该行将特斯拉目标价由425美元下调至415美元，反映2026及27年经调整EBITDA预测分别下调5%及 10%，以及资本开支加速导致的现金消耗增加，评级"与大市同步"。虽然资本开支增长有助公司维持在 实体人工智能领域的领导地位，但现金消耗水平高企或限制其短期估值倍数扩张。 摩根士丹利研究报告指，特斯拉未来重点在于转型至实体人工智能领域，而转型的核心是资本密集度提 升，因为公司正大举建设其物理基建及算力。该行预期营运开支将持续高企，料2026年占销售额14.5% (2025年13%)；资本开支亦将增加，料今年达210亿美元，高于公司指引的逾200亿美元。 ...

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Tesla Stock: Market Mulls 'Transportation-As-A-Service' Shift, Massive Capital Spending | Investor's Business DailyBREAKING: [Futures Rise Amid Huge Earnings]---Tesla (TSLA) CEO Elon Musk announced late Wednesday the Model S and Model X trims will be phased out in favor of Optimus robot production, as Tesla gears up for $20 billion in capital expenditures in 2026. Executives also said Wednesday that when it comes to making new vehicle models, people should think of Tesla as a "transportation-as-a-service co ...

Tesla Inc.'s (NASDAQ: TSLA) share price pulled back 4.0% in the past week. The company reported a 46% drop in annual profit for 2025 but announced plans for $20 billion in capital spending. It also said it would end production of its flagship Model S and Model X vehicles. While it began operating "unsupervised†robotaxi rides in Austin, Texas, the NHTSA is investigating reports of Tesla vehicles with automated systems running red lights and making dangerous lane changes. Loading stock data... Tesla stock i ...

马斯克旗下人工智能公司xAI，也有最新动向。特斯拉当地时间周三（1月28日）宣布，将向xAI投资20亿美 元，并表示其 Cybercab无人出租车的生产计划正按计划于今年实现。今年1月6日，xAI宣布完成E轮200亿美元 融资，整体估值达到2300亿美元，较去年春季时的估值翻了一番。 OpenAI拟融资近1000亿美元 据《The Information》报道，英伟达、亚马逊和微软正在就向OpenAI投资至多600亿美元展开磋商，此举可能 成为人工智能领域迄今规模最大的融资轮之一。当前，在生成式人工智能竞争日趋激烈之际，OpenAI拟持续 扩大其计算需求与长期研究能力，因此促成了这一谈判。 AI巨头，正在筹集巨额资金！ 据最新消息，英伟达、微软、亚马逊正在洽谈向OpenAI投资高达600亿美元，作为OpenAI新一轮1000亿美元重 大融资的一部分。1月28日还有消息称，软银正洽谈向OpenAI追加至多300亿美元投资。 据报道，此次融资谈判尚处初步阶段，尚未签署最终协议。上述三家公司分别提出不同规模的投资承诺，但相 关数字仍可能变动。 特斯拉宣布对xAI投资20亿美元 OpenAI的上述融资谈判，发生在整个 ...

On Wednesday, Tesla Inc. (NASDAQ:TSLA) posted better-than-expected results for the fourth quarter and announced plans to invest approximately $2 billion into CEO Elon Musk's artificial intelligence startup, xAI.Tesla said preparations are underway in North America for production ramps of Tesla Semi and CyberCab, both set to commence in the first half of 2026. The company also plans to unveil the Gen 3 version of Optimus in the first quarter of this year.Tesla reported quarterly earnings of 50 cents per shar ...

U.S. stock index futures edged higher today, as investors weighed results from tech mega-caps that included another surge in AI-related spending, while the Federal Reserve held rates steady as widely expected. At 07:00 a.m. (ET), Dow ‌E-minis were up 9 points, or 0.02 per cent, S&P 500 E-minis were up 13 points, or 0.19 per cent, and Nasdaq 100 E-minis were up 54.5 points, or 0.21 per cent.The latest results from three of the so-called "Magnificent Seven" companies suggest investors are willing to overlook ...

11. 黑石集团Q4资金流入714.8亿美元，创三年多来最高水平；总资产规模达1.275万亿美元。 美股时段值得关注的事件： 21:30 美国至1月24日当周初请失业金人数/美国11月贸易帐 23:00 美国11月工厂订单月率/美国11月批发销售月率 6. 微软第二财季营收同比增长17%至813亿美元，云业务增速放缓；资本支出同比增长66%，达到创纪 录的375亿美元。 7. Meta Q4营收598.9亿美元、每股盈利8.88美元，受强劲的广告业务推动；Q1营收及全年资本支出指引 均超预期。 8. 特斯拉Q4营收同比下滑3%至249亿美元，经营利润14.1亿美元及毛利率20.1%超预期；马斯克宣布停 产Model S/ X，生产线转向制造人形机器人Optimus。 9. IBM Q4营收同比增长12%至196.9亿美元，AI业务累计订单额突破125亿美元。 10. 卡特彼勒Q4营收同比增长18%至191.3亿美元，调整后每股收益5.16美元，均超预期。 1. 美国三大股指期货齐涨，纳指期货涨0.21%，标普500指数期货涨0.25%，道指期货涨0.17%。 2. 欧股主要指数涨跌不一，德国DAX指数跌0.9 ...

Core Viewpoint - Tesla's future growth may be constrained by chip production capacity, necessitating the construction of its own TerraFab mega fab to integrate various semiconductor manufacturing processes [2][5]. Group 1: Chip Supply Challenges - Elon Musk indicated that existing suppliers like TSMC, Samsung, and Micron are unable to meet Tesla's chip demand, which is critical for its AI, autonomous driving, and robotics projects [4][5]. - The need for Tesla to potentially produce its own chips has been emphasized, as it is seen as a major bottleneck in the competitive AI race [5]. Group 2: TerraFab Mega Fab - The proposed TerraFab will consolidate logic processes, memory semiconductors, and advanced packaging, allowing for a comprehensive chip manufacturing process [2]. - Establishing such a facility will require a significant investment, potentially amounting to hundreds of billions of dollars, and will take considerable time to become operational [5]. Group 3: Strategic Expansion - This initiative represents Tesla's expansion beyond its core electric vehicle business, highlighting its commitment to securing chip supply for future technological advancements [2].

Core Insights - Dow Jones futures rose slightly, alongside S&P 500 and Nasdaq futures, following significant earnings reports from Tesla, Microsoft, and Meta Platforms [1] - Elon Musk highlighted plans for a surge in capital expenditures (CapEx) for Tesla, focusing on robotaxi expansion, which may impact the broader AI ecosystem [1] - Microsoft and Meta's CapEx guidance is substantial, indicating potential growth for the AI sector, including companies like Nvidia [1] Group 1: Company Performance - Meta Platforms, the sixth largest company by market cap on Nasdaq, reached a high of 742.99 in extended trading [1] - Microsoft exceeded December-quarter targets, but its stock experienced a decline in late trading [1] - Tesla reported a 17% drop in earnings, with Musk emphasizing the importance of CapEx for future growth [1] Group 2: Market Trends - The stock market rally showed mixed results after the Federal Reserve held interest rates steady, with notable movements in oil stocks [1] - Nvidia, as an AI partner, is experiencing increased demand, which may be bolstered by the CapEx plans of major tech companies [1] - The overall market sentiment appears optimistic, with Nasdaq aiming for record highs amid these earnings reports [1]