马斯克的 TeraFab 计划，凸显出人工智能及电动汽车企业在保障芯片长期供应方面面临的压力正 不断加大。但从黄仁勋的表态来看，要复制全球顶尖的半导体制造能力，绝非短期建设就能完 成，而是一项需要跨越数代人努力的艰巨挑战。 （来源 ：半导体芯闻综合 ） 2026 年 1 月 30 日，黄仁勋发表讲话时，针对马斯克提出的建造并运营一座名为 "TeraFab" 的 超大规模晶圆厂计划作出了上述评论。该晶圆厂旨在为特斯拉的人工智能芯片与车载芯片提供长 期稳定的供应保障。 "建造晶圆厂绝非易事。" 黄仁勋指出，尽管生产设备可以通过采购获得，但真正的制造能力，取 决于数十年积累的工艺研发经验、复杂的设备整合技术，以及高度协同的供应链体系。他以台积 电等行业龙头企业为例，佐证先进芯片制造领域的成功关键在于持续稳定的技术落地能力，而非 单纯的资金投入。 供应链安全驱动马斯克的晶圆厂雄心 随着特斯拉对定制化人工智能处理器、自动驾驶硬件及车载计算系统的需求持续攀升，马斯克大 力推进自建大型芯片工厂的计划，希望借此降低未来遭遇半导体供应短缺的风险。 科技媒体 Wccftech 去年 11 月曾援引黄仁勋的观点称，即便是成熟的科技 ...

Core Viewpoint - The article discusses the rapid development of artificial intelligence (AI) technology and its implications for various industries, highlighting both opportunities and risks associated with AI adoption. Group 1: AI Disruption and Risks - Jon Gray, President of Blackstone, emphasizes that the greatest risk posed by AI is the rapid disruption of specific industries, citing examples such as JPMorgan using AI to replace proxy advisory services [5] - Blackstone is actively assessing the risks associated with AI disruption, while also recognizing the potential for AI to drive significant productivity gains and enhance profit margins across many sectors [5] Group 2: Power Supply Risks - A report indicates that up to 151 million Americans face a high risk of power shortages or blackouts in the next five years due to extreme weather, fragile natural gas systems, and surging electricity demand [6] - The North American Electric Reliability Corporation (NERC) highlights that the threat level has significantly increased compared to the previous year, driven by aging infrastructure and the overload from expanding data centers [6] Group 3: Mergers and Acquisitions - SpaceX is reportedly considering a merger with Tesla or xAI, reflecting Elon Musk's strategy to integrate his business ventures [7][8] - Investors are pushing for the feasibility of a merger between SpaceX and Tesla, as well as a potential integration with xAI before an initial public offering (IPO) [8] Group 4: Software Sector Concerns - Concerns over AI disrupting traditional software licenses and workflows have led to a bear market for software stocks, with ServiceNow experiencing a 10% drop [9] - The North American Technology Software Index ETF (IGV) fell by 5.4%, marking its largest single-day decline since April 2025, and has dropped approximately 22% from recent highs, indicating a formal entry into bear market territory [9] Group 5: Major Corporate Developments - Amazon is reportedly in talks to invest up to $50 billion in OpenAI, with the latter's valuation potentially reaching $830 billion [12] - Apple reported first-quarter revenue of $143.76 billion, exceeding expectations with a 16% year-over-year growth, driven by strong iPhone sales [13][14]

Core Viewpoint - Tesla's Q4 2025 earnings report exceeded market expectations in revenue and earnings per share, but the overall financial performance showed weakness, leading analysts to downgrade the stock rating from "Buy" to "Hold" [2][3][31] Financial Performance Summary - Tesla reported Q4 2025 revenue of $24.9 billion, surpassing expectations by $140 million, but experienced a year-over-year revenue decline of 3.1% and a 17% drop in non-GAAP earnings per share [10] - Operating cash flow decreased by 21% year-over-year, and free cash flow fell by 30% to $1.42 billion [11] - The core automotive business revenue plummeted by 11% to $17.693 billion, while energy production and storage revenue grew by 25% to $3.837 billion, and services and other revenue increased by 18% to $3.371 billion [11] Business Outlook - Analysts express concerns about the declining automotive business, which saw a 10% year-over-year revenue drop for 2025, significantly worse than General Motors' 1.3% decline [12] - Tesla plans to phase out the Model S and Model X to focus on the production of the Optimus robot, indicating a shift in priorities [13][14] - The company aims to maintain a significant automotive business scale, with Model 3 and Model Y expected to account for 96.7% of production in 2025 [15][16] Future Investments - Tesla is expected to invest over $20 billion in capital expenditures in 2026, a significant increase from $8.527 billion in 2025, focusing on six new factories and AI infrastructure [17][18] - The development of the Optimus robot and Robotaxi projects is seen as a strategic move, with the potential for substantial future growth [17][18] Robotaxi and Optimus Developments - Tesla's Robotaxi service began operations in Austin in December 2025, with plans to expand to seven major cities by mid-2026 [21][22] - The company is optimistic about the potential of the Optimus robot, with plans for mass production by the end of 2026 [19][20] Valuation Concerns - Tesla's valuation remains high, with a static P/E ratio of 249 and a free cash flow yield of approximately 222 times, reflecting market expectations of future growth rather than current performance [25][26] - The global Robotaxi market is projected to grow significantly, with a compound annual growth rate of 52.54% from 2025 to 2034, highlighting the potential for Tesla's future business [25][26] Market Sentiment - Despite the ongoing upward trend in Tesla's stock price, recent performance indicates investor caution, as the stock fell 3.45% following the earnings report [28] - Analysts recommend waiting for more evidence of the Robotaxi's operational viability before making further investment decisions [31]

Market Overview - U.S. stock markets are expected to open lower due to a tech-led sell-off and ongoing corporate earnings digestion [1] - Nasdaq 100 futures declined 1.06%, S&P 500 futures fell 0.86%, and Dow futures slipped 0.81% [2] - Precious metals, including gold, saw significant declines, with gold's price dropping 2.8% to $5,205 per ounce [2] - Oil prices have also retreated amid easing geopolitical tensions in the Middle East [2] Major Market Indexes - On January 29, 2026, the S&P 500 closed down 0.1% at 6,969.01 after nearing its all-time high [3] - The Dow Jones Industrial Average gained 55.96 points, or 0.1%, finishing at 49,071.56 [3] - The Nasdaq Composite fell 0.7% (172.33 points) to 23,685.12, indicating a shift towards defensive sectors [3] Economic Data and Events - Key economic data releases today include the January jobs report, focusing on payroll growth, unemployment rates, and average hourly earnings [4] - Upcoming data includes the January ISM manufacturing index, December job openings, and housing starts [4] - Japan's Tokyo CPI is also being monitored as a leading indicator for national inflation trends [4] Federal Reserve Appointment - Anticipation surrounds President Trump's nomination of Kevin Warsh as the next Federal Reserve chair, which could lead to rising U.S. Treasury yields [5] - Warsh is known for his inflation hawk stance and criticism of the Fed, potentially signaling a shift in monetary policy [5] Corporate Earnings and Stock Movements - Major companies reporting earnings include Exxon Mobil, Chevron, American Express, Verizon, and Regeneron Pharmaceuticals [6] - Microsoft experienced a 10% drop despite strong quarterly results, as investors focused on future growth and investments [7] - Tesla's stock fell 3.5% despite exceeding profit expectations, with CEO Elon Musk redirecting focus to future ventures [11] - Sandisk Corporation surged over 19% in premarket trading after reporting exceptional earnings driven by AI demand [11] - Apple reported a 16% year-over-year revenue increase but saw flat premarket trading [11] - Southwest Airlines stock rose 18.7% despite missing profit forecasts, buoyed by an optimistic earnings outlook [11] - IBM's stock climbed 5.1% after surpassing profit and revenue expectations [11] - ServiceNow dropped 9.9% despite reporting stronger-than-expected profits [11] - Texas Instruments saw a market surge of over 7% following a favorable capital return strategy [11] - Other notable premarket movers include Deckers Outdoor Corporation up 12.71% and ResMed Inc. up 3.95% [11]

October 2025: Incident at 18 mph 据IT之家信息，日前，美国国家公路交通安全管理局（NHTSA）数据显示，2025年7月至11月，特斯拉Robotaxi车队（自动驾驶出租车）在累计行驶约50 万英里期间共报告9起低速碰撞事故，平均每5.5万英里发生一次（事故），事故率是人类司机的9倍。相比之下，美国人类司机平均每20万至50万英里才 发生一次事故。 另外，特斯拉Robotaxi信息透明度也引发了关注。在NHTSA 数据库中，特斯拉提交的每一份 Robotaxi 事故叙述均遮盖"[REDACTED， MAY CONTAIN CONFIDENTIAL BUSINESS INFORMATION]（已编辑，可能包含商业机密）"。外界只能确认发生了何种类型的事故，例如 Robotaxi 撞到骑行者、造成 轻微伤害或在时速 27 英里时撞击动物，但无法获知具体经过。 According to NHTSA's Standing General Order crash reports, Tesla has reported 9 crashes involving its robotaxi fl ...

以下文章来源于董车会 ，作者关注明日出行的 造车新时代，明日出行家 董车会 . Model S 和 Model X两款车型 即将在2026年第二季度停产。 文 ｜ 芥 末 来源｜ 董车会 （ID：Time2Drive） 封面来源 ｜ Unsplash 马斯克刚刚在特斯拉财报会议上宣布，Model S和Model X两款车型即将在2026年第二季度停产。 这两款曾经引领全球汽车工业电动化浪潮的旗舰车型,在发布十多年后即将谢幕。 Model S于2012年首次发布，Model X紧随其后于2015年问世。 在那个燃油车仍占据绝对主导地位的年代，这两款车以科幻般的设计和出色的性能震撼了整个汽车行业，让人们第一次真正相信电动车可以成为豪华车的 未来。 然而时过境迁，曾经的先驱者如今还是走到了终点。 马斯克表示， 取消车辆项目的原因是要为特斯拉弗里蒙特工厂腾出空间，用于生产其Optimus人形机器人。 现在是时候以光荣退役的方式结束Model S和X项目了，因为我们真正迈向了一个基于自主权的未来，所以如果你有兴趣买Model S和X，现在是下单的好 时机。 尽管特斯拉在这十多年间多次为Model S/X更新内饰、动力总 ...

以下文章来源于定焦One ，作者定焦One团队 定焦One . 深度影响创新。 来源丨定焦One（dingjiaoone） 作者丨金玙璠 编辑丨魏佳 图源丨Midjourney 一边是净利润腰斩，一边是股价创新高。 这就是特斯拉2025年的 状 况 。1月29日，其披露的2025年第四季度及全年财报 显示， 核心的汽 车业务完全失速：全年交付163.6万辆，连续第二年下滑；全球电动车销冠的宝座被比亚迪夺走；汽 车业务全年营收（695.3亿美元）同比下降10%， 毛利率跌至15.4% （ 剔除监管积分收入后 ） ， 单车毛利润为4742美元 （约合3.3万人民币） 。 马斯克在财报会上宣布，停产Model S和Model X，产品线收缩。 价格战的阴影下，特斯拉全年总收入948.3亿美元，同比下降3%； 净利润 （GAAP） 近乎腰斩，从 2024年的70.9亿美元跌至37.9亿美元。 Q4表现更加惨淡，营收249亿美元，净利润仅8.4亿美元，同比暴跌61%。 但资本市场却将特斯拉的股价推到了历史新高。从2025年年初到4月，因公司基本面承压、马斯 克"沉迷"政治，股价一度跌至221美元的低点。 但从4月马斯克 ...

特斯拉正迈入一个有趣的「过渡期」里。 一方面，它们的汽车业务连续两年下跌：刚刚过去的 2025 年，特斯拉整体交付量减少 15.3 万辆，汽车营收同比缩水 10%。全球纯电汽车的销冠位置正式 被比亚迪取代，未来可能还会进一步拉大差距。 但另一方面，马斯克本人似乎对这种下跌并不担忧。在谈到 2026 年规划时，他不仅忽略了几乎所有和卖车有关的话题，反而宣布了一笔高达 200 亿美元 的资本支出规划。这笔支出，将用在包括人形机器人 Optimus、无人车 Cybercab 等在内的六条全新生产线，以及和模型训练有关的算力建设上。 特斯拉目前的产能规划 | 图源：业绩报告 彭博社估算，在汽车业务增长停滞的情况下，预计 2026 年特斯拉的账上将减少 60 亿美元。 多年以来，外界对马斯克宣传的「特斯拉是一家 AI 公司」褒贬不一。争议很大程度在于他关于自动驾驶、机器人的各种承诺不断跳票，市场始终没有看 到相对完整清晰的商业模式。这一次，在这 200 亿美元的资本计划里，马斯克显然透露了更多关于如何实现梦想的「路径」和「线索」。 当全球车企的主流叙事已经收敛到关于决赛圈争夺的时候，擅长反共识的特斯拉，已经悄然进入了一 ...

关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 据多家媒体29日报道，美国企业家埃隆·马斯克正考虑整合旗下资产，从而推进太空算力布局。 据知情人士向美国彭博新闻社披露，马斯克正考虑合并太空探索技术公司(SpaceX)和他旗下人工智能企业xAI公司的可能性，或是合并太空 探索技术公司和特斯拉公司。 报道称，马斯克在太空部署人工智能数据中心的设想将可能通过上述不同路径实现。如果工程技术允许，其中一个方向是，太空探索技术 公司在轨数据中心将为xAI输送庞大算力。另一个方向是，特斯拉制造储能系统的能力，将可帮助太空探索技术公司在太空利用太阳能运行 这些数据中心。 知情人士说，马斯克尚未作出最终决定，细节可能会变化，相关公司也可能保持独立。马斯克还探讨了使用太空探索技术公司新一代重型 运载火箭"星舰"将特斯拉"擎天柱"机器人运送到月球和火星。 路透社当天率先报道太空探索技术公司可能与xAI合并一事。据一名知情人士披露，两家企业可能换股。 据彭博社报道，太空探索技术公司正考虑6月首次公开募股(IPO)，募集多达500亿美元。 来源：新华社 男子用SIM卡炼出191克黄金，价值21万元？当事人最新回应 福耀科 ...

国家/地区 中国 行业 机械设备行业 报告发布日期 2026 年 01 月 30 日 核心观点 投资建议与投资标的 特斯拉公司在 25Q4 电话会上透露将加大投资机器人产线，有望进一步提升市场的信心， 并带来投资机会。相关标的：拓普集团(601689，买入)、三花智控(002050，买入)、五 洲新春(603667，未评级)、恒立液压(601100，未评级)、震裕科技(300953，买入)。 风险提示 厂商生产不及预期、场景需求落地不明确导致低于预期、国家政策变化导致行业发展放 缓、行业融资不及预期、模型发展和数据采集慢于预期、订单执行效果低于预期、产品 降价风险。 机械设备行业 行业研究 | 动态跟踪 特斯拉将加大投资机器人产线，Optimus 量产确定性提升 ——机器人产业跟踪 杨震 执业证书编号：S0860520060002 香港证监会牌照：BSW113 yangzhen@orientsec.com.cn 021-63326320 | 油价回升有望提高油服景气度，关注高竞 | 2026-01-29 | | --- | --- | | 争力企业：——油气装备跟踪 | | | 特斯拉计划 27 年向公众销售 ...