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特斯拉面临“艰难时期”!Q2营收、净利润双位数下滑,盘后大跌4%

Core Viewpoint - Tesla is facing unprecedented challenges, with sales and profits slightly below expectations and a significant drop in free cash flow [1][3]. Financial Performance - Tesla's revenue for the last quarter was $22.496 billion, below the expected $22.74 billion, marking a 12% year-over-year decline, the largest drop in at least a decade [1]. - Adjusted net profit was $1.393 billion, a 23% year-over-year decrease [2]. - Adjusted earnings per share (EPS) was $0.40, down 40% year-over-year and below the expected $0.43 [3]. - Free cash flow was $146 million, a staggering 89% decline year-over-year, with analysts expecting $760 million [3]. Revenue Breakdown - Automotive revenue was $16.661 billion, a 16% year-over-year decline, with vehicle deliveries down for the second consecutive quarter [3]. - Energy generation and storage revenue was $2.789 billion, a 7% year-over-year decline [4]. - Services and other revenue increased by 17% year-over-year to $3.046 billion [5]. Market Challenges - Tesla is facing rising tariff costs and the expiration of federal electric vehicle tax credits, which are expected to lead to several "difficult quarters" [6][7]. - The recent legislation terminating a $7,500 federal electric vehicle tax credit will impact Tesla's business [7]. - Vehicle regulatory credit sales dropped from $890 million last year to $439 million, a decline of over 50% [7]. Production and Delivery Issues - Tesla's vehicle delivery volume fell 14% year-over-year to 384,000 units [8]. - The company is experiencing limited automotive supply in the U.S. due to sudden changes in tariffs, potentially affecting order deliveries [9][10]. Future Prospects - Despite the poor performance in the automotive sector, Tesla is focusing on advancements in artificial intelligence, humanoid robots, and autonomous driving technology [12]. - Elon Musk emphasized the importance of the company's self-driving and humanoid robot projects, suggesting that success in these areas could elevate Tesla to the highest market valuation globally [13]. - The company aims to expand its autonomous taxi service to new cities by the end of the year and is seeking regulatory approval in various regions [14]. - Plans for mass production of the Optimus humanoid robot are set for next year, with a target of producing 1 million units annually within five years [15].