特斯拉 2025Q4 净利润 8.4 亿美元同比降 61%，同时20 亿美元加码 xAI

Core Viewpoint - Tesla's annual revenue and net profit have declined for the first time, influenced by market conditions, while the company is investing approximately $2 billion in AI through xAI to strengthen its strategic positioning in the technology sector [1][3]. Financial Performance - In Q4 2025, Tesla's total revenue was $24.901 billion, a decrease of 3% from $25.707 billion in the same quarter last year [3]. - The net profit attributable to common shareholders for Q4 2025 was $840 million, down 61% from $2.128 billion year-over-year, indicating significant profit pressure [3]. - For the full year 2025, Tesla's total revenue reached $94.827 billion, a 3% decline from $97.690 billion in 2024 [3]. - The annual net profit attributable to common shareholders was $3.794 billion, a 46% decrease from $7.091 billion in 2024, reflecting overall performance pressure [3]. Strategic Investments - Tesla is continuing its strategic initiatives during this performance adjustment period by investing approximately $2 billion in xAI, which is part of a recent funding round for the AI company [3]. - This investment aims to deepen Tesla's engagement in the artificial intelligence sector, laying the groundwork for future technological innovation and business expansion [3]. Market Reaction - Despite the annual performance decline, Tesla's Q4 revenue and adjusted earnings per share exceeded market analysts' expectations, boosting investor confidence [3]. - Following the earnings report, Tesla's stock price rose over 3% in after-hours trading [3]. - On the Nasdaq, Tesla's opening price was $431.91, closing at $431.46, with a slight increase of 0.13% during regular trading [3].