特斯拉市值一夜蒸发超4300亿元

Core Viewpoint - Tesla's stock experienced a significant decline, with a 4.14% drop in a single day, resulting in a market capitalization decrease of $66.23 billion, equivalent to over 43.46 billion RMB, nearly matching the total market value of five NIOs [3]. Group 1: Tesla's Performance - In 2025, Tesla's global vehicle deliveries are projected to be 1.636 million, reflecting an approximate 8.6% year-over-year decline, marking two consecutive years of sales drop [4]. - Tesla's electric vehicle sales were surpassed for the first time by Chinese manufacturer BYD, which reported a total sales volume of 4.6024 million units in 2025, a year-over-year increase of 7.73% [5]. - In December 2025, Tesla's vehicle deliveries were significantly lower than expected, with actual deliveries of 418,200 units, a 15.6% year-over-year decline, falling short of market consensus estimates [7]. Group 2: Competitive Landscape - BYD's sales in Germany for 2025 increased sevenfold to 23,306 units, while Tesla's sales nearly halved to 19,390 units [5]. - In the UK, BYD outperformed Tesla with total sales of 51,422 units compared to Tesla's 45,513 units for the year [6]. - Tesla's new vehicle registrations in the EU saw a nearly 34.2% year-over-year decline in November 2025, with a market share drop to 1.3% [7]. Group 3: Financial Performance - Tesla's Q3 2025 revenue reached $28.1 billion, a 12% year-over-year increase, marking a historical high for the period [8]. - However, the net profit for the same quarter was $1.373 billion, a 37% year-over-year decrease, with an operating profit margin of only 5.8%, the lowest in nearly five years [8].