Tesla(US:TSLA) 券商中国·2025-06-21 07:15Core Viewpoint - The article discusses the speculation surrounding Elon Musk seeking political asylum in Russia, alongside Tesla's significant capital expenditures and potential challenges in its business operations [1][2][3][4]. Group 1: Political Asylum Speculation - Russian officials, including Kremlin spokesperson Dmitry Peskov, have responded to rumors about Musk seeking political asylum, suggesting it may be a rumor and calling for official statements before further comments [1][2]. - The Deputy Chairman of the Russian State Duma, Vladislav Davankov, indicated that the Russian Foreign Ministry received a request from Musk for political asylum, which could be beneficial for Russia [3]. - Musk's father has expressed skepticism regarding the authenticity of the asylum request, stating he does not believe it to be true [3]. Group 2: Tesla's Capital Expenditures - Tesla announced a total capital expenditure of approximately $44 billion (around 315.9 billion RMB) as of early this year, with $10 billion (about 71.8 billion RMB) spent in the previous fiscal year and plans for an additional $8 billion this fiscal year [4][5]. - A significant portion of Tesla's investment is directed towards artificial intelligence, with plans to invest around $10 billion in AI by 2024, focusing on in-house developments and supercomputing capabilities [5]. Group 3: Financial Challenges - Wells Fargo analysts have warned of deteriorating fundamentals for Tesla, predicting that the company's free cash flow may turn negative for the first time since 2018 due to declining vehicle deliveries and reduced revenue from zero-emission vehicle credits [6]. - The forecast for Tesla's second-quarter vehicle deliveries is only 343,000, approximately 17% lower than consensus expectations, which could negatively impact profit margins [6].