Tesla (NASDAQ: TSLA) stock has managed to evade the fallout of the electric vehicle (EV) maker’s business-side issues for about a year, but the imminent earnings reports for the fourth quarter (Q4) of 2025, scheduled for January 28, 2026, could dramatically change the situation.The most recent foreboding sign came earlier this month with the release of Tesla’s deliveries report, which demonstrated an underperformance against expectations. Elon Musk’s EV maker, according to the document, shipped 418,227 cars ...

According to a Bloomberg report, Tesla is struggling to sell roughly a third of the initial batch of vehicles it imported into India last year. Sluggish demand left around 100 Model Y sport utility vehicles unsold nearly four months after the company shipped about 300 units into the country, people familiar with the matter told Bloomberg. To reduce inventory, Tesla is offering discounts of up to Rs 2,00,000 on select Model Y variants, though these offers are being made quietly to individual customers rathe ...

Core Insights - U.S. automakers are diversifying into the energy storage sector as they shift focus from electric vehicles (EVs) and aim to utilize their battery factories, which have substantial investments [1][2] Industry Overview - The energy storage market leverages similar technology as EV batteries, providing solutions for homes, businesses, and utilities [1] - Electricity demand is increasing, driven by the growth of data centers and the electrification of appliances, although the future demand for energy storage remains uncertain [3][4] - Renewable energy sources face intermittency issues, and batteries can help mitigate this by storing excess energy for later use [4] Company Developments - Ford is converting its Kentucky battery factory to produce energy storage batteries and plans to allocate space in its Michigan factory for residential storage [5][6] - Tesla's Energy division has been profitable, with margins significantly higher than its automotive business, contributing about 20% to total revenue [7] - General Motors (GM) has launched GM Energy and introduced the PowerBank, with sales reportedly increasing fivefold since January [8][9] Market Demand - The cost of battery storage systems has decreased significantly compared to projections from 15 years ago, and there is a guaranteed customer base due to regulatory requirements in some states [10] - The residential battery market, while promising, faces challenges due to high costs for homeowners [11] - Demand from commercial sectors, particularly data centers, is expected to surge, with projections indicating a potential threefold increase in energy demand by 2028 [12] Challenges and Competition - Transitioning to energy storage is fundamentally different from automotive sales, requiring distinct marketing and technical approaches [14][15] - Automakers like Ford lack direct experience in energy storage, which may pose challenges in competing with established players in the market [16] - There are incentives for U.S. manufacturing in the energy sector, particularly against foreign competition, which could benefit companies like Ford [16][17]

划重点 ① 物理 AI 是 AI 进化的终局。机器人板块在经历 3 年跑输纳指（RBOT +72% vs QQQ +140%） 后，有望迎来右侧入场点。机器人正从死板的工业工具进化为具备"复利属性"的新物种。 ② 机器人生态呈现明显的价值分层：掌握线性执行器与精密轴承的驱动层（如 RBC、CW）正 收割确定性溢价；以激光雷达与触觉传感为核心的感知层（如 OUST、NOVT）随场景扩散迎来 爆发；而英伟达与特斯拉则通过数据飞轮锁定平台层的长期"增值税"。 ③ RockFlow 投研团队认为，当下最明智的策略是采用哑铃型持仓锚定机器人生态的隐形冠 军：以英伟达、特斯拉两大 AI 巨头作为压舱石；左手配置 RBC、CW 等毛利稳健的零部件"铲 子股"，右手博弈 OUST 等感知类标的的估值弹性。 RockFlow 本文共4294字， 阅读需约15分钟 回看过去三年，美股机器人赛道的表现确实有些落寞。代表行业基准的 RBOT ETF 虽上涨了 72%，但同期纳斯达克指数却一路上扬近 140%，几乎 是 RBOT 涨幅的 2 倍。 这种差距不是因为机器人主题没有吸引力，更多是由于"技术预期"与"商业落地"之间那道难以跨 ...

Core Insights - Tesla's stock rose 11% in 2025, following a 63% increase in 2024, despite being one of the "Magnificent Seven" stocks that underperformed the market last year [1][2] - 2025 marked the first year of declining revenue in Tesla's history, with expectations of continued declines in margins and earnings [3] - Analysts predict a rebound in 2026, with revenue expected to reach $107.5 billion, a nearly 14% increase from 2025, and earnings per share projected to rise by 32% to $2.17 [5] Market Performance - Tesla's stock performance in 2025 was below the overall market return, although it has more than tripled in value over the past three years [2] - The expiration of the $7,500 tax credit for EVs negatively impacted sales, with EVs accounting for 12% of domestic car sales in Q3 2025 [4] Future Outlook - Analysts expect a recovery in both revenue and profitability for Tesla in 2026, with a focus on its energy generation and storage products, which are growing at a double-digit rate [5][6] - The rollout of Tesla's robotaxi business and advancements in its Full-Self Driving (FSD) platform could significantly impact future growth [7] - Expectations for 2027 include revenue acceleration to the high teens and potential benefits from Tesla's investments in AI and consumer robotics [8]

（文 / 观察者网 周盛明 编辑 / 高莘） 据彭博社1月15日报道，知情人士透露，特斯拉在印度遇冷，未售出的Model Y被迫打折促销。 知情人士称，特斯拉四个月前向印度出口了约300辆Model Y，但是由于需求疲软，目前这批车仍有约 100辆尚未售出。为清理库存，特斯拉正对部分Model Y车型提供最高20万卢比（约合人民币1.55万元） 的折扣。 知情人士表示，此次折扣仅适用于去年运抵印度的部分库存车型，版本为Model Y标准续航版。目前， 特斯拉并未以官方促销的形式在印度推广优惠政策，而是仅面向特定客户和试驾人群进行定向优惠。 据悉，特斯拉于去年7月正式进入印度市场，尽管进口车在当地面临高达110%的关税，公司仍寄希望于 品牌影响力推动销售。叠加关税后，Model Y的起售价接近7万美元（约合人民币48.93万元）。 彭博社表示，由于特斯拉在印度的品牌曝光有限且售价偏高，消费者对特斯拉的接受度仍然不足。据 悉，为吸引豪华车消费者，特斯拉于去年11月聘请前兰博基尼印度负责人沙拉德·阿加瓦尔（Sharad Agarwal）负责当地业务。 "部分潜在客户在试驾后选择放弃购买，转而选择价格更低的车型，例如 ...

Waymo又闯祸了！！ 这家谷歌旗下的自动驾驶公司，继闯入警匪对峙现场、停电干崩硅谷之后……这次差点给乘客小命搭上： 是的，你没看错。 它这次直接载着乘客开上了城市道路中央的铁轨，而且后面就有一辆跟上来的小火车。 这下可给乘客吓懵了~于是赶紧弃车跑路了。 事件一出，"前科累累"的Waymo再次引发网友声讨，而且连带着它所代表的"L4直达派"也再次受到质疑。 然而就在此时，"L2升维派"的代表特斯拉这边，FSD可是又有新进展了—— 马斯克最新发声，FSD停止买断交易，从此转为订阅。 以Waymo、特斯拉为代表的两大派系对决升级，今年的自动驾驶之争，想来是更精彩了。 Waymo停铁轨上，乘客弃车逃生 Waymo又掉链子了……而且是在和特斯拉火拼竞速、两大路线正巅峰对决的时刻。 它这次"闯祸"的地点位于亚利桑那州凤凰城。从围观路人提供的视频可以看到： 虽然旁边就是宽阔无比的马路，但它还是径自开到了一条铁轨线上，而且顺着铁轨一路前行。 见此情景，开车路过的小哥都惊了，于是连忙刹了一脚停下来围观。 要知道此时车里还坐着乘客，情况已经危急起来。 而待镜头拉远后，所有人更是为乘客捏一把汗——Waymo前后都有小火车缓缓逼近 ...

公司评论 第一上海研究部 research@firstshanghai.com.hk 2026 年 1 月 15 日 星期四 【公司评论】 特斯拉（TSLA）：周报 852-25321957 Jinglin.li@firstshanghai.com.hk Robotaxi：奥斯汀和湾区扩大 Cybercab 车队 1 月 5 日，特斯拉已在奥斯汀和加州湾区扩大了其 Cybercab 测试车队。据 Robot axi Tracker 报道，目前共有 7 辆 Cybercab 出租车在运营。马斯克表示，特斯拉 已经在位于奥斯汀郊外的德克萨斯超级工厂开始了该车型的部分测试生产阶段。目 前 Robotaxi 车队在奥斯汀和旧金山湾区共有 139 辆车，其中绝大多数是 Model Y， Cybercab 是最新加入车队的车型。 xx.chen@firstshanghai.com.hk | 行业 | 汽车 | | --- | --- | | 股价 | 447.20 美元 | | 市值 | 1.49 万亿美元 | | 总股本 | 33.26 亿股 | | 52 周高/低 | 498.83 美元/ | | | 214.25 ...

Tesla Inc. (NASDAQ:TSLA) has revealed its new Lithium Refinery in Texas, intending to scale up battery production and localize supply chains.First-Of-Its-Kind Facility, Tesla SaysThe company's official North America handle posted a video on the social media platform X on Wednesday, showcasing the company's Lithium refinery in Texas. "Regionalized access to critical battery minerals brings jobs, cuts emissions & helps accelerate our mission," Tesla said in the post.The video described how the facility was th ...

总第 4944 期 2026 年 1 月 15 日 星期四 研究观点 新力量 New Force 第一上海研究部 research@firstshanghai.com 【公司评论】 特斯拉（TSLA）：周报 【行业评论】 互联网行业周报 第一上海证券有限公司 香港中环德辅道中 71 号永安集团大厦 19 楼 咨询热线：400-882-1055 服务邮箱：Service@firstshanghai.com 网址：www.mystockhk.com 第一上海证券有限公司 www.mystockhk.com 第一上海 新力量 New Force 【公司评论】 李京霖 特斯拉（TSLA）：周报 852-25321957 Jinglin.li@firstshanghai.com.hk Robotaxi：奥斯汀和湾区扩大 Cybercab 车队 1 月 5 日，特斯拉已在奥斯汀和加州湾区扩大了其 Cybercab 测试车队。据 Robo taxi Tracker 报道，目前共有 7 辆 Cybercab 出租车在运营。马斯克表示，特斯 拉已经在位于奥斯汀郊外的德克萨斯超级工厂开始了该车型的部分测试生产阶 段。目前 Rob ...