1月29日，挪威央行投资管理（Norges Bank Investment Management）正式发布 2025 年年度投资报告。 数据显示，全球最大主权财富基金之一的挪威政府全球养老基金（Government Pension Fund Global，GPFG）在2025年实现15.1%的整体回报率，基金规模 于2025年12月31日达到21.268万亿挪威克朗（约合15.47万亿人民币）。 从基金规模变动细节来看，2025年基金会计收益达2.362万亿克朗（约1.72万亿人民币），但受挪威克朗对多国主要货币升值影响，汇率因素导致基金价值 缩水。同时，扣除管理费用后的资金净流入为319亿克朗，多重因素共同作用下，基金全年规模净增1.526万亿克朗。 从资产类别表现来看，权益类投资成为基金收益的核心驱动力。2025年，基金股票投资回报率高达19.3%，显著跑赢其他资产类别。其中，科技、金融及 基础材料板块表现尤为突出，贡献了权益投资的主要收益。挪威央行投资管理首席执行官尼古拉・丹根（Nicolai Tangen）在声明中强调："2025年基金交 出了极具说服力的成绩单，科技、金融与基础材料领域的优质股票持续 ...

Group 1: Banking Sector - Some banks have adjusted their deposit rates for accumulated gold business, with one bank's current interest rate dropping to 0% [2] - Ningbo Bank announced changes to its fixed deposit rates effective January 28, 2026, with rates set at 0% for current accounts, 0.3% for 1-month and 3-month deposits, 0.4% for 6-month deposits, and 0.5% for 12-month deposits [2] - Certain banks have increased the minimum purchase threshold for accumulated gold, and state-owned banks now require personal customers to undergo risk assessment for accumulated gold business [2] Group 2: Automotive Sector - Tesla reported better-than-expected Q4 earnings, leading to a 3% increase in its stock price post-announcement [4] - Despite the positive quarterly results, Tesla's annual revenue declined by 3%, marking the first annual revenue drop in the company's history [4] - Tesla plans to launch the third-generation Optimus robot, aimed at mass production and capable of performing various tasks, including factory work and childcare [4][7] - CEO Elon Musk indicated that production of Model S and Model X will gradually cease as the Fremont factory transitions to producing the Optimus humanoid robot [4] Group 3: Federal Reserve - The Federal Open Market Committee (FOMC) decided to maintain the federal funds rate target range at 3.5% to 3.75%, marking the first pause after three consecutive rate cuts [6] - The market is more focused on the selection of the next Federal Reserve Chair, as current Chair Jerome Powell's term ends in May 2026, although he can remain on the board until 2028 [6] - Powell emphasized the importance of the Fed's independence and suggested that his successor should remain politically detached [6] Group 4: Aviation Sector - The China Air Transport Association released a draft regulation aiming to standardize seat selection services for public air transport, ensuring passenger rights [6] - The draft proposes that at least 70% of economy class seats on domestic flights must be available for free selection, while international flights must have at least 65% [6] - Paid seat selection will only be permitted for international and regional flights, with domestic flights prohibited from offering this service [6] Group 5: Dairy Industry - The Xinjiang dairy company Maichuer is facing a significant operational crisis, with creditors applying for bankruptcy liquidation [9] - The company announced that a creditor has filed for bankruptcy proceedings, which could lead to a risk warning for its stock if accepted by the court [9] - Maichuer's stock price fell by 1.48% to 8.65 yuan per share, following its announcement of substantial losses exceeding 700 million yuan from 2022 to the first three quarters of 2025 [9]

Key Takeaways Tesla's Q4 EPS rose to $0.50, surpassing estimates, while revenues fell 3% Y/Y to $24.9B.Vehicle deliveries dropped 16% Y/Y to 418,227, with Model 3/Y at 406,585 units.Energy revenues surged 25% Y/Y to $3.8B, offsetting some declines in automotive sales.Tesla (TSLA) reported fourth-quarter 2025 earnings per share of 50 cents, which beat the Zacks Consensus Estimate of 45 cents but decreased from the year-ago figure of 73 cents. Total revenues of $24.9 billion missed the Zacks Consensus Estimat ...

Core Insights - Tesla's energy storage business significantly mitigated the impact of a poor earnings report, with a 45% decline in profit compared to 2024, primarily due to reduced electric vehicle sales [1] - The company achieved a record deployment of 46.7 gigawatt-hours of energy storage products in 2025, marking a 48% increase from the previous year [2] - Energy storage now accounts for nearly 25% of Tesla's gross profit, with the Megapack alone contributing $1.1 billion to the storage business's total gross profit of $3.8 billion for the year [2] - The gross margin for energy storage products stands at 29.8%, nearly double that of Tesla's automotive sales [3] Financial Performance - Tesla's storage and energy generation revenues increased by 26.5% to $12.8 billion [2] - The company anticipates recognizing $4.96 billion in deferred revenue from ongoing projects in 2026, more than double the amount recognized in 2025 [4] Market Dynamics - The One Big Beautiful Bill Act (OBBBA) has phased out tax credits for residential energy storage systems, although commercial tax credits for larger products will continue [7] - Despite a decrease in the average selling price of the Megapack, sales volumes increased, indicating heightened competition in the energy storage market [7] - Tesla remains optimistic about the future of its storage business, citing opportunities for energy storage products to stabilize the grid and provide additional power capacity as AI infrastructure drives load growth [9]

Market Overview - S&P 500 slipped 0.01% to 6,978.03, while Nasdaq Composite rose 0.17% to 23,857.45, and Dow Jones Industrial Average inched up 0.02% to 49,015.60 in muted post-Fed trading [1] - Federal Reserve held interest rates steady at a range of 3.5%-3.75%, with expectations of two rate cuts later this year, potentially starting in June [4] Company Performance - Badger Meter experienced an 11.00% drop to $146.32 due to a revenue miss [2] - Tesla reported earnings after market close, beating estimates but showing a decline in revenues [2] - Meta surged in after-hours trading after exceeding analyst expectations, while Microsoft slipped despite better-than-expected results, likely due to concerns over high AI spending [5] - C3.ai rose 4.21% to $13.13 on merger headlines [3] Industry Insights - Upcoming earnings from major tech companies will provide insights into the development of the AI market, amid concerns of elevated prices and potential corrections in 2026 [6]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]

Company Performance - Tesla Inc. reported better-than-expected results for the fourth quarter and plans to invest approximately $2 billion into CEO Elon Musk's artificial intelligence startup, xAI [2] - Tesla is preparing for production ramps of Tesla Semi and CyberCab, set to commence in the first half of 2026 [2] - The company plans to unveil the Gen 3 version of Optimus in the first quarter of this year [2] Market Trends - U.S. stocks traded mixed, with the Dow Jones index gaining around 0.1% while NASDAQ and S&P 500 fell by 0.34% and 0.01% respectively [1] - Communication services shares gained by 2.5%, while information technology stocks fell by 1.7% [1] Commodity Prices - Oil prices increased by 4.9% to $66.29, gold rose by 5.2% to $5,578.80, silver increased by 6.3% to $120.735, and copper rose by 10.8% to $6.5645 [3]

After its earnings announcements, Jim Cramer, America's ancient stockpicker and TV star, said Tesla Inc. ...

Quick Read Tesla (TSLA) commits $20B to robotics. The company is discontinuing Model S and Model X for Optimus production. Tesla Q4 2025 profit fell 61% to $840M despite holding $44.1B in cash. Tesla’s $20B robotics spend represents 21% of annual revenue. Investors rethink 'hands off' investing and decide to start making real money Tesla (NASDAQ:TSLA) CEO Elon Musk declared this week that the company's Optimus 3 humanoid robot will "move the needle" on US GDP, backing the claim with a $20 billion ...

Core Viewpoint - Tesla's CEO Elon Musk claims that the Optimus 3 humanoid robot will significantly impact US GDP, supported by a $20 billion investment in robotics and autonomous vehicles [1] Group 1: Financial Commitments and Performance - Tesla is committing $20 billion to robotics, which represents 21% of its annual revenue [1] - The company reported a 61% decline in Q4 2025 profit, with net income dropping to $840 million [1] - Tesla's cash reserves increased by 173% year-over-year, reaching $44.1 billion, providing a financial buffer for its robotics initiatives [1] Group 2: Strategic Shifts - Tesla is discontinuing the production of Model S and Model X to repurpose factory space for Optimus production, indicating a shift from traditional automotive manufacturing to a focus on robotics [1] - Musk envisions that Optimus robots will be available for public sale by the end of 2027 and predicts they will become as ubiquitous as smartphones [1] Group 3: Market Sentiment and Valuation Concerns - Retail investor sentiment on Tesla has shifted from bullish to bearish, with a notable decline in Reddit discussions about the stock [1] - Tesla's current trading valuation stands at 293 times earnings, raising questions about whether the Optimus initiative can justify this high valuation amid declining EV market share [1] - Musk acknowledged that early production of Optimus will be "agonizingly slow," reflecting a history of missed timelines on previous projects [1]