证券日报网讯1月29日，音飞储存（603066）在互动平台回答投资者提问时表示，公司曾向特斯拉(上 海)有限公司提供仓储设备，但相关业务规模较小，对公司经营业绩未构成重大影响。目前，公司与特 斯拉未涉及其他业务领域的合作。 ...

分组1 - The company specializes in providing daily-rebalanced ETP products that include leveraged, unleveraged, inverse, and inverse leveraged factors [3] - The research focuses on macroeconomic assessments, strategic sector viability, and market data trends to inform investment decisions [1] - The company has a particular interest in Asian markets, including India and China, and conducts in-depth analyses of businesses and economic trends in the region [1] 分组2 - The company does not hold any stock or derivative positions in the companies mentioned in the articles and has no plans to initiate such positions in the near future [2] - The company's assets under management (AUM) are primarily influenced by investor interest in its products rather than market movements [3]

Core Viewpoint - The article emphasizes the investment philosophy focused on identifying mispriced securities through understanding the financial drivers of small cap companies, utilizing DCF model valuation to assess risk-to-reward dynamics. Group 1: Investment Philosophy - The investment strategy is centered on small cap companies across US, Canadian, and European markets [1] - The approach is not confined to traditional investment styles such as value, dividend, or growth investing, but rather considers all prospects of a stock [1] Group 2: Valuation Methodology - A DCF model valuation is highlighted as a key tool in revealing the true value of a company [1] - The methodology aims to uncover potential investment opportunities by analyzing financials and market conditions [1]

Group 1: Tech Earnings Overview - The earnings season for major tech companies, particularly the "Magnificent Seven," has commenced, with investors expecting strong guidance for 2026 and evidence of profitability from AI investments in Q4 [1] - Prominent venture capitalist Bill Gurley predicts a correction in the tech sector due to high burn rates among venture-backed companies, which are reportedly losing more money than Uber and Amazon at their peak [2] - The initial tech earnings reports did not meet all investor expectations, although some companies performed well [2] Group 2: Tesla's Performance - Tesla's recent earnings call revealed a more efficient approach, with a focus on future projects like robotaxis and humanoid robots, despite a 16% drop in total deliveries [3] - Elon Musk expressed a vision for a new era of abundance and indicated plans to build a "TeraFab" for semiconductor manufacturing, which will require significant investment [3] - Analysts noted multiple areas of progress for Tesla, including robotaxi and chip design, but expressed concerns that current stock prices may already reflect this success [3] Group 3: Microsoft's Earnings Call - Microsoft's recent earnings call was criticized for being filled with corporate jargon, leading to confusion among investors regarding the company's current projects [4]

Elon Musk just reframed Tesla Inc (NASDAQ:TSLA) as a potential income stream.On Tesla's fourth-quarter earnings call, the billionaire outlined a future in which owners can add their vehicles to Tesla's autonomous robotaxi fleet. Basically, you can turn idle cars into revenue-generating AI assets."I think it will provide an opportunity for a lot of customers to earn more by lending their car to the fleet than their lease cost to Tesla," Musk said. "You basically get paid to own a Tesla."Tesla's Robotaxi Mark ...

行 业 报 告 汽车 2026 年 01 月 29 日 行业点评 特斯拉引领行业迈向物理 AI 新世界 强于大市（维持） 行情走势图 证券分析师 | 王德安 | 投资咨询资格编号 | | --- | --- | | | S1060511010006 | | | BQV509 | | | WANGDEAN002@pingan.com.cn | | 王跟海 | 投资咨询资格编号 | | | S1060523080001 | BVG944 WANGGENHAI964@pingan.com.cn 事项： 特斯拉发布 2025 年四季度业绩报告，2025 年四季度特斯拉实现营业收入 249.0 亿美元，同比下滑 3%。GAAP 准则下四季度实现归母净利润达到 8.4 亿美元， 同比下降 61%。 平安观点： 汽车·行业点评 2/ 3 证 券 研 究 报 告 行 业 点 评 汽车业务出现下滑，但毛利率表现超预期。2025 年四季度特斯拉实现整 车交付 41.8 万台，同比下滑 16%，而根据乘联分会的数据显示，四季度 特斯拉上海工厂批发销量达到 24.5 万台，占特斯拉四季度交付量的 58.7%。营收方面，四季度汽车业务 ...

Core Insights - The technology sector remains a key growth driver for the U.S. market, with expectations that it will account for nearly half of the S&P 500's earnings growth by 2026, despite a projected decline in overall earnings growth from 9.2% to 5.5% when excluding tech [1] Group 1: Tesla's Financial Performance - Tesla reported Q4 2025 earnings and revenue that exceeded market expectations, but its annual revenue saw a decline for the first time, highlighting challenges in its core automotive business [3] - Q4 2025 total revenue was approximately $25.7 billion, down about 3% year-over-year, with automotive revenue declining 11% to $17.7 billion [3] - For the full year 2025, Tesla's total revenue decreased from $97.7 billion in 2024 to $94.8 billion, a drop of 3%, attributed to reduced vehicle deliveries and declining regulatory credit income [3] Group 2: Meta and Microsoft's Earnings - Meta and Microsoft both reported revenues that exceeded expectations, but their stock market reactions were markedly different, with Microsoft shares dropping over 6% while Meta shares rose nearly 9% [5] - Meta's capital expenditures reached $22.1 billion in Q4 2025, totaling $72.2 billion for the year, a significant increase from $39.2 billion in 2024, with revenues of $59.89 billion for the quarter and $200.1 billion for the year [11] - Microsoft reported a record high capital expenditure of $37.5 billion in Q2 2026, a 66% year-over-year increase, with revenues of $81.3 billion, a 17% increase, but concerns arose regarding the sustainability of growth relative to its high spending [11][12] Group 3: Apple's Upcoming Earnings - Apple is set to release its earnings report, with analysts expecting a revenue increase of approximately 11.1% to between $138.1 billion and $138.4 billion for the upcoming quarter [14] - The previous quarter saw Apple generate $102.5 billion in revenue, a 7.9% year-over-year increase, slightly above Wall Street expectations [14] - Despite positive earnings expectations, Apple's stock has only risen 7.8% over the past 52 weeks, underperforming the S&P 500 and tech sector ETFs [15]

以下文章来源于时代周报 ，作者曹杨 任琰 时代周报 . 记录大时代，深读全商业。互联网新闻信息服务许可证编号：44120230006 1月29日，特斯拉（TSLA.US）发布了2025年第四季度及全年财务报告。 财报显示，特斯拉第四季度营收达 249.01亿美元，同比下降约3%；其中汽车业务收入为176.93亿美元，同比下降约11%。归属于特斯拉普通股股 东的净利润为8.4亿美元，同比下降约61%；非GAAP净利润为17.61亿美元，同比下降约16%。 | (nugunurea) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | ($ in millions, except percentages and per share data) | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 | YoY | | Total automotive revenues | 19,798 | 13,967 | 16,661 | 21,205 | 17,693 | -11% | | Energy gener ...

CNBC 蒋钰：特斯拉当地时间周三公布的第四季度业绩好于预期，但特斯拉全年营收同比下降3%，创 下该公司有史以来首次年度营收下滑。 第四季度特斯拉的每股收益调整后为50美分，超出市场预期的45美分，营收为249亿美元，同样高于预 期。财报显示，特斯拉全年营收从2024年的977亿美元降至2025年的948亿美元。还值得关注的就是，隔 夜特斯拉的CEO马斯克宣布要精简车型阵容，并且在股东支持力度有限的背景下，仍决定要向其旗下的 人工智能公司xAI投资20亿美元。马斯克表示，特斯拉将在下个季度结束旗舰车型Model S和Model X的 生产，并将位于美国加州的工厂转型用于生产Optimus人形机器人。分析认为这标志着特斯拉正在将重 心从汽车转向AI和机器人。 （央视财经《天下财经》）特斯拉精简车型阵容，重心转向AI和机器人。Meta2026年资本支出或高于 市场预期 ，AI投资能否获益仍存疑。微软云服务表现不及预期，过度依赖OpenAI引发市场担忧。 隔夜Meta公布的第四季度财报显示，营收和利润均超出预期，并发布了强于预期的指引，盘后交易 中，公司股价上涨。四季度Meta每股收益为8.88美元，高于市场预期的 ...

分组1 - U.S. Federal Reserve Chair Jerome Powell's press conference revealed limited insights, with stock futures showing little change and major indexes posting modest gains [1][2] - Meta's shares rose over 8% after beating fourth-quarter earnings expectations and providing strong sales guidance, although its Reality Labs unit reported a wider operating loss of $6.02 billion compared to the expected $5.67 billion [2][3] - Microsoft shares fell 7% despite surpassing Wall Street predictions, attributed to cooling cloud growth and light operating margin guidance [4] 分组2 - Tesla reported stronger-than-expected earnings and revenue for the fourth quarter, leading to a 2% increase in shares, but also noted its first full-year sales decline on record [5][6] - CEO Elon Musk announced the discontinuation of Model S and X production, reallocating resources to build Optimus humanoid robots, and Tesla plans to invest around $2 billion in xAI, a startup competing with OpenAI [6][7] 分组3 - The U.S. dollar index regained some ground after Treasury Secretary Scott Bessent denied intervention reports, despite the index falling over 10% in the past year, leading some to view the dollar as being in a bear market [9][11] - JPMorgan Chase, Bank of America, and Wells Fargo committed to matching the U.S. government's contribution to tax-advantaged savings accounts for children, with additional support from Altimeter Capital and rapper Nicki Minaj [12][13][14]