Core Insights - UBS reported a total market value of $620 billion in Q4, reflecting a decrease of 5.65% from the previous quarter [3] - The firm made 1,347 new stock purchases and increased holdings in 4,181 stocks, while reducing holdings in 4,520 stocks and completely selling out of 1,188 stocks [3] - The top ten holdings accounted for 14.52% of the total market value [3] Top Holdings - NVIDIA (NVDA.US) is the largest holding with approximately 77.49 million shares valued at $14.45 billion, representing 2.34% of the portfolio, down 11.47% from the previous quarter [1][4] - Microsoft (MSFT.US) ranks second with about 28.04 million shares valued at $13.56 billion, making up 2.20% of the portfolio, a decrease of 7.64% [2][4] - Apple (AAPL.US) is third with around 44.55 million shares valued at $12.11 billion, accounting for 1.96% of the portfolio, down 10.57% [2][4] - Broadcom (AVGO.US) is fourth with approximately 23.77 million shares valued at $8.23 billion, representing 1.33% of the portfolio, an increase of 0.88% [2][4] - Amazon (AMZN.US) is fifth with about 34.61 million shares valued at $7.99 billion, making up 1.30% of the portfolio, down 4.57% [2][4] Notable Changes - UBS reduced its holdings in several tech stocks, including Micron Technology (MU.US) by 16.14%, TSMC (TSM.US) by 15.56%, Oracle (ORCL.US) by 1.91%, AMD (AMD.US) by 24.28%, and Western Digital (WDC.US) by 37.92% [5] - The firm slightly increased its position in Meta (META.US) by 0.85% among the "seven giants" [4] - New positions were established in Total (TTE.US) and increased holdings in Walmart (WMT.US), Alibaba (BABA.US), and Bitcoin holding company Strategy (MSTR.US) [5] Trading Activity - The top five purchases included Microsoft call options, SPDR S&P 500 ETF (SPY.US), MP Materials call options, UBS Group AG, and iShares 7-10 Year Treasury ETF put options [5][6] - The top five sales included SPDR S&P 500 ETF put options, Invesco QQQ Trust put options, iShares iBoxx High Yield Corporate Bond put options, Microsoft, and NVIDIA [5][6]

The European Union needs to implement comprehensive regulations to manage the growing security risks posed by intelligent vehicles, particularly Chinese cars that are increasingly popular with consumers, according to a think tank.Intelligent cars, typically electric or hybrid vehicles, allow for expansive data to be collected including geospatial and personal data, Warsaw-based Center for Eastern Studies said. That leaves European countries vulnerable to cyberattack and exposed to the risk that information ...

Core Insights - UBS reported a total market value of $620 billion for its Q4 2025 holdings, reflecting a decrease of 5.65% from the previous quarter [1][2] - The firm added 1,347 new stocks and increased holdings in 4,181 stocks, while reducing holdings in 4,520 stocks and completely selling out of 1,188 stocks [1][2] - The top ten holdings accounted for 14.52% of the total market value [1][2] Holdings Overview - The largest holding is NVIDIA (NVDA.US) with approximately 77.49 million shares valued at about $14.45 billion, representing 2.34% of the portfolio, down 11.47% from the previous quarter [3][4] - Microsoft (MSFT.US) is the second largest holding with around 28.04 million shares valued at approximately $13.56 billion, making up 2.20% of the portfolio, a decrease of 7.64% [3][4] - Apple (AAPL.US) ranks third with about 44.55 million shares valued at around $12.11 billion, accounting for 1.96% of the portfolio, down 10.57% [3][4] - Other significant holdings include Broadcom (AVGO.US) and Amazon (AMZN.US), with respective values of $8.23 billion and $7.99 billion [3][4] Changes in Holdings - UBS reduced its positions in major tech stocks such as Micron Technology (MU.US) by 16.14%, Taiwan Semiconductor (TSM.US) by 15.56%, and AMD (AMD.US) by 24.28% [5] - The firm also decreased its holdings in Google (GOOGL.US) by 9.05% and Tesla (TSLA.US) by 15.09%, while slightly increasing its position in Meta (META.US) by 0.85% [3][5] - New investments included Walmart (WMT.US), Alibaba (BABA.US), and a new position in TotalEnergies (TTE.US) [6] Trading Activity - The top five purchases included Microsoft call options, SPDR S&P 500 ETF (SPY.US), and MP Materials call options [6][7] - The top five sales were SPDR S&P 500 ETF put options, Invesco QQQ Trust put options, and Microsoft and NVIDIA shares [6][7]

（文/观察者网 张家栋 编辑/高莘） 近日，《欧洲汽车新闻》报道称，受欧盟排放监管规则调整及市场不确定性影响，多家汽车制造商正在放缓甚至推迟2026年排放配额与积分合作机制的制定 节奏。 相比2025年初在欧车企为避免高额罚款而密集组建排放共享池、主动寻求积分合作的情况，今年行业整体态度明显转向谨慎，排放合规相关交易活跃度也随 之降温。 在前两年的欧洲市场，排放积分交易一度成为电动化布局领先车企的重要补充收入来源。 沃尔沃 欧洲汽车新闻 截至2025年前九个月，沃尔沃通过出售排放积分获得约24.4亿瑞典克朗（约17.1亿元人民币）收入；特斯拉2025年全球监管积分收入约19.9亿美元（约143亿 元人民币）。 企业层面的积极度随之快速下降，沃尔沃首席执行官萨缪尔森表示，碳排放额度的市场价值正在被重新审视，政策弹性提升后，积分交易的重要性下降。他 还补充称，部分企业此前按照既定政策节奏加速电动化投入，但规则中途调整削弱了相关商业回报。 马自达欧洲首席执行官滕·布林克表示，公司将根据今年电动车市场需求表现，在第一季度结束后再决定是否参与2026年的配额合作安排。 值得一提的是，在欧洲碳排放监管力度放宽前的2025 ...

特斯拉微博发文称，特斯拉语音唤醒功能上线。 ...

Core Viewpoint - Tesla's financial performance in 2025 shows a significant decline, marking the first annual revenue drop in its history, with total revenue down 3% year-over-year to $94.8 billion and a net income drop of 46% [7][22]. Financial Summary - In Q4 2025, Tesla reported total revenues of $24.9 billion, a 3% decrease year-over-year, with automotive revenues down 11% to $17.7 billion [8][10]. - The company's GAAP net profit for Q4 2025 was $840 million, a 61% decline compared to the previous year, while non-GAAP net profit was $1.76 billion, down 16% [8][10]. - Total gross profit for Q4 2025 was $5.0 billion, with a gross margin of 20.1%, reflecting a 386 basis point increase year-over-year [8]. Delivery and Production - Tesla's total vehicle deliveries in Q4 2025 were 418,227, a 16% decrease year-over-year, with annual deliveries totaling 1.636 million, down 9% [11][20]. - The production of Model 3/Y in Q4 2025 was 422,652 units, a 3% decrease year-over-year, while other models saw a 48% drop in production [12]. Market Response - Despite disappointing financial results, Tesla's stock price remained resilient, closing at $430.46, only a slight drop of 0.1% [14]. - Analysts noted that Tesla's market perception is shifting, viewing it more like a high-risk startup rather than a stable company [15]. Future Investments - Tesla announced a record capital expenditure plan of $20 billion for 2025, focusing on AI, autonomous driving, and robotics [16][29]. - The company plans to build six new factories, including those for battery production and humanoid robots [29]. Autonomous Driving Vision - Elon Musk emphasized that Tesla's future lies in autonomous driving, with plans to produce a new model, CyberCab, designed exclusively for self-driving [24][25]. - Tesla's Full Self-Driving (FSD) subscription model will replace the one-time purchase option, with nearly 1.1 million global paid users reported [26][27]. AI and Robotics - Tesla is investing heavily in AI and robotics, with plans for a new chip factory to support its autonomous driving and AI initiatives [31]. - The company aims to produce 1 million units of its Optimus humanoid robot annually, with the third generation expected to be released soon [29].

Group 1 - Tesla maintained a significant presence in China's electric vehicle market in January despite a decline in industry momentum [1] - Data from the China Passenger Car Association indicated that Tesla's deliveries were impacted by the overall market conditions [1] - The competitive landscape in the electric vehicle sector in China continues to evolve, with various players vying for market share [1]

Tesla Inc. (NASDAQ:TSLA) has filed new trademark applications with the United States Patent and Trademark Office (USPTO) for its awaited Roadster.New Trademark FilingsThe filings, dated Feb 3, were filed by Tesla with the agency and describe the wordmark "Roadster" in a stylized format, while the second filing details "a triangle design consisting of three flowing, curved lines," the filing said. The design showcases what could possibly be the Roadster silhouette.Tesla CEO Elon Musk had earlier shared that ...

2026.02. 06 （注：我们会对线索进行核实。您的隐私将严格保密。） 本文字数：455，阅读时长大约1分钟 据第一财经此前报道， 2月2日，特斯拉官方微博宣布，第三代特斯拉人形机器人即将亮相，预计年产百万台。第一财经记者从特斯拉内部人士处获悉，美国弗里 蒙特工厂的Model S/X生产线将改为人形机器人产线，预计2026年底前启动量产，最终规划年产能为100万台。因为特斯拉人形机器人拥有完全独立的供应链，所有 部件均基于第一性原理设计，其量产爬坡期预计比汽车产品更长。 第一财经持续追踪财经热点。若您掌握公司动态、行业趋势、金融事件等有价值的线索，欢迎提供。 专用邮箱：bianjibu@yicai.com 来源 | 第一财经、 红星新闻、特斯拉官方微博 2月6日，特斯拉宣布：Model S/X 现车上新， "最后的入手机会"来了。 我们将持续为所有Model S/X车主提供支持与服务，感谢与特斯拉一路同行的每一 位车主。 特斯拉还宣布ModelS/X产线将改造升级，用来生产特斯拉人形机器人。 微信编辑 | 苏小 推荐阅读 李亚鹏，一夜卖了1.6亿元茶 ...

Core Viewpoint - Tesla is poised for significant growth in its robotaxi business, with CEO Elon Musk expressing optimism about the company's long-term future and the potential to dominate the robotaxi industry [1][2][4]. Group 1: Robotaxi Business Potential - Tesla's robotaxi service has already launched in Austin, Texas, and is expected to expand significantly across the U.S. by the end of this year [5]. - The company aims to compete with Alphabet's Waymo, which currently averages 450,000 paid rides per week, indicating a competitive landscape in the robotaxi market [5]. Group 2: Market Performance and Valuation - Tesla's current market capitalization stands at $1.3 trillion, with a gross margin of 18.03% and a trailing earnings multiple of 390, which is significantly higher than the S&P 500 average of 26 [6][7]. - The stock's price has fluctuated between $214.25 and $498.83 over the past year, reflecting its volatility and high valuation [7]. Group 3: Investor Sentiment and Caution - Investors are advised to be cautious regarding Musk's optimistic projections, as past predictions have sometimes fallen short [8]. - The anticipated widespread growth of the robotaxi business could serve as a catalyst for Tesla's stock this year, but a wait-and-see approach is recommended rather than immediate investment based on expectations [9].