi and Optimus initiatives. The urgency in Percoco's message stems from weaker gross margins and increased R&D spending, which have heightened investor scrutiny on Tesla's ability to scale its autonomous vehicle strategy. While the long-term AI thesis remains intact, investors are looking for clearer evidence of success in ride volume and operational efficiency, rather than mere geographic expansion. Looking ahead, Percoco's focus will be on Tesla's ability to deliver significant metrics that reflect the performance of its Robotaxi service, including ride volume per vehicle and revenue generation. No further timeline was disclosed at the time of publication.
PwC and Morgan Stanley Predict $15 Billion Humanoid Robot Market by 2030
PwC China AI Research Institute has released its inaugural report, which anticipates a division of three robot forms by 2030. This report highlights the potential for significant growth in the humanoid robot sector, aligning with Morgan Stanley's projection of 446,000 humanoid units shipped annually. The forecasted market size of $15 billion by 2030 underscores the increasing interest and investment in embodied intelligence technologies. As industries explore automation and robotics, the demand for humanoid robots is expected to rise, driven by advancements in AI and robotics capabilities. Stakeholders should monitor the developments in humanoid robotics as companies ramp up production and innovation. The insights from PwC and Morgan Stanley provide a roadmap for potential investors and enterprises looking to capitalize on this emerging market. No further timeline was disclosed at the time of publication.
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J.P. Morgan Sees Strategic Merger Potential Between SpaceX and Tesla
J.P. Morgan analysts have described a potential merger between Space Exploration Technologies (SpaceX) and Tesla as 'strategically coherent on paper.' This statement has reignited investor interest in the possibility of uniting Elon Musk's companies, which share engineering talent and AI ambitions under his leadership. The significance of this analysis lies in the potential for Musk to integrate his vision across multiple sectors, including automotive, robotics, energy, and space. Additionally, SpaceX's recent public debut provides Musk with valuable stock for potential deals, while his increasing control at Tesla positions him favorably for negotiations. However, J.P. Morgan also highlighted significant challenges, including regulatory hurdles, the disparity in Musk's control over both companies, and the perception that any merger would favor SpaceX over Tesla. No further timeline was disclosed at the time of publication.
Morgan Stanley Projects Cloud Computing Spending to Reach $1.2 Trillion by 2027
Morgan Stanley forecasts that global cloud computing capital expenditures will reach $1.2 trillion by 2027, marking a 30% increase year-over-year. This projection is $170 billion higher than previous estimates made in the second quarter. The firm noted that the four major U.S. hyperscale cloud service providers are still facing capacity constraints due to ongoing demand for artificial intelligence exceeding supply. This significant increase in spending highlights the growing importance of cloud infrastructure as businesses continue to invest heavily in digital transformation and AI capabilities. Companies like Alphabet, Amazon, and Meta have raised their capital expenditure guidance for 2026, reflecting their commitment to expanding cloud services. In contrast, Microsoft has maintained its spending outlook, indicating a more cautious approach amidst rising competition. Looking ahead, stakeholders should monitor how these spending trends evolve, especially as demand for AI continues to surge. The capacity limitations faced by major cloud providers could impact service availability and pricing strategies. No further timeline was disclosed at the time of publication.
AgiBot Plans Hong Kong IPO with Citic, CICC, and Morgan Stanley as Sponsors
AgiBot, a leading Chinese robot manufacturer, is pursuing an initial public offering (IPO) in Hong Kong, enlisting Citic, CICC, and Morgan Stanley as sponsors. The company aims for a valuation between HK$40 billion (approximately US$5.10 billion) and HK$50 billion, as reported by Reuters in 2025. This IPO is significant as it marks AgiBot's strategic move to expand its capital base and enhance its market presence in the robotics sector. The anticipated valuation reflects the growing interest and investment in robotics and automation technologies, which are increasingly vital in various industries. Investors should monitor AgiBot's progress toward the IPO, as it could set a precedent for future listings in the robotics industry. No further timeline was disclosed at the time of publication.
SpaceX's $1.75 Trillion Valuation Driven by Starmind's Future Potential
Starmind is a pivotal element in SpaceX's estimated $1.75 trillion IPO valuation, despite currently generating no confirmed revenue. The stock price reflects optimistic projections regarding AI infrastructure growth, which Starmind has yet to substantiate. As of early July 2026, SpaceX's stock has decreased from its 52-week high of $225.64 to around $150, indicating market skepticism about future execution. The significance of Starmind lies in its potential to transform SpaceX's revenue model beyond traditional launch services. Goldman Sachs has shifted its focus from Starlink subscriber growth to the prospects of AI revenue, including orbital computing, as a cornerstone of SpaceX's long-term valuation. This marks a substantial change in how analysts view the company's growth trajectory, necessitating rates exceeding its historical 33% growth. Looking ahead, the credibility of Starmind as a growth narrative will be crucial for maintaining investor confidence. Analysts have noted a considerable divergence in price targets, reflecting uncertainty about the value of the Starmind and xAI initiatives. No further timeline was disclosed at the time of publication regarding specific milestones for these projects.
Global robotaxi market set to hit US$1t by 2040 as China tech costs plummet: Morgan Stanley
The global robotaxi market is projected to reach a value of $1 trillion by 2040, as highlighted in a recent report by Morgan Stanley. The investment bank's analysis, released on Friday, indicates that Chinese companies such as Baidu, Xpeng, and WeRide are poised to emerge as regional leaders in this burgeoning sector, competing alongside established global players like Tesla and Waymo. The forecast emphasizes that declining manufacturing costs in China will serve as a significant yet often overlooked catalyst for the industry's growth. With advancements in supply chain efficiency, the cost of components for Chinese-manufactured robotaxis is expected to decrease, further enhancing their competitive edge. This combination of innovation and cost reduction positions these companies to capitalize on the expanding demand for autonomous transportation solutions in the coming years.
Tesla (TSLA) Delivery Outlook Improves as Morgan Stanley Keeps Equal Weight Rating
Morgan Stanley has improved its delivery outlook for Tesla, Inc. (NASDAQ: TSLA), anticipating strong delivery numbers for the second quarter of 2026. On June 26, the investment firm maintained its equal weight rating on Tesla's stock, citing unexpectedly robust sales trends in Europe and China as key factors. As a result, Morgan Stanley has raised its delivery estimates for Tesla to 413,000 units, up from a previous estimate of 373,000. Despite this positive adjustment, the firm remains cautious about Tesla's energy storage business and has kept its price target at $415. This cautious stance reflects concerns over the company’s energy storage deployments, even as it acknowledges the potential of Tesla's advancements in autonomous driving and robotics.
Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
Morgan Stanley has revised its forecast for Tesla's second-quarter vehicle deliveries, anticipating a total of approximately 413,000 units, up from an earlier estimate of 373,000. This adjustment, made on June 29, 2026, is attributed to unexpectedly strong sales trends in Europe and China, with vehicle registrations significantly surpassing last year's figures. In Europe, registrations have shown a robust recovery since April, while in China, domestic sales rebounded in May, ending a two-month decline. Despite U.S. sales lagging behind last year's performance, the trends in this region still exceeded Morgan Stanley's previous expectations. The brokerage has maintained its price target for Tesla at $415 but remains cautious about the company’s energy storage business, forecasting second-quarter deployments of 11.8 GWh, which is below the market consensus of 14.3 GWh due to delays in project timelines. However, Morgan Stanley expects a rebound in energy storage installations in the latter half of the year, aiming for a total of approximately 55 GWh for 2026. In light of the improved delivery outlook, Morgan Stanley has also increased its earnings forecasts, raising its adjusted EBITDA estimate for the second quarter by 11% and slightly adjusting full-year revenue and profit projections. Following this news, Tesla shares rose by 1.2% to close at $379.71, with a slight increase in after-hours trading.
Morgan Stanley raises China humanoid robot shipment forecast to 50,000 units
Morgan Stanley has significantly increased its forecast for humanoid robot shipments in China, now estimating 50,000 units for this year, up from a previous projection of 28,000. This adjustment, announced in a report on Tuesday, is attributed to factors such as commercial validation, supportive government policies, and positive supply-chain developments that are driving the adoption of humanoid robots. The investment bank had initially raised its estimate to 28,000 units in January, reflecting a growing interest among Chinese companies, including electric-vehicle manufacturer Xpeng, which have unveiled plans for mass production of these robots.
Morgan Stanley doubles China humanoid robot shipment forecast as commercialization accelerates
Morgan Stanley has significantly upgraded its forecast for China's humanoid robotics market, citing an accelerated pace of early commercial deployment in practical applications. The investment bank's revised outlook reflects growing confidence in the sector, driven by advancements in technology and increasing demand for automation across various industries. This shift comes as companies in China begin to integrate humanoid robots into their operations, enhancing efficiency and productivity. The report highlights a transformative period for the robotics industry in China, suggesting that the market is on the verge of substantial growth as businesses seek innovative solutions to meet evolving challenges.
JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
JPMorgan has reaffirmed its positive outlook on Tesla, Inc. (NASDAQ: TSLA), highlighting the company's potential as a long-term investment. On June 7, 2026, the investment bank upgraded Tesla's stock rating from Underweight to Neutral, citing the market's underappreciation of the company's advancements in autonomous vehicles, humanoid robotics, and energy storage solutions. JPMorgan analysts predict that Tesla's share price could rise to approximately $475 by December 2027, up from a previous estimate of $145. The upgrade is attributed to Tesla's unmatched vertical integration of hardware and software at an industrial scale, which is expected to enhance manufacturing efficiency and reduce costs. The company's ongoing testing of its Optimus humanoid robot at its factories is also seen as a competitive advantage for future commercial sales. Additionally, JPMorgan remains optimistic about Tesla's expanding robotaxi service, which has grown from its initial launch in Austin to include Dallas, Houston, and the Bay Area. The bank notes that Tesla's ability to accumulate over 10 billion Full Self-Driving (FSD) miles and 9 million autonomous vehicles on the road will provide significant network effects. While acknowledging Tesla's investment potential, analysts suggest that certain AI stocks may offer greater upside with lower risk.
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JPMorgan sets jaw-dropping Tesla stock price target
JPMorgan has significantly revised its outlook on Tesla, upgrading the stock from underweight to neutral and raising its price target from $145 to $475. This change, announced on June 5, 2026, by new analyst Rajat Gupta, follows a long-standing bearish stance from the bank under former analyst Ryan Brinkman. Gupta's new target suggests a potential upside of approximately 13% from Tesla's closing price of $418.45 the previous day. The upgrade coincided with JPMorgan CEO Jamie Dimon's invitation to Elon Musk to discuss SpaceX's planned IPO at the bank's Reagan National Economic Forum. Gupta emphasized Tesla's unique position in the physical AI sector, highlighting its vertical integration across hardware and software as a competitive advantage. He forecasts Tesla's revenue could soar to $203 billion by 2030, driven by advancements in robotaxi services, the Optimus humanoid robot, and Full Self-Driving licensing. Despite the upgrade, Tesla shares fell by about 6.6% on the day of the announcement, reflecting ongoing concerns about execution risks in new markets and the need for regulatory approvals for its ambitious projects. Gupta's cautious approach is evident in his decision not to issue a buy rating, acknowledging the uncertainties surrounding Tesla's future developments.
JPMorgan Turns Rosy on Tesla a Day After Dimon Lauds Musk
JPMorgan Chase & Co. has shifted its stance on Tesla Inc. just a day after CEO Jamie Dimon praised Elon Musk during a public discussion about SpaceX. On June 5, 2026, Rajat Gupta, the bank's new lead autos analyst, raised Tesla's stock price target by 228% and upgraded it to a hold, marking a significant change from the bank's previous sell recommendation that had been in place since February 2015. This revision coincides with JPMorgan's involvement in the anticipated initial public offering of Musk's Space Exploration Technologies Corp., which is expected to be the largest IPO in history. During a livestreamed event at JPMorgan's headquarters, Dimon lauded Musk's ambitions and innovations, referring to him as "the Edison of our time." Following this, Gupta highlighted Tesla's unique advantage in vertical integration, which he believes is still underappreciated. Despite the upgrade, Tesla's shares fell 6.6% to $391 amid a broader market decline, reflecting ongoing skepticism about the company's earnings potential despite a rising average price target among analysts. Other firms, including Erste Group, also upgraded their ratings for Tesla, indicating a growing optimism about the company's sales and profits, although concerns about its high valuation persist. As analysts grapple with the disparity between Tesla's stock price and its fundamentals, the market remains cautious, with many questioning the sustainability of its growth amid significant capital spending and potential legal challenges.
Morgan Stanley Sees Potential for China's Humanoid Robots to Mirror Electric Vehicle Success, McKinsey Offers Caution: Shift from Vertical Integration to Platformization
A recent report from Morgan Stanley indicates that China's humanoid robots may mirror the rapid growth seen in the electric vehicle sector, potentially enhancing the country's share of global exports. This development comes as China seeks to expand its technological footprint on the world stage. However, McKinsey has raised concerns about significant supply chain challenges that could hinder this progress. Despite China's strong manufacturing capabilities, the report highlights that the availability of essential components remains a critical obstacle. As the nation pushes forward in the robotics industry, addressing these supply chain issues will be crucial for realizing its ambitions in the global market.
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RoboSense Achieves Global Recognition, Secures Dual Rankings in Morgan Stanley's Humanoid Robotics Report
RoboSense has garnered recognition in a recent report by Morgan Stanley for its outstanding achievements in the global robotics sector. The company has reported the highest sales of 3D LiDAR technology, reflecting its significant growth across various robotics markets. This acknowledgment highlights RoboSense's role as a leading player in the AI and robotics industry, showcasing its commitment to technological innovation and market leadership.
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Morgan Stanley issues blunt take on Tesla stock after earnings
A recent incident involving a major airline has drawn significant attention after a flight experienced severe turbulence, resulting in injuries to several passengers. The event occurred on a flight from New York City to Los Angeles on Thursday afternoon. Passengers reported that the turbulence struck unexpectedly, causing chaos in the cabin as flight attendants struggled to maintain order. Emergency services were waiting at the Los Angeles airport upon the flight's arrival, where paramedics treated those injured, with reports indicating that at least five individuals required hospitalization. The airline has stated that they are conducting a thorough investigation into the incident to understand the causes of the turbulence and ensure passenger safety in the future. This incident highlights the unpredictable nature of air travel and the importance of adhering to safety protocols during flights. The airline has reassured passengers of their commitment to safety and has offered support to those affected by the turbulence.
Morgan Stanley’s "Humanoid Tech 25": Betting on the Components, Not the Brands
A recent report from a prominent investment bank urges investors to shift their focus from high-profile original equipment manufacturers (OEMs) to the essential components of the supply chain, often referred to as the "picks and shovels." This sector, which includes critical technologies such as artificial intelligence systems and mechanical components, is projected to drive a $5 trillion industry. The report highlights the importance of investing in these foundational elements, suggesting that they will play a crucial role in the industry's growth and sustainability. As the market evolves, the bank emphasizes that understanding and capitalizing on these underlying technologies could yield significant returns for investors.
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Morgan Stanley Survey: Chinese Companies Want Humanoids, But the Products Aren't Ready
A recent survey has found that a significant majority of Chinese executives, 62%, intend to integrate humanoid robots into their operations within the next three years. Despite this ambitious outlook, only 23% of these leaders express satisfaction with the current state of robot technology. This disparity highlights a growing interest in automation and advanced robotics among Chinese businesses, driven by the need for increased efficiency and innovation in a competitive market. The executives' plans reflect a broader trend towards embracing cutting-edge technology, even as they acknowledge the limitations of existing solutions. The survey underscores the urgency for advancements in robotic capabilities to meet the expectations of industry leaders.
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RoboSense joins Morgan Stanley’s global top 100 in humanoid robotics
Shenzhen-based RoboSense has been recognized in the recently published "The Humanoid 100: Mapping the Humanoid Robot Value Chain," a prestigious global ranking by Morgan Stanley that highlights the top 100 companies in the humanoid robotics sector. This acknowledgment places RoboSense alongside prominent industry giants such as NVIDIA, Microsoft, Google, and Tesla. The inclusion underscores RoboSense's significant contributions to the evolving field of robotics, reflecting the company's commitment to innovation and its growing influence in the global market.
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