2026.01. 30 作者 | 第一财经 胡弋杰 当地时间1月29日，美股主要股指涨跌互现。微软在公布季度财报后大幅下挫，拖累纳指和标普500 指数走低，与此同时，中东地缘政治紧张局势升温，推动国际油价跳涨。避险需求也一度推动金价盘 中短暂冲高至每盎司5500美元上方，但随后交易员集中获利了结，价格迅速回落。 截至当天收盘，道琼斯工业平均指数上涨55.96点，报49071.56点；标普500指数下跌9.02点，报 6969.01点；纳斯达克综合指数下跌172.33点，报23685.12点。 隔夜，微软重挫10%，创下自2020年3月以来最大单日跌幅，市值单日蒸发约3570亿美元。市场对其 上一季度创纪录的人工智能资本支出感到不安，担忧高强度投入可能侵蚀软件业务的盈利能力，这一 情绪也蔓延至其他科技股。 这一下跌盖过了Meta公布强劲季度业绩后的大涨表现。Meta股价当日上涨10.4%。特斯拉在公布财 报后下跌3.5%。 其他大型科技股走势分化。英伟达上涨0.52%，苹果上涨0.72%；谷歌A类股与C类股分别上涨0.67% 和0.71%。亚马逊下跌0.53%，超威半导体下滑0.22%，博通下跌0.75%。 | ...

当前，在政策引领、技术突破与市场需求的共振驱动下，中国具身智能产业正迈入快速发展的新阶段。在此背景下，资本市场布局也日益活跃。公开资料 数据显示，2025年前11个月具身智能产业融资额达到334.73亿元，是2024年同期的4倍；截至2025年12月21日，全年融资事件超305起，总额超过380亿 元，参与的投资机构数量超过600家。资本的密集涌入，充分印证了产业发展的潜力与市场信心。这种信心，根植于社会经济发展中持续涌现的明确而迫 切的替代需求。随着人口老龄化加剧与劳动力结构性短缺等问题持续凸显，社会对能够替代人工、承担高风险任务并提升产线效率的智能化解决方案需求 日益迫切。传统自动化设备受限于固定场景与预设程序，难以适应柔性制造、人机协作等动态复杂环境，产业升级面临核心瓶颈。为突破这一局限，以人 形机器人为代表的具身智能正在加速演进，逐步形成具备高阶认知能力的"感知-认知-决策-执行"完整技术闭环，并逐步走向规模化量产，以更好地适应多 样化场景需求。由此，具身智能产业的发展主线已从技术攻关延伸至生态构建与商业闭环，标志着产业正式进入价值兑现的关键阶段。 中国具身智能产业已凭借综合优势跻身全球第一梯队 从技 ...

Core Viewpoint - The company is undergoing a significant strategic shift away from being perceived solely as a car manufacturer, focusing instead on robotics, autonomy, and clean energy solutions, which is described as a "burn the ships" moment for the organization [1][4][16]. Group 1: Strategic Shift - The cessation of SNX production symbolizes a profound change in the company's direction, moving away from traditional vehicle manufacturing [2]. - The company plans to invest $20 billion this year to enhance production lines for robots, autonomous vehicles, and batteries, indicating a major strategic pivot [3]. - The focus is now on becoming a transportation services company rather than just a car manufacturer, as evidenced by the discontinuation of the Model S and Model X [16]. Group 2: Financial Implications - The company may experience negative free cash flow this year as it invests heavily in its new strategic initiatives [4]. - The anticipated earnings for 2028 are projected to be around $11 per share, contingent on successful sales of robots and autonomous vehicles [8]. - The company is vertically integrating its operations, including plans to mine and refine lithium and potentially manufacture its own semiconductors, to mitigate geopolitical risks [10][9]. Group 3: Market Dynamics - The proliferation of autonomy could lead to a decrease in overall vehicle sales, as vehicles become more efficient and can be utilized more frequently within a shared network [5][6]. - The company has reported 1.1 million paying Full Self-Driving (FSD) subscribers, indicating a strong push towards integrating FSD capabilities into its vehicle fleet [17]. - The introduction of robo taxis is expected to expand into more markets, with initial operations already underway in cities like Austin and the Bay Area [12][18]. Group 4: Future Outlook - The company aims to scale production of its humanoid robots, with a target capacity of 1 million units per year by 2026 [20]. - The transition from car production to humanoid robots is seen as a critical future direction for the company, with significant implications for its growth trajectory [21][24]. - The company's ambitious plans for a semiconductor fabrication facility could impact its free cash flow but may not significantly affect its stock valuation due to historical investor behavior [26][30].

纳斯达克金龙中国指数收涨0.35%，热门中概股中，蔚来初步收涨3.8%，百胜中国涨1%，腾讯、新东方、理想、小米、美团至多涨超0.9%，阿里跌0.7%， 网易跌1.3%，文远知行跌4.5%，小马智行跌7.9%。 美股三大指数收盘涨跌不一，纳指跌0.72%，标普500指数跌0.13%，道指涨0.11%。科技股涨跌互现，微软下跌10%，市值蒸发3570亿美元；特斯拉跌超 3%，甲骨文跌超2%，Meta涨超10%，IBM涨超5%。 ...

华见早安之声 请各位听众升级为见闻最新版APP，以便成功收听以下音频。 市场概述 微软AI支出引爆忧虑，股价暴跌10%，拖累美股大盘。贵金属巨震。 纳指跌0.72%。微软一度暴跌12%、收跌10%，创2020年以来最大日跌幅，市值蒸发是美股史上第二大。Meta大涨超10%。特斯拉跌超3%。周四美股盘后公 布业绩后，苹果一度涨超2%、闪迪大涨12%。 10年期美债收益率小幅下跌0.6个基点至4.233%。 币圈重挫。比特币大跌6%、至两个月低点。以太坊跌超7%、跌破2800美元。 金价早盘曾大涨3.3%、逼近5600美元历史高位后跳水，一度较日高暴跌近9%，随后跌幅收窄。白银创下121美元的历史新高后，一度重挫超12%。铜价一度 大涨超11%，随后涨势回落、日内纽铜仍涨超6%。美伊局势支撑原油三连涨、日内涨3%，美油站上65美元。 亚洲时段，沪指震荡收涨，白酒爆发、贵州茅台涨逾8%，地产大涨，恒科指跌1%，芯片调整，沪金银铜飙升。 要闻 中国 习近平会见英国首相斯塔默。中英双方在英国首相斯塔默访华期间达成一系列积极成果。 外交部回应：中国已批准进口首批英伟达H200人工智能芯片？黄仁勋：此次访华行程"非常成功" ...

IT之家 1 月 30 日消息，据路透社、彭博社等美媒今日报道，部分投资者正在推动 SpaceX 与特斯拉之 间的潜在合并。与此同时，SpaceX 也在探索与 xAI 合并的可能性，以作为 IPO 之前的另一种选择。 这一动向被视为马斯克考虑整合其企业版图的重要信号。知情人士表示，目前相关讨论仍处于早期阶 段，尚未作出最终决定，相关细节仍可能发生变化，三家公司也可能最终选择维持各自独立运营。 知情人士指出，若交易推进，可能会吸引基础设施基金及中东主权财富基金的浓厚兴趣，并且相关交易 可能需要配套的大规模融资方案。马斯克本人以及 SpaceX、特斯拉和 xAI 的代表均未就此事回应媒体 置评请求。 合并设想与马斯克长期战略相关 SpaceX IPO 计划仍在推进中 多位知情人士表示，SpaceX 正考虑在 6 月左右进行上市，时间点接近马斯克的生日，融资规模或高达 500 亿美元（现汇率约合 3478.04 亿元人民币），有望成为史上规模最大的 IPO；美银、高盛、摩根大 通和摩根士丹利预计将担任重要承销角色。 SpaceX 首席财务官 Johnsen 曾在去年 12 月对员工表示，潜在的 IPO 将为 Sta ...

据知情人士透露，SpaceX已讨论了与特斯拉合并的可行性，这一想法正获得部分投资者的推动。另 外，SpaceX还在研究在首次公开招股(IPO)前与xAI进行合并的可行性。 马斯克 截至发稿，马斯克以及SpaceX、xAI和特斯拉的代表均未回应置评请求。(作者/箫雨) 凤凰网科技讯北京时间1月30日，据彭博社报道，知情人士称，SpaceX正考虑与特斯拉进行合并的可行 性，同时也在评估与xAI的替代性合并方案。这表明，马斯克正在权衡如何整合其商业帝国。 知情人士称，任何此类交易都可能吸引基础设施基金和中东主权投资者的浓厚兴趣。此类交易可能需要 大规模融资安排。 知情人士强调，最终决定目前尚未作出，具体细节仍可能变动，各公司也可能选择维持独立运营。 ...

马斯克说，台积电（2330）、三星及美光等现有供应商，供应特斯拉的芯片量都无法达到该公司所需的 水准，"这对确保我们能抵御地缘政治风险将非常重要。"特斯拉目前主要向三星电子与台积电采购芯 片。 目前还不清楚这座"TeraFab"晶圆厂将设于美国何处，以及具体时程为何。马斯克只有透露，这座晶圆 厂会涵盖制造逻辑芯片、存储器以及封装，特斯拉未来将就TeraFab发出"更重大的公告"。 特斯拉执行长马斯克警告，未来三到四年的成长恐受AI与存储器芯片供应所限，因此必须兴建并自行 营运他形容的超大型晶圆厂"TeraFab"，用来制造半导体。这意味特斯拉将再次跨足电动车业务以外的 领域。 马斯克28日在财报会议上表示，"为了消除三到四年后可能出现的产能瓶颈，我们将必须建造一座特斯 拉TeraFab。""将是一座非常大型的晶圆厂，涵盖逻辑芯片、存储器以及封装，而且会设在国内。" ...

Group 1 - Brett Ashcroft Green is a CERTIFIED FINANCIAL PLANNER™ advocating for early retirement through disciplined, tax-efficient investing [1] - He has a background in private credit and commercial real estate mezzanine financing, having worked as a business director at a large family office [1] - His experience includes working with high-net-worth and ultra-high-net-worth families across the U.S. and Asia, with significant time spent in China [1] - Brett is fluent in Mandarin Chinese in both business and legal contexts and has served as a court interpreter [1] - He has collaborated with notable commercial real estate developers such as The Witkoff Group, Kushner Companies, The Durst Organization, and Fortress Investment Group [1]

Core Viewpoint - Hybrid Power Solutions Inc. continues to lead the clean energy transition despite economic challenges in Canada and the US, showcasing its innovative fuel-free power solutions through various active demonstrations and pilot programs [2][3]. Business Highlights - The company has over 20 active demonstrations and pilot programs in real-world settings, including military operations and construction sites, which are crucial for driving future orders [3]. - Hybrid Power Solutions received an advance purchase order for 12 Spark units and one Terra unit, with production starting in December 2025 [7]. - The company launched the Solar Tarp, a modular solar power solution, and showcased it at the GCXpo in September 2025 [7]. - Strategic partnerships have been established with companies like Groovy Energy Ltd. and Tire Butler for product distribution [7]. Financial Highlights - For the period ending November 30, 2025, the company reported a net loss of $871,826, compared to a net loss of $559,914 for the same period in 2024 [12]. - Revenue for the same period was $279,445, a significant decrease from $1,033,133 in the previous year [12]. - The company announced a non-brokered Life Offering to raise between Cdn $1 million and Cdn $2 million, closing the financing on January 19, 2026, with a total of $1,079,925 raised [8]. Technological Advancements - The Solar Tarp is a patent-pending, lightweight solar solution using durable CIGS panels, designed for versatile installation and rapid setup [4]. - The company is developing an AI-powered IoT platform for fleet management, currently in beta testing with select customers [5]. - Ongoing advancements in manufacturing and R&D are aimed at enhancing production scalability and efficiency [6].