After rallying through the latter three quarters of 2025, Tesla (NASDAQ: TSLA) stock entered a strong downturn with the start of January and is, with its press time price of $406.62, down 9.58% year-to-date (YTD).TSLA stock price YTD chart. Source: FinboldThe adverse business side news has, however, not dissuaded TSLA bulls, nor prevented Elon Musk from continuing to tout his electric vehicle (EV) maker’s long-discussed pivot into a proper artificial intelligence (AI) and robotics company.Ultimately, betwee ...

Autonomous driving and fully driverless robotaxis could be the future of automotive transportation -- and that future is coming fast. A recent report from McKinsey predicts that 2030 could be the year when robotaxis achieve mass deployment around the world. McKinsey defines a robotaxi as a "vehicle on demand" operating in urban areas with autonomous driving capabilities of Level 4 (able to function without a human driver ready to take over) or Level 5 (fully autonomous in any environment and conditions). ...

The idea of Musk combining his tech empire into an AI conglomerate has picked up steam in recent months. ...

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！ 来源：六里投资报 2月4日，著名投资人但斌在一场对话中，就2026年资本市场的投资逻辑，以及未来趋势给出了最新的见 解。 但斌这几年通过重仓美股科技巨头，使得其业绩在百亿私募中数一数二， 但也正因为其ALL IN AI的表态，以及在组合中运用杠杆进一步下注的操作也引发一些争议。但斌的具 体持仓可点此查看。 回顾2025年，但斌认为，这是人工智能从开始到勃发的重要一年， 而2026年马年，很可能是AI应用"万马奔腾"的一年； 包括年初看到的这些热门方向，包括去年底特斯拉全程无人驾驶穿越美国，它是自动驾驶的iPhone时 刻。 但斌强调，投资应把钱投到拉动经济增长的方向， 如人工智能、生物制药等新质生产力行业，赢的概率才大。 从金融史看，过去100年，美国的所有上市公司加起来，3%贡献了绝大部分的盈利，97%其实是不行 的， 少数公司在创造价值，多数公司在毁灭价值。 但斌认为，这一规律在中国最终可能也会适用。 此外，但斌指出，投资中"价值和成长一定是共生的关系"，二者相辅相成，且成长更为重要。 他提及巴菲特晚年投资科技股，强调这个时代中"自 ...

2月4日晚，东方港湾董事长但斌做客央视财经《投资大趋势》节目，分享了关于人工智能时代下的市场 投资见解。 投资作业本课代表整理了要点如下： 1、不学习，很可能错过一个时代。 回顾我们经历的电子硬件、互联网、移动互联网时代，每个时代都有重大机会。......腾讯，涨了六百多 (倍),网易涨了几千倍，这只是个案。从全球看，每个时代都涌现出许多上涨几千倍的公司。 从金融史看，过去100年，美国上市公司中，仅3%贡献了绝大部分利润，97%并不突出。 这个过程注定是少数公司创造价值，多数公司在毁灭价值。 2、当前对中国和全球经济而言，其实美国也一样，主要依靠人工智能、生物制药这类行业，比如商业 航天、即将上市的星链等。 这些新增长能否弥补其他领域的负向反馈?若能，经济就会蓬勃发展。因此，将资金投向这些方向，理 论上赢面更大。 3、对普通人和一般机构而言，错过一个时代的风险，远大于担心泡沫的风险。回顾过去几个时代，真 正赚到钱的人不多，很多人是错过了时代。 4、我个人判断，目前仍处于大发展之年。但为何很多人错失?因为存在泡沫的噪音。我视之为噪音，即 便今年下跌，也是噪音。 因为放在更长的周期里，今年可能只是蓄势之年。 5 ...

Core Insights - The automotive industry is experiencing a promotional wave centered around "7-year low-interest" financing options, initiated by Tesla and followed by at least 10 other companies, including Xiaomi, Li Auto, and Xpeng [1][3][4] - The promotional strategies focus on low down payments and monthly payments, with many plans keeping monthly payments around 2000 yuan [1][3] - Different automakers are collaborating with various financial institutions, with Tesla and NIO partnering with banks, while others rely on automotive financing leasing companies or third-party financial institutions [1][7] Group 1: Promotional Strategies - The "7-year low-interest" financing has become a key term in the current promotional measures, with low down payment amounts and monthly payments generally around 2000 yuan [3] - Tesla's Model 3 offers a down payment of 79,900 yuan and a monthly payment of 1,918 yuan over 84 months, with a total interest of approximately 5,512 yuan [4] - Li Auto offers a 7-year financing option across all models, with a minimum down payment of 15% and a monthly payment of 3,846 yuan for the i8 model [6] Group 2: Financial Institutions and Models - The financing options are primarily provided by automotive financing leasing companies or third-party financial institutions, rather than banks [7][10] - The differences in ownership and cost structures between bank loans and leasing models are significant, with leasing companies retaining ownership during the lease period [9][10] - Consumers are advised to understand the differences between loan and leasing models, including ownership rights and potential hidden costs associated with long-term financing [10][11]

Core Viewpoint - Volkswagen has surpassed Tesla in sales of fully-electric cars in Europe in 2025, marking a significant shift in the electric vehicle market dynamics [1] Group 1: Sales Performance - Volkswagen's sales of fully-electric cars in Europe have outpaced those of Tesla, indicating a growing competitive landscape in the electric vehicle sector [1] - This development follows BYD's earlier achievement of overtaking Tesla as the world's largest electric vehicle manufacturer, highlighting the increasing competition from Chinese automakers [1]

未经许可，不得转载或者引用。 投资要点 1月智能化边际变化总结： L4商业化北美或松绑，L3第三方智驾供应商跟进。 美国L4举行听证会，讨论将无需传统控制 的车辆年部署上限从 2500 辆提高到 90000 辆，还讨论了当前自动驾驶领域分裂的监管环境， 推动联邦规则凌驾于州禁令之上，特斯拉在奥斯汀推出无安全员Robotaxi，后续将取消FSD买 断制。L2-L3方面，英伟达发布开源自动驾驶模型Alpamayo，文远知行、千里科技等公司推出 或升级端到端方案。 2月智能化催化： 关注海外L4政策落地，持续跟踪国内L2-L3智能化上车体验。 持续关注美国听证会结果公布情 况，联邦与州监管规则可能统一；特斯拉已于1月在奥斯汀推出无安全员服务，2月是验证其初 期运营安全性与可靠性的关键观察期，核心观察异常接管率。关注主机厂基于英伟达Alpamayo 开源模型的具体研发规划或车型落地时间表，跟踪文远知行、千里科技等第三方智驾供应商端 到端方案实际体验效果。 投资建议： 继续坚定看好2026年L4 RoboX主线！B端软件标的>C端硬件标的。H股优选【小鹏汽车+地平 线机器人+小马智行/文远知行+曹操/黑芝麻智能】；A股 ...

Core Viewpoint - The recent surge and subsequent decline in the space photovoltaic concept stocks were triggered by news of Elon Musk's team conducting research on solar energy companies, raising questions about the viability and market potential of space photovoltaics [1][2][3]. Group 1: Market Reaction - On February 4, space photovoltaic concept stocks experienced significant gains, with companies like Zhonglai Co. hitting a 20% limit up, while others like Guosheng Technology saw consecutive gains [3]. - Following the initial excitement, by February 5, the Wind Space Photovoltaic Index dropped by 4.86%, with several stocks, including Junda Co. and Jincheng Co., hitting their daily limit down [4]. Group 2: Company Responses - Multiple companies, including TCL Zhonghuan and Jinko Solar, confirmed interactions with Musk's team but clarified that no formal agreements or collaborations had been established [2][3]. - Jinko Solar stated that while they had contact with Musk's team, they had not signed any contracts or received orders related to space photovoltaics [3]. Group 3: Industry Insights - The concept of space photovoltaics involves harnessing solar energy in outer space and transmitting it back to Earth, which is seen as a potential solution for energy supply in commercial space endeavors [8]. - Industry experts, including the Secretary-General of the China Photovoltaic Industry Association, indicated that space photovoltaic technology is still in the exploratory phase, with significant uncertainties regarding its commercialization [3][8]. - The Ministry of Industry and Information Technology emphasized the need for high standards and quality regulation in the photovoltaic industry, aiming to address challenges such as supply-demand mismatches and promote innovation [8]. Group 4: Future Outlook - Analysts from Zhongyuan Securities noted that space photovoltaics are currently in the early stages, requiring validation across various technical and economic dimensions for large-scale commercial application [9]. - Huaxi Securities highlighted that emerging applications in space photovoltaics could drive growth across the entire photovoltaic industry, benefiting equipment, materials, and battery manufacturers [9].

Group 1: Tesla (TSLA) Insights - Tesla's Robotaxi fleet is expected to expand significantly, covering 25-50% of the U.S. by the end of 2026, with over 500 vehicles already operational in Austin[5] - The target price for Tesla is set at $520.00, maintaining a "Buy" rating, with projected revenues of $114 billion, $141.1 billion, and $176.9 billion for 2026 to 2028[6] - The company is transitioning to a subscription sales model, which may negatively impact short-term margins but is expected to enhance recurring revenue in the long run[5] Group 2: TSMC (TSM) Insights - TSMC's revenue for Q4 2025 reached NT$1,046.09 billion (approximately $33.7 billion), a year-on-year increase of 30.3%[9] - The target price for TSMC is adjusted to $450.00, with a projected AI revenue CAGR exceeding 58% over the next five years[12] - TSMC's advanced process technology contributed 77% of revenue, with a long-term gross margin target of over 56%[10]