以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 2025 年 12 月 用心打造最有品质的实战研学。读万卷书，行万里路。把教室搬到世界上最优秀的企业， 请最优秀的企业家和科学家讲课。顺势而为，把握机遇。正心正念，坚持做长期正确的 事！ 我们期待与更多的企业家朋友们携手同行，共赴 2026 实战研学之旅！ 泽 ZEP 平 INGM 宏 ACR 观 O RE 商 SEAR 学 CH 1-6月日程安排 · 2月27日 北京 国内头部智驾科技企业 人形机器人 年研学安 型成 11月4日-11日 洛杉矶、拉斯维加斯、旧金山 CES、英伟达、特斯拉 谷歌、罗宾汉、playground 斯坦福大学、伯克利大学 3月27日-28日 苏州 追觅科技、魔法原子、灵猴机器人 闭门投研会-2026 Al 的中国力量(一) 3月29日 上海 长三角校友会 4月20日-21日 香港 2026 香港 Web3 嘉年华 复星财富、HashKey、港交所 5月22日-23日 1151 11:47:50 深圳 华为、新凯来、江波龙、莫界科技 闭门投研会—2026 Al 的中国力量(二) ...

特斯拉（TSLA）周二早盘上涨0.9%。该公司支持的xAI将被SpaceX通过私募交易收购，此举旨在为马 斯克的商业版图部署天基AI基础设施。公开资料显示SpaceX正在筹备IPO。 特斯拉（TSLA）周二早盘上涨0.9%。该公司支持的xAI将被SpaceX通过私募交易收购，此举旨在为马 斯克的商业版图部署天基AI基础设施。公开资料显示SpaceX正在筹备IPO。 责任编辑：张俊 SF065 责任编辑：张俊 SF065 ...

Core Viewpoint - The potential merger between Tesla and SpaceX is being debated among experts, with implications for Elon Musk's vision of corporate convergence and possible impacts on Tesla shareholders [1] Group 1: Company Developments - Elon Musk has consolidated his business interests by integrating a social media platform, an AI startup, a satellite internet service, and a rocket manufacturing company under one umbrella [1] - SpaceX has recently acquired xAI, an artificial intelligence startup that owns the social media platform X, which Musk claims is essential for creating a "vertically-integrated innovation engine" [1]

Tesla Stock: 'Growing Chance' Of Merger To Create Musk Trinity With SpaceX And xAI | Investor's Business DailyBREAKING: [Stocks Edge Higher As Teradyne, Palantir Surge]---Tesla (TSLA) CEO Elon Musk confirmed late Monday that his rocket company SpaceX will merge with his artificial intelligence startup xAI. On Tuesday, a Tesla stock bull wrote there is now a "growing chance" that Tesla will eventually merge "in some form" with SpaceX/xAI in the coming 18 months. Wedbush Securities analyst Dan Ives, who has l ...

与此同时，特斯拉的角色也成为市场关注焦点。特斯拉上周宣布将向xAI投资约20亿美元。Wedbush认 为，特斯拉未来存在以某种形式并入SpaceX/xAI生态的可能，尤其在自动驾驶与机器人战略加速推进的 背景下，马斯克或将逐步整合其AI帝国的关键技术与资源。 Seeking Alpha分析机构The Techie进一步指出，特斯拉正从传统汽车制造商演变为"物理AI提供者"，其 能源存储业务可能成为支撑轨道数据中心的关键环节，而Optimus机器人布局也将使特斯拉成为马斯克 陆地与太空基础设施的重要工业支柱。 分析人士普遍认为，"轨道算力"叙事正在重新点燃太空板块热度，并为SpaceX未来登陆公开市场增添了 更清晰的AI驱动增长逻辑。随着AI算力需求与能源约束持续加剧，太空数据中心或将成为下一阶段科 技竞争的焦点之一。 智通财经APP获悉，航空航天研究机构The Aerospace Forum负责人Dhierin Bechai指出，SpaceX与xAI的 组合为投资者提供了"AI+太空"双重热门赛道的吸引力，但同时也可能让部分只想押注航天产业的投资 者感到顾虑，因为SpaceX未来若推进上市，其业务定位将不再单 ...

Key Takeaways Tesla runs robotaxi services in Austin and the Bay Area, logging nearly 700,000 paid miles since June 2025.TSLA plans to expand robotaxis to seven new U.S. cities while removing safety monitors on some Austin trips.Tesla is developing the Cybercab, with volume production expected this year to support faster scaling.Tesla (TSLA) is betting big on autonomous driving, and its robotaxi program is a key part of its long-term growth strategy. Tesla started its first robotaxi service in Austin, TX, o ...

-融资动态- 近日，智能运动硬件品牌「英汉思动力」宣布，连续完成A轮、A1轮、A2轮三轮融资，累计金额过亿元人民币。领投方分别为红杉中国、襄禾资本和赛 纳资本、达晨财智，不同资本参与跟投。本轮资金将主要用于次世代AI网球及体育训练机器人产品研发，并加速全球市场拓展。 英汉思动力成立于2018年，其以机器人动力技术为核心，自研"AI视觉学习模型+扭矩自适应算法+QDD（半直驱驱动）动力单元"技术方案，具备高扭矩 密度、低成本、快响应和长续航等综合优势。（品牌方舟） OpenAI计划筹集最高1000亿美元融资 近日，OpenAI正在与多家科技巨头及中东主权财富基金商谈新一轮融资，计划筹集最高约1000亿美元资金，相关谈判若顺利推进，可能使OpenAI整体估 值达到7500亿美元，甚至更高。 多位知情人士表示，目前谈判仍在进行中，具体金额和结构尚未最终确定。目前参与讨论的潜在投资方包括微软、英伟达、亚马逊、日本软银集团以及中 东地区的主权财富基金。（品牌方舟） 小编评： 总体看，本轮融资若能落地，OpenAI将拥有"现金+算力"双护城河，加速向通用人工智能与平台生态演进，并推动英伟达、亚马逊、微软等巨头的AI军备 ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Quick Summary ChatGPT thinks Tesla stock could trade lower over the next 60 days, projecting an average price around $456 by mid-April. Investors looking to trade the stock can build exposure incrementally using commission-free fractional shares on SoFi, starting with as little as $5, and new users can receive up to $1,000 in free stock. Rather than slowly scaling position size through a retail account ...

Core Insights - Tesla's electric vehicle (EV) business is facing challenges with declining deliveries, but its energy generation and storage segment is thriving, driven by strong demand for Megapack and Powerwall products [1][7] Group 1: Energy Generation and Storage Performance - Tesla's energy storage deployments have experienced a remarkable growth rate of 168% CAGR over the past three years [2] - In Q4 2025, Tesla reported record energy storage deployments of 14.2 GWh, with total deployments for the year reaching 46.7 GWh, marking a 49% increase year over year [3] - Energy generation and storage revenues reached $12.7 billion in 2025, up 27% from the previous year, contributing 13% to Tesla's total revenues [4] Group 2: Future Growth and Revenue Visibility - Tesla anticipates further growth in deployments with the introduction of Megapack 3 and the new Megablock solution, with production set to begin at Megafactory Houston [3][11] - The company expects to recognize $4.96 billion in deferred revenues from ongoing energy projects in 2026, more than double the amount recognized in 2025, indicating strong demand and a substantial backlog [5] Group 3: Profitability and Market Position - The energy segment achieved a gross profit of $1.1 billion in Q4 2025, marking the fifth consecutive record quarter, with full-year gross profit rising to approximately $3.8 billion, up 44% [6] - Despite potential margin pressures from competition and policy uncertainties, Tesla's energy business is noted for its scale, profitability, and growing demand, making it a resilient growth engine amid fluctuating EV demand [7] Group 4: Competitive Landscape - Legacy automakers like Ford and General Motors are expanding their energy storage initiatives in response to rising electricity demand and unpredictable EV sales [8] - Ford plans to convert part of its Kentucky battery plant for energy storage production and has committed an additional $2 billion to expand its energy business [9] - General Motors has launched GM Energy and introduced the PowerBank residential storage product, collaborating with Redwood Materials to repurpose EV batteries for stationary storage [10][12]

特斯拉市场竞争力分析报告 (2026版) 团队成员 特斯拉再购用户 有望激活大纯电车市 周丽君 院长/首席分析师 石本雅 行业分析师 王世祥 行业分析师 十五五，特斯拉在华近300万用户将释放出强劲的再购需求 其中七成用户有流出意向，竞品如何接住这泼天的富贵？ 2020-2021年，Model 3和Model Y先后国产，助推特斯拉在华销量强劲增长，2022年突破 40万辆，2023-2025年连续三年超60万辆，并超越BBA，跃升至中国高端车市品牌销量排行 的榜首之位； 特斯拉不仅保有量庞大，而且用户优质。2020-2025年，特斯拉核心价区集中20-35万元， 不少特斯拉用户属于多车家庭，期间有能力选购20万元以上和拥有多辆车的家庭，在中国车市 绝对称得上优质用户； 十五五，如特斯拉能留住庞大且优质的老用户，势必会助推自身在华销量的强劲增长，但特斯 拉仅有单一的纯电产品，且布局集中20-35万元这一狭窄地带，上述布局不利于特斯拉满足老 用户更加多元化的增换购需求。2023-2025年，特斯拉的意向忠诚度仅30%左右，有高达七成 用户有流出意向； 十五五，继BBA老用户后，特斯拉快速涌现的再购用户，将成为影 ...