特斯拉：周报-20250220

Investment Rating - The report does not explicitly state an investment rating for Tesla (TSLA) [2]. Core Insights - Tesla has launched Full Self-Driving (FSD) in Mexico, marking its first expansion outside the US and Canada, which may be due to fewer regulatory hurdles compared to Europe and China [3]. - The approval for FSD in China is currently hindered by trade tensions between the US and China, with no clear timeline for regulatory approval [4]. - Tesla plans to release new versions of the Model Y, including a high-performance variant and a seven-seat version, expected to launch around September or October 2025 [5]. - The US government is anticipated to award Tesla a $400 million contract for armored vehicles, with the contract expected to last five years [6]. - Production of the Powerwall home battery system has increased by 50$355.84, with a market capitalization of $1.14 trillion and a total share count of 3.217 billion [8]. - The 52-week high and low for Tesla's stock are$488.54 and $138.80, respectively, with a book value per share of$22.66 [8]. Delivery Data - In January 2025, Tesla's wholesale deliveries in China were 63,238 units, reflecting a month-over-month decline of approximately 33% and a year-over-year decline of about 11% [10]. - For the second week of February 2025, Tesla's domestic insurance registrations were approximately 6,220 units, showing a quarter-over-quarter decline of about 64% but a year-over-year increase of about 9% [11].