[JPMorgan: Tesla Optimus Production Guidance 10,000 to 20,000 Units, Supply Chain Focuses on Components] According to a report by Deep Tide TechFlow on October 22, 2026, JPMorgan Chase stated that Tesla's Optimus has begun production in Fremont. Musk gave a pre-sales production guidance of 10,000 to 20,000 units, lower than the most optimistic market expectations; the external commercial delivery target is the end of 2027; the AI5 chip is planned for integration in April 2027, with computing power approximately 10 times that of AI4. JPMorgan Chase believes that mass production ramp-up is gradual, with the hand assembly being the main hardware bottleneck, and supply chain opportunities shifting from complete machines to components. They favor Hengli Hydraulics and Sanhua Intelligent Control (overweight), Green Harmonic and Orbbec (overweight), Huichuan Technology and UBTECH (neutral), and Estun and Unitree Automation (underweight).