Changes in Hong Kong stocks | Sanhua Intelligent Control (02050) falls another 3% Goldman Sachs says its robot expectations are too high, and the market is concerned about Tesla's trillion compensation plan

The Zhitong Finance App learned that Sanhua Intelligent Control (02050) fell by more than 3%. As of press release, it was down 3.06% to HK$34.9, with a turnover of HK$293 million.

According to reports, the Norwegian sovereign wealth fund said on Tuesday that it will vote against Musk's compensation plan at Tesla's shareholders' meeting. Calpers, the largest public pension fund in the US, also recently announced that it plans to vote against Tesla's trillion-dollar salary plan granted to Musk. According to reports, Tesla will hold an annual shareholders' meeting on November 6. Some analysts pointed out that the voting results will be a watershed in Tesla's fate and will determine Tesla's long-term strategic direction on the autonomous driving, artificial intelligence, and robotics circuit.

Furthermore, Goldman Sachs recently released a research report downgrading Sanhua Intelligent Control to “neutral,” saying “expectations for humanoid robots are too high.” According to Goldman Sachs estimates, the valuation corresponding to the current A-share price of Sanhua Intelligent Control implied the expected shipment of 900,000 to 2 million units of Tesla Optimus robots (assuming 30% to 70% of the Sanhua actuator assembly market share), while Tesla previously clearly aimed to ship 1 million robots by 2030, which is obviously difficult to achieve in the short term (next 12 months).