【#比亚迪在欧洲两大市场销量超特斯拉#】比亚迪去年在欧洲最大的两个电动车市场销量均超过特斯 拉。根据德国联邦机动车管理局周二公布的数据，去年12月，比亚迪在德国的新车注册量是特斯拉的两 倍以上。以全年计，比亚迪在欧洲最大的电动车市场德国的销量增长七倍，至23,306辆，而特斯拉的销 量几乎腰斩，降至19,390辆。比亚迪在英国这一欧洲第二大插电式汽车市场同样领先特斯拉。比亚迪在 去年9月超过特斯拉，并以51,422辆的全年销量收官，高于特斯拉的45,513辆。（智通财经） ...

In my last analysis of Tesla ( TSLA ), my stance was still cautious and bearish. It was an analysis made shortly after Tesla's Milestones were released, and although I found the goals ambitious and interesting for shareholders, I stillEquity Research Analyst with a broad career in the financial market, covered both Brazilian and global stocks. As a value investor, my analysis is primarily fundamental, focusing on identifying undervalued stocks with growth potential. Feel free to reach out for collaborations ...

2026 年的第一个月，一份"冰火两重天"的财报摆在了马斯克面前： 1.汽车业务不顺：2025年交付汽车163.6万辆，同比下降8.6%，自2018年以来首次被比亚迪超越，净利润也同比下降12%。 2025年前三季度，储能业务营收累计约86.45 亿美元，毛利稳定在30%以上，显著高于汽车业务16%的平均水平。 储能营收占总营收提升至12.0%，比去年同期提升3个百分点。 根据官方财报整理的特斯拉储能部署量 虽然在整个储能市场，特斯拉仍然占据第一宝座，但市场上仍担心特斯拉能否守住领先地位，但大型储能上阳光电源比亚迪已经在多个榜单反超。 2.储能业务暴涨：全年装机量达46.7GWh，同比大增48.7%。 | | 制作 | 交付 | | --- | --- | --- | | Model 3/Y | 1,600,767 | 1,585,279 | | 真他车型 | 53,900 | 50,850 | | 总计 | 1,654,667 | 1,636,129 | 面对对手的来势汹汹，马斯克打出了三张牌"守擂" ： 1.亲身入局AIDC储能业务 2.重点渗透新兴市场 3."长袖善舞"的供应链管理 其中AIDC储能布局 ...

本周在美国拉斯维加斯举行的CES(国际消费电子)科技贸易展上，基于最前沿AI大模型的自动驾驶技术 似乎占据主导地位，投资者们也纷纷押注人工智能将为一个长期受核心技术迭代进展缓慢、高投入成 本、安全事故与监管审查困扰的传统制造行业注入活力。 没有电动汽车的CES CES2026是美国全年度规模最大的科技展览之一，将于今年1月6日至9日期间举 行。该大型科技展会的正式名称为Consumer Electronics Show，传统上以发布电视、笔记本电脑与可穿 戴设备等最新消费电子类科技产品而闻名全球，不过近年来，CES科技展会已成为英伟达、AMD以及 高通等芯片巨头们公布面向企业端大型AI数据中心的高性能AI算力基础设施集群，以及汽车制造商们 发布其新款电动汽车的最关键目的地之一。 但特朗普政府大幅削减对电动车友好的激励与政策，以及长期高通胀与高利率重压，使美国乃至全球电 动汽车需求大幅降温，再加之近年来全球电动汽车领域竞争愈发激烈，迫使许多传统汽车制造商放弃推 出新电动汽车的计划，并且重新思考其未来战略。 汽车制造领域的这种剧变也将在今年CES上显现。今年，大多数传统汽车制造商都没有计划发布任何新 型或者升级版 ...

汽车行业点评报告 催化不断，2026 年重视智驾和 robotaxi 产业趋势 中游制造/汽车 1 月 5 日，英伟达发布开源推理 VLA (视觉-语言-动作) 模型 Alpamayo 1；智 能驾驶和 robotaxi 催化不断，2026 年重视智驾和 robotaxi 产业趋势。 ❑ 事件： 1 月 5 日，英伟达发布开源推理 VLA (视觉-语言-动作) 模型 Alpamayo 1，采 用 100 亿参数架构。黄仁勋表示："物理 AI 的 ChatGPT 时刻已到来——机 器开始理解、推理并在真实世界中行动。无人出租车是首批受益者。"首款 搭载 Alpamayo 模型的奔驰 CLA 计划于 2026 年 Q1 在美国上路。 ❑ 简评： 2026 年是智能驾驶和 robotaxi 产业爆发之年，重申重视产业趋势，预计会持 续交易产业进展。 产业方面，2025 年 Waymo 周单量突破 45 万单，车队规模达到 2500 辆；特 斯拉 Robotaxi 在奥斯汀四轮扩张运营面积，预计 26 年下半年产生显著财务 影响，FSD 有望验证 L2 到 L4 渐进路线的成功，将强化头部车企加码智能驾 驶的决心；小 ...

2026 年 1 月 6 日 星期二 每日大市点评 港股昨日震荡整理，恒生指数上涨 0.03%，但国企股指数下跌 0.2%。委内瑞拉总统马杜罗遭美军擒拿并被控毒品等多项 罪名，但港股反应有限，市场可能认为委内瑞拉对全球经济的影响有限。医药股昨日上涨，应是受创新药与脑机接口相 关的消息面影响。一方面创新药板块表现靓丽，另一方面南京熊猫电子（553 HK）等涉足脑机接口技术研发的公司飙升， 此外内房股与科网股昨日表现也较好。 美国股市昨晚三大指数分别上涨 0.6%-1.2%。一方面委内瑞拉问题令市场避险情绪上升，贵金属受追捧，另外，美国总统 特朗普扬言美国石油公司未来将大举参与委内瑞拉石油业发展的言论可能导致市场认为美国石油企业将获益，因此石油 行业龙头上涨。马斯克与特朗普总统共进晚餐，特斯拉（TSLA US）上涨。此外，2026 年国际消费电子展(CES 2026) 将 于 2026 年 1 月 6 日至 9 日在美国拉斯韦加斯举行，很多半导体企业昨晚也上涨。 恒指夜市期指收报 26,562 点，升 188 点，较昨日恒指收市 26,347 点，高水 215 点，我们预计港股短期可能仍将上涨。 不承担责任声明 ...

Around 27,000 homes in Berlin are still without power for a fourth day after an arson attack produced the second major blackout since September.It’s taking contractors longer than usual to fix the problem because the frozen ground is making it more difficult to repair the cables, while people are moving into emergency shelters or hotels to keep warm. And although the weather has amplified the impact of the attack, experts are saying it shows how exposed Germany’s infrastructure is at a time of increasing s ...

Core Insights - Tesla's stock experienced significant volatility at the beginning of 2026, with a notable correction after a strong end to 2025, dropping from $449.72 to $438.07 before closing at $451.67 [1] - The stock's price in the January 6 pre-market was $449.83, indicating ongoing uncertainty about its future direction [2] - Technical indicators suggest that Tesla's stock is currently in a state of indecision, with the relative strength index (RSI) at 48, indicating it is neither overbought nor oversold [5] Technical Analysis - Tesla shares remain above both the 200 and 50-day simple moving averages (SMA), despite the recent correction [4] - The Moving Average Convergence Divergence (MACD) slope shows weakening upward momentum, suggesting a lack of a strong rally by January 31 [5] - AI models predict a moderate optimism for Tesla's stock, estimating an average price increase of 3.21% to $465.44 by January 31, based on six technical indicators [9] Predictions - The most optimistic AI model predicts a 7.66% increase, while the most pessimistic model forecasts only a 0.95% increase by January 31 [10] - Current predictions indicate a slight decline of $0.39 (-0.09%) since the prediction was made, with the price at the time of prediction being $450.98 [11] Company Performance - Tesla reported fourth-quarter (Q4) deliveries of 418,227, which is 16% lower than in 2024, indicating potential challenges ahead [14]

Core Viewpoint - Tesla's electric vehicle (EV) deliveries have declined for the second consecutive year in 2025, raising concerns about the company's core business performance and future growth potential [2][4][12]. Group 1: Delivery Performance - In Q4 2025, Tesla sold 418,227 vehicles, a 16% decrease from Q4 2024, with total annual deliveries around 1.64 million, down from nearly 1.8 million in 2024 [4][5]. - The year-over-year decline in deliveries accelerated to over 8% in 2025, compared to a 1% decline in 2024, resulting in Tesla losing its position as the leading EV manufacturer to BYD, which achieved record sales of 2.26 million BEVs, a 28% increase year-over-year [5][12]. Group 2: Future Prospects - CEO Elon Musk is focusing on autonomous vehicles and artificial intelligence as future growth drivers, although significant revenue from these initiatives is not expected for several years [3][12]. - Tesla's robotaxi service, launched in June, is operational in select cities, and the company is testing driverless robotaxis, indicating progress in autonomous mobility [6][8]. Group 3: Energy Business - Tesla's Energy Generation and Storage segment is performing well, with a record deployment of 14.2 GWh of energy storage products in Q4 2025 and a 48.7% increase in total deployments for the year, reaching 46.7 GWh [9]. Group 4: Financial Performance and Valuation - Tesla shares have underperformed the industry, trading at over 13.75 times forward 12-month sales, significantly above the industry average [10]. - The Zacks Consensus Estimate predicts a 3% decline in Tesla's 2025 revenues and a 33% decline in EPS, but forecasts an improvement of 11.6% in revenues and 42.4% in EPS for 2026 [11]. Group 5: Investment Outlook - Despite the delivery slowdown, Tesla's advancements in full self-driving, robotaxis, and energy storage suggest potential for long-term growth, although investors are advised to temper expectations regarding the timeline for monetization [12][13].

①【三大期指涨跌不一】道指期货跌0.19%、标普500指数期货跌0.06%、纳指期货涨0.03%。 ②【固态电池股涨跌不一】固态电池概念股盘前涨跌不一，普拉格能源下跌0.42%，Solid Power上涨 1.36%，Quantumscape Corp上涨0.62%。消息面上， Donut Lab在CES展上推出了全球首款可立即投入 OEM车辆量产的全固态电池。与众多仍停留在实验室或遥遥无期的路线图上的固态电池概念不同， Donut Lab称其已准备好投入实际应用，并将于2026年第一季度开始为Verge Motorcycles的摩托车型提供 动力。Verge方面称，其升级款TS Pro两轮车型将于今年第一季度正式交付用户，届时将成为全球首款 量产的全固态电池驱动电动车。 ③【英伟达推出自动驾驶AI模型Alpamayo】当地时间1月5日，英伟达CEO黄仁勋在CES主题演讲中推 出了名为Alpamayo的开源AI模型、仿真工具及数据集，目的是推动推理型辅助驾驶汽车开发。黄仁勋 称，首款搭载英伟达技术的汽车将于第一季度在美国上路，第二季度在欧洲上路，下半年在亚洲上路。 据透露，目前捷豹路虎、Uber、Lucid等 ...