2025年，特斯拉全球交付新车163.6万辆，同比下滑8.6%，首次丢掉全球纯电销冠头衔。在中国市场， 特斯拉共销售电动汽车62.57万辆，同比减少4.8%。 汽车分析师凌然认为，目前特斯拉的主力产品售价在20万-30万元区间，如果一款车价格可以下探到20 万元以下的主流市场，企业的销量有望提升，帮助挽回2025年以来的颓势。 减配车型或撬动主流市场 目前特斯拉在中国市场最便宜的产品是Model 3后轮驱动版，售价为23.55万元。而中国新能源汽车消费 已进入普及期，15万-20万元区间销量占比超40%，成为最大细分市场。 凌然提到，特斯拉在2020年就提出了价格更低的Model 2车型开发计划，但迄今仍无产品。对特斯拉来 说，想要进入更加下沉主流的市场，打造"廉价版"Model 3与Model Y或是不错的选择。 标准版Model 3在海外市场售价为36990美元（约合人民币26.3万元）。从最新信息来看，前述标准版 Model 3通过取消座椅加热、采用单层玻璃等20余项非核心配置，已实现约5500美元成本下降。业内测 算廉价版Model 3在华起售价可能下探至20万元以内，叠加购置税减免后，实际入手价进入 ...

Group 1 - The "Seven Giants" of the US stock market are experiencing a breakdown, with only Alphabet and Nvidia outperforming the S&P 500 index in the past year [2][3] - The market is shifting towards a more selective investment approach, moving away from blind investments in the entire sector to targeted bets on companies that can demonstrate AI's impact on their business [3][6] - The correlation among the "Seven Giants" has collapsed, with their stock price movements no longer synchronized, despite all having trillion-dollar valuations [6][8] Group 2 - The AI trading logic has evolved, with some investors expecting AI benefits to spread to sectors like healthcare, while others continue to invest heavily in chip manufacturers or energy companies [7] - Companies like Amazon, Alphabet, Microsoft, and Meta are investing hundreds of billions in training new AI models and expanding cloud capabilities, while Nvidia remains a leader in the chip market for advanced AI models [8] - Tesla's stock has significantly underperformed due to a slowdown in electric vehicle sales, and its retail trading activity has dropped by 43% compared to two years ago [12][8] Group 3 - Despite the performance divergence, the "Seven Giants" still hold significant market influence, collectively accounting for about 36% of the S&P 500 index's market capitalization [13] - Historical trends show that popular investment groupings can become outdated, with no current alternative to the "Seven Giants" emerging yet [13]

前言 近日，埃隆·马斯克的新预言刷了屏，这位科技圈的"颠覆者"在德州超级工厂录制的访谈全网曝光，一 口气剧透了未来十年人类社会的诸多可能。 不同于其他大佬的空泛畅想，马斯克的每句预言都自带"可信度buff"，追其根源则在于他过往把诸 多"天方夜谭"变成现实的履历。 此次访谈他直言，AGI将在2026年全面降临！ 当全球还在为芯片焦头烂额时，马斯克却直接点破，未来AI决战的真正命脉，不是芯片而是电力，更 让人脊背发凉的是，中国将在这一隐秘战场上扮演绝对主导。 "瓦特"定乾坤 马斯克这一次的表态，直白得近乎残酷："未来的货币本质上是瓦特"，请记住，未来的硬通货既不是比 特币，也不是黄金，而是电。 这番话初听似乎有些玄幻，但稍加推敲，其背后的底层逻辑却令人窒息，AI训练集群归根结底就是一 只吞噬能源的"电老虎"，如果说芯片决定了计算的速度，那么电力则直接决定了计算的规模。 看看xAI在美国田纳西州建设的超级数据中心Colossus2就知道了，仅仅是为了搞定电力接入这一个环 节，就耗费了整整一年时间。 明明周边就横亘着高压输电线路，却受限于基础设施的落后而无法连接，最终不得不依靠燃气轮机和巨 型电池组来强行拼凑供电。 ...

Wood's 2026 outlook, published Thursday, didn't include a target for the S&P 500, though it was more bullish in tone than the outlooks of many Wall Street analysts, who largely expect the benchmark index to rise more modestly in 2026 than it did last year. Key Takeaways Worries about an AI bubble have some on Wall Street expecting the market's brisk pace of recent gains to cool down this year. Not Cathie Wood. The ARK Invest CEO, known for big bets on disruptive technologies, last week said she believes mar ...

今天早些时候，马斯克在 X 平台发文宣布，随着 AI5 芯片设计完成，特斯拉将重启超级计算机项目 Dojo 3 的开发工作。据韩国 ZDNet 网站的最新报道，特 斯拉已将其第三代 Dojo 超级计算机项目的芯片制造合同授予三星。特斯拉计划利用该超级计算机，基于其全球数百万辆汽车采集的数据，训练用于 FSD 功 能的人工智能模型，同时也将开展其他相关研发工作。值得一提的是，芯片制造环节由三星负责，而芯片封装业务则被特斯拉交由英特尔承接。 报道称，特斯拉前两代 Dojo 超级计算机所使用的芯片均由台积电制造。然而，由于特斯拉第三代 Dojo 项目的芯片需求量较小，而台积电目前手头握有大量 规模更大的订单，产能趋于饱和，因此台积电可能无法为 Dojo 3 项目提供积极的前后端技术支持。 IT之家 1 月 19 日消息，2025 年 7 月，特斯拉与三星签署了一份价值 165 亿美元（IT之家注：现汇率约合 1151.66 亿元人民币）的合同，这家韩国科技巨头 将为这家美国电动汽车制造商生产 2 纳米芯片。尽管双方此前已在多个项目上有过合作，但自这份巨额协议签订后，两家公司的合作愈发紧密，特斯拉也向 三星追加了多项 ...

Group 1 - The article highlights the rapid development of artificial intelligence technology, presenting significant opportunities in the market [3] - The focus is on the latest AI concept stocks and market trends, providing in-depth industry insights and value analysis [3] Group 2 - Ideal Semiconductor Equipment (Shanghai) Co., Ltd. has achieved a milestone by completing the AI demonstration line for ultra-thin flexible HJT batteries designed for space environments, successfully producing the first batch of P-type ultra-thin flexible HJT batteries [5] - Feishu (Lark) has partnered with Anker Innovation to launch the "AI Recording Bean," a lightweight smart recording device that supports Bluetooth and Wi-Fi, marking Feishu's first hardware product since its establishment in 2017 [6] - Elon Musk announced that the AI5 chip, crucial for Tesla's future, is progressing well, with a dual-chip configuration approaching Blackwell-level performance at a significantly lower cost and power consumption [8] Group 3 - Elon Musk has filed a lawsuit against OpenAI and Microsoft, seeking damages between $79 billion and $134 billion, claiming that OpenAI's shift from a non-profit to a profit-driven model constitutes fraud [10] - The lawsuit is based on OpenAI's current valuation of approximately $500 billion and Musk's initial investment of $38 million in 2015 [10]

Tesla is set to become the largest global maker of artificial-intelligence chips, according to CEO Elon Musk. As part of that effort it is restarting its AI supercomputer project to improve its self-driving and robotics technology. ...

2026 年 01 月 19 日 整车出海、机器人预期强化；同时 关注业绩确定性白马 看好 ——2026/1/12-2026/1/18 汽车周报 《供应链涨价、购置税兜底驱缓，关注通 胀环节投资机会——2026/1/5-2026/1/9 汽车周报》 2026/01/13 《两新补贴正式落地符合预期，看好预期 修复下的交易机会——2025/12/29- 2026/1/4 汽车周报》 2026/01/05 本期投资提示： ⚫ 核心风险：原材料价格波动风险，地缘政治风险，行业复苏不及预期 证券分析师 戴文杰 A0230522100006 daiwj@swsresearch.com 联系人 朱傅哲 A0230524080008 zhufz@swsresearch.com 行 业 及 产 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 请务必仔细阅读正文之后的各项信息披露与声明 业 行 业 研 究 / 行 业 点 评 证 券 研 究 报 告 汽车 ⚫ 观点：①1 月下旬将进入密集的业绩预告期，市场有望向业绩确定性方向聚焦，建议关 注有望披露业绩 ...

Group 1 - Trump's threat to impose tariffs on Denmark and other European countries has led to significant market volatility, with European stock markets declining and a surge in demand for safe-haven assets like gold and silver [2][7] - The China Securities Regulatory Commission (CSRC) has outlined key tasks for 2026, focusing on market stability, regulatory enforcement, and promoting the development of listed companies [2][7] - Five leading solar companies, including Tongwei Co. and Longi Green Energy, have announced a combined expected loss exceeding 28.9 billion yuan due to industry challenges such as supply-demand imbalances and rising raw material costs [2][7] Group 2 - Tesla's CEO Elon Musk has announced the restart of the Dojo 3 project, with the new AI5 chip expected to have five times the computing power of the current HW4 chip, impacting the rollout of full self-driving capabilities [3][8] - Rare earth prices have been rising, with a projected supply-demand gap of 140,000 tons by 2030, driven by strong demand from the global electric vehicle sector [3][8] - Several small and medium-sized banks have raised deposit rates as part of a strategy to attract deposits amid low net interest margins, although future rates may stabilize or slightly decrease [3][9] Group 3 - Rongbai Technology is under investigation by the CSRC for misleading statements regarding a significant contract, raising concerns about its ability to fulfill orders due to production capacity issues [4][9] - The minimum margin requirement for financing purchases on the Shanghai and Shenzhen stock exchanges has been increased from 80% to 100% for new contracts, aimed at controlling market leverage risks [4][9] - The 2025 Hurun Report has ranked Cambrian as the top AI company in China, valued at 630 billion yuan, with an increasing number of AI chip companies listed, reflecting a shift towards domestic computing power independence [5][10]

Group 1: Company Developments - Li Auto's subsidiary Jiangsu Li Auto Drive Technology Co., Ltd. increased its registered capital from 180 million RMB to 300 million RMB, a growth of approximately 67% [1] - Ningde Times established a new company, Ma'anshan Run'an New Energy Co., Ltd., with a registered capital of 4.55 million RMB, focusing on emerging energy technology [3] - Jiangzhong Pharmaceutical changed its name to China Resources Jiangzhong Pharmaceutical Co., Ltd. and plans to change its stock abbreviation to "China Resources Jiangzhong" while keeping the stock code unchanged [4] - Hangzhou Zhijian Power Technology Co., Ltd. saw new shareholders including Tencent and Taobao, with its registered capital increased to 1.5191 million RMB [7] Group 2: Financial Forecasts - Liangpinpuzi expects a net loss of 120 million to 160 million RMB for the year 2025, with a decrease in sales revenue and gross margin due to store restructuring and product price adjustments [2] - Furi Electronics anticipates a net loss of approximately 50 million RMB for 2025, with a projected net loss of about 73 million RMB after excluding non-recurring gains and losses [5] Group 3: Industry Trends - Cainiao's global overseas warehouse order volume is expected to grow by 32% year-on-year in 2025, with plans to expand coverage and automation in key markets [6] - Alibaba Health's AI product "Hydrogen Ion" has completed internal testing and is now available for download, targeting clinical and research fields [10] - Feishu is collaborating with Anker Innovation to launch a smart recording device named "AI Recording Bean," marking its first hardware product since its establishment [11]