HK Stock Market Move | Zhejiang Sanhua Intelligent Controls (02050) drops another 3%, Goldman Sachs points out that its Siasun Robot & Automation's expectations are too high. The market is paying attention to Tesla's trillion-dollar compensation plan.

Zhejiang Sanhua Intelligent Controls (02050) fell by over 3%, dropping by 3.06% to 34.9 Hong Kong dollars, with a trading volume of 2.93 billion Hong Kong dollars as of the time of writing. On the news front, it was reported that the Norwegian sovereign wealth fund stated on Tuesday that it will vote against Musk's compensation plan at the Tesla shareholder meeting. The largest public pension fund in the United States, Calpers, recently announced that it plans to vote against Tesla's trillion-dollar compensation plan for Musk. It is reported that Tesla will hold its annual shareholder meeting on November 6. Analysts point out that the voting results will be a watershed moment for Tesla's fate, determining its long-term strategic direction in the fields of autonomous driving, artificial intelligence, and Siasun Robot & Automation. In addition, Goldman Sachs recently downgraded Zhejiang Sanhua Intelligent Controls to a "neutral" rating in a research report, stating that the expectations for humanoid Siasun Robot & Automation are too high. According to Goldman Sachs' calculations, the current valuation of Zhejiang Sanhua Intelligent Controls' A shares implies an expected shipment of 900,000 to 2 million units of Tesla's Optimus Siasun Robot & Automation (assuming a market share of 30% to 70% for Sanhua actuators). However, Tesla has clearly stated its goal of achieving 1 million units of Siasun Robot & Automation shipments by 2030, which seems difficult to achieve in the short term (within the next 12 months).