Tesla didn’t post the kind of quarter that usually lifts a stock. Profit fell sharply, deliveries declined, and margins stayed under pressure. But after-hours trading told a different story — up 4% initially — one that has less to do with cars and more to do with the future investors still want to believe in. By the numbers, the quarter was bruising. Net income dropped 61% from a year earlier, automotive revenue slid 11%, and total deliveries fell by double digits. Costs rose, operating leverage worked i ...

特斯拉公布第四季度收入为249亿美元，2025财年收入为948亿美元，较上年下降3%。每股收益为0.50 美元，高于分析师预期的0.45美元。特斯拉公布净利润为8.4亿美元，较上年同期下降61%。当季自由现 金流为14亿美元，下降30%，因特斯拉在机器人和人工智能(AI)领域投入巨资进行研发。这一数字好于 分析师对于当季自由现金流为负值的平均预期。特斯拉股价在盘后交易中上涨超过3%。 ...

Market Overview - Stocks closed flat after the Fed's decision, with the Dow up 12 points or 0.03% [1] - The NASDAQ closed up 17 basis points, while the S&P 500 slid into the red, avoiding a record closing high [2] - The Russell 2000 closed down about 0.5% after an initial green start [2] Sector Performance - Technology and energy sectors outperformed, both up approximately 0.7% [3] - Consumer staples and real estate sectors led the decline, each down about 1% [3] - Healthcare sector also saw a decline of about 0.75% [4] Company Earnings Meta - Meta reported Q4 EPS of $8.88, with topline revenue of $59.89 billion, exceeding consensus of $58.42 billion [9] - Q4 ad revenue was $58.14 billion, surpassing the expected $56.79 billion [9] - For Q1, Meta forecasts revenue between $53.5 billion to $56.5 billion, above the street estimate of $51.27 billion [9] - Meta's capex for 2026 is projected between $115 billion to $135 billion, higher than the street's estimate of $110.6 billion [10] - Initial market reaction saw Meta's stock down nearly 3% despite strong revenue growth [10] - Analysts remain bullish, with over 90% rating it a buy, citing industry-leading revenue growth and scale advantages [11] Microsoft - Microsoft reported Q2 earnings that beat expectations, but shares fell 6% due to unclear reasons [20] - The company met expectations for its commercial cloud business, but personal computing revenues were in line, leading to a pullback [20] - Microsoft has remaining performance obligations above $600 billion, indicating future revenue [22] - Concerns exist regarding Microsoft's role in AI and its impact on the software business [28][30] Tesla - Tesla's Q4 EPS was $0.50, beating the consensus of $0.45 [22] - Q4 revenue was $24.90 billion, slightly below the estimate of $25.11 billion [22] - Gross margins were reported at 20.1%, exceeding the expected 17.1% [23] - Tesla's free cash flow was $1.42 billion, below the street's estimate of $1.59 billion [23] - The company is focusing on humanoid robots, projecting significant profit potential in the future [24][25] Investment Insights - Meta's long-term growth strategy is supported by its significant investments in AI and infrastructure, with a focus on revenue growth over short-term earnings [42] - Analysts suggest that Meta's current valuation at 18 times forward earnings is attractive given its growth prospects [42] - Microsoft faces challenges in maintaining its software business amidst rising AI competition, but its core products remain essential for data storage and access [30] - Tesla's future profitability is expected to be driven more by its robotics division than its electric vehicle sales, indicating a shift in its business model [25]

Core Viewpoint - Investor sentiment towards Tesla is primarily influenced by long-term narratives rather than short-term fundamentals, which is reflected in the stock price and valuations [1] Financial Performance - Tesla's adjusted earnings per share for the latest quarter was $0.50, exceeding analyst estimates [2] - The company experienced a 3% drop in revenue and a 30% decline in free cash flow, while capital expenditures are increasing [9] Business Segments - Energy storage has performed well, contributing positively to Tesla's financials despite challenges in its core heavy business [2][3] - Profitability in charging and energy storage is helping to offset losses from the electric vehicle segment [4] Future Initiatives - Tesla's investment of $2 billion into X A.I. is seen as a strategic move to support future initiatives like humanoid robots and full self-driving technology [4][5] - There are concerns regarding the credibility of Tesla's future production goals, such as the cyber cab and Tesla Semi, which are projected for volume production in 2026 [10][11] Valuation and Market Performance - Tesla's valuation multiples remain significantly higher than those of its peers, despite deteriorating business fundamentals over the past few years [14][15] - The stock has underperformed compared to the S&P 500, with a five-year return that is less than half of the market's return [15][16] - The company's earnings multiple has shifted from 100 times earnings to 5300 times, raising concerns about sustainability [17][18]

Core Viewpoint - Tesla has agreed to invest approximately $2 billion in Elon Musk's AI startup xAI, enhancing the relationship between the two companies as Tesla positions itself as a leader in autonomy and robotics [1][3]. Financial Performance - Tesla reported revenue of $24.9 billion for the quarter ending December 31, a decrease of 3% year-over-year, but surpassing analysts' expectations of $24.79 billion [3]. - Profit fell significantly by 61% to $840 million during the same period [3]. Market Expectations - Wall Street anticipates Tesla will deliver 1.77 million units in 2026, reflecting an 8.2% increase according to Visible Alpha data [4]. - The vehicle business is facing challenges as competitors introduce newer models at lower prices, and the expiration of a US tax incentive for electric vehicles has impacted sales [4]. Strategic Focus - Investors are increasingly interested in Musk's initiatives in self-driving technology and robotics, seeking evidence that the transition from promise to product is occurring [5][7]. - Tesla is utilizing lower-priced "Standard" versions of its Model 3 and Model Y to attract price-sensitive consumers, a strategy expected to drive growth in 2026 deliveries despite potential margin pressures [5][6].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 智通财经1月29日电，特斯拉表示将进一步投资自主机器人基础设施。人形机器人Optimus第一代产品线 正在铺设中。Cybercab和特斯拉Semi有望在2026年量产，Megapack3也有望在今年量产。 （来源：智通财经） ...

Tesla said on Wednesday that it's agreed to invest $2 billion into Elon Musk's xAI, which he launched almost three years ago as a prospective competitor to OpenAI. The share purchase was related to xAI's $20 billion financing round announced earlier this month. The artificial intelligence startup is best known for developing Grok, an AI chatbot and image generator."Tesla's investment was made on market terms consistent with those previously agreed to by other investors in the financing round," the company s ...

Core Insights - Tesla's earnings report revealed a significant $2 billion investment in xAI, indicating a strategic shift towards becoming a "physical AI company" rather than solely a hardware-centric business [1] - The focus on AI is driving investor excitement, with expectations that AI-trained self-driving cars and robots will generate more revenue than Tesla's traditional electric vehicle (EV) business [1] - Tesla's current stock valuation reflects this optimism, trading at approximately 215 times the estimated earnings per share for 2026 [1]

Group 1: Market Performance - Nvidia ranked first in trading volume, closing up 1.58% with a transaction volume of $27.873 billion, amid a general rise in the semiconductor sector [1][9] - Tesla ranked second, closing down 0.10% with a transaction volume of $21.42 billion, reporting Q4 earnings per share of $0.24, down from $0.66 year-over-year, and a revenue of $24.9 billion, a 3.1% decrease year-over-year [1][9] - Micron ranked third, closing up 6.10% with a transaction volume of $17.715 billion, as the storage sector saw a general increase [1][9] Group 2: Company-Specific Developments - Apple closed down 0.71% with a transaction volume of $10.176 billion; only 6% of surveyed iPhone buyers chose the iPhone Air, significantly lower than the iPhone 17 series [2][10] - Intel closed up 11.04% with a transaction volume of $9.673 billion, as it announced a new initiative to match federal funds for employees' children [2][10] - Carvana saw a significant drop of 14.17%, closing at $8.062 billion, with allegations of artificially inflating profits by $1 billion, while its reported net profit for 2023-2024 was approximately $550 million [4][13] Group 3: Financial Results and Forecasts - Tesla's Q4 adjusted earnings per share were $0.50, exceeding the estimate of $0.45, while its free cash flow decreased by 30% year-over-year [1][9] - Seagate Technology's Q2 results exceeded expectations, with a 19.14% increase in stock price and a transaction volume of $6.379 billion, providing a positive outlook for the future [6][14] - Amphenol reported a sales figure of $6.43 billion for Q4 2025, a 49% year-over-year increase, surpassing market expectations [6][15]

Three weeks ago, Elon Musk’s AI company, xAI, revealed it raised $20 billion in a Series E funding round. Now, we know Tesla is among its investors.Tesla disclosed in a letter to shareholders on Wednesday that it invested $2 billion in xAI, the startup behind the Grok chatbot that also owns Musk’s social media company X. Other previously disclosed investors in xAI include Valor Equity Partners, Fidelity, Qatar Investment Authority as well as Nvidia and Cisco as “strategic investors.” This is a truly circul ...