一、宏观迷雾：为什么"坏数据"成了"救命稻草"？ | 首页 | 昼念板块 财报日历 | 新股中心 | 机构造综 | 财经日历 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 道琼斯指数 | | | | 纳斯达克综合指数 | | | | 标准500指数 | | | | | | 48114.26 | | | | 23111:46 | | | | 6800.26 | | | | | | 305 30 -D 03 | | | | *24.02 +0.23 | | | | 16:25 -0 24 | | | | | | 领涨榜 | 盘中 ·· | | 更多 > | 领跌榜 | 国中 · | | 更多 > | 热力图 行业 个股 | | | | 更多 > | | 代码 | នធ | 新颜描 : | 履新价 | 代码 | 名称 | 源联盟 : | 量新价 | | | | | | | VMAR | Vision Marine | +156.77% | 0.6760 | TTS ...

登录新浪财经APP 搜索【信披】查看更多考评等级 美国加利福尼亚州机动车管理局表示，特斯拉公司涉嫌通过营销手段误导消费者，夸大其驾驶辅助技术 的功能，若该公司不整改相关营销行为，其在加州的汽车销售将被暂停 30 天。 该管理局于周二宣布，上述禁售处罚将在 90 天后生效，为特斯拉留出上诉或整改合规的时间。此前， 加州机动车管理局指控特斯拉夸大其 "自动辅助驾驶（Autopilot）" 和 "完全自动驾驶（Full Self- Driving）" 软件的功能，并请求行政法官裁定是否有必要对特斯拉实施禁售处罚。 消息公布后，特斯拉股价在盘后交易中一度下跌 2.2%，随后跌幅收窄至约 1%。该公司股价于周二收于 历史高点，年内累计涨幅达 21%。截至发稿，特斯拉暂未回应置评请求。 对总部位于得克萨斯州奥斯汀市的特斯拉而言，销售牌照被吊销将是一记重创。加州是美国人口第一大 州，既是特斯拉在美国最大的销售市场，也是其最大工厂的所在地，即便短期的销售中断也可能给公司 带来高昂损失。特斯拉若提交声明，承诺停止使用 "自动辅助驾驶" 这一名称来描述不符合特定行业标 准的技术，或详细说明整改措施，即可避免加州机动车管理局的禁售 ...

Core Insights - Tesla's 2025 was characterized by strategic clarification rather than just vehicle sales or earnings surprises, indicating a shift in how the company is perceived by investors [1][4][18] - The focus has shifted from electric vehicles (EVs) as the future to autonomy and robotics as the core of Tesla's long-term vision [2][5][18] Electric Vehicles and Market Dynamics - While EV demand remains strong, growth has slowed due to increased competition and pricing pressures, highlighting the capital-intensive nature of the EV business [5][12] - Tesla's management has increasingly emphasized long-term opportunities in robotaxis and humanoid robots, reframing the company as an AI-driven platform rather than just an automaker [5][6] Autonomy and Robotaxi Developments - In 2025, Tesla launched a limited robotaxi pilot in Austin, marking a significant credibility milestone despite negligible revenue impact [10][11] - The conversation around robotaxis has shifted from feasibility to scalability, with CEO Elon Musk claiming driverless robotaxis could be available by year-end [11][12] - Regulatory hurdles and public trust issues remain significant challenges for the robotaxi initiative, indicating a long-term build-out rather than immediate revenue generation [12][13] Optimus and Long-Term Potential - Tesla's humanoid robot, Optimus, showed improvements but is not close to mass production or revenue contribution, positioning it as a long-term opportunity rather than a near-term catalyst [14][15][16] - The potential market for humanoid robots could extend beyond mobility into various sectors, but investors should manage expectations regarding its timeline for viability [15][16] Investor Implications - The transition from a straightforward EV growth narrative to a complex portfolio of long-term bets increases uncertainty but also broadens potential outcomes for investors [18][19] - For long-term investors, the focus is now on the maturation of autonomy and robotics as scalable, high-margin businesses rather than solely on vehicle sales [18][19]

编辑部 整理自 MEET2026 量子位 | 公众号 QbitAI 从夹爪到灵巧手，具身智能操作正在从简单的抓取迈向真正可泛化的灵巧操作。 就在特斯拉人形机器人因灵巧手，整体延期交付，卡在"手"上时，灵心巧手联合创始人 张延柏 却表示： 灵巧手是不依赖人形机器人的终端，在一些场景能比机器人更早应用，但光有硬件不够，还要有算法。 换句话说，灵巧手不是人形机器人的附属部件，而是具身智能的核心执行平台。 它不依赖人形本体，可率先进入工业与家庭场景；它是软硬一体的平台，决定了机器人是否具备真正的泛化能力；同时，它也是门槛最高、生 态最深的关键部件之一。 在他的判断中，一只好的灵巧手既要有高自由度、高耐用性、高性价比和多模态感知，还得软硬结合，为不同场景定制解决方案，具备稳定 性。 为了完整呈现张延柏的思考，在不改变原意的基础上，量子位对演讲内容进行了整理编辑，希望能提供新的视角与洞察。 MEET2026智能未来大会是由量子位主办的行业峰会，近30位产业代表与会讨论。线下参会观众近1500人，线上直播观众350万+，获得了主 流媒体的广泛关注与报道。 核心观点梳理 灵巧手是具身智能的核心零部件之一，一方面灵巧手可以不依 ...

近日，因预测2008年金融危机而闻名的"大空头"迈克尔·伯里对美国股市的走势发出了严重警告。 "大空头"伯里，又来了！ 伯里在社交平台X上分享了一张"非常有趣"的图表，其中显示，美国家庭持有股票财富大幅攀升，最近超过了房地产财富。伯里称， 这是只在上世纪60年代末和90年代末才出现的现象，而前两次发生这种情况时，"随后的熊市持续了数年"。 作为电影《大空头》的原型人物，迈克尔·伯里近期频繁发声，对市场作出警告。12月11日，伯里引用了《金融时报》的一篇博客文 章，称美联储开始"储备管理购买"（RMPs）的计划，表明美国银行体系日益脆弱。 美联储决定停止缩减资产负债表，并宣布准备每月购买约350亿至450亿美元的国债。对此伯里表示："如果美国银行系统在没有美联储 超过3万亿美元的'生命维持'下无法运作，这并不是实力的象征，而是脆弱的迹象。" 伯里认为，美联储现在似乎在每次危机后都会扩大其资产负债表，以避免银行系统出现资金压力，这种动态有助于解释股市的强势表 现。"这种做法的实际极限可能是美国债券市场的全面国有化，即美联储拥有全部40万亿美元的美国债务。所以我猜，继续狂欢吧。" 对此，有网友回应称，"可以确定未来 ...

美股大型科技股盘前涨跌互现，亚马逊涨1%，特斯拉涨0.5%，谷歌A涨0.2%，Meta、英伟达持平，苹 果跌0.1%。 本文源自：金融界AI电报 ...

RT Chuck Cook (@chazman)I just finished a three day trip as a Captain on the Airbus A321, including an overnight in Austin the same day Robotaxi was spotted testing driverless. My last day was after seven hours of flight time landing in Orlando around 11 PM, and I still had a 2 1/2 hour drive home to Jacksonville ahead of me. This is a use case where FSD Supervised has changed how I use my vehicle. Previously arriving that late would've meant needing an overnight hotel getting a few hours of sleep, waking u ...

Dow futures were up about 0.07% near 48,514. S&P 500 futures gained roughly 0.13% to 6,865, while Nasdaq futures rose 0.15% to around 25,419. The muted move reflects a market trying to balance softer economic signals with hopes that the Fed may be nearing the end of its tightening cycle. Tuesday’s regular session ended mixed. The Dow fell 0.62% and the S&P 500 slipped 0.24%, extending their losing streaks to three days. The Nasdaq Composite, however, managed a 0.23% gain, snapping its recent slide as inves ...

CoolTesla Owners Silicon Valley (@teslaownersSV):BREAKING: @Gwynne_Shotwell of @SpaceX is #20 on Forbes' list of The Most Powerful Women of 2025. https://t.co/ovR69Z41kx ...

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