大家好我是大鱼 马斯克用两只 恐龙Emoji 给传统车厂 判了死刑 最讽刺的不是 他们拒绝了FSD 而是他们竟妄想 用五年后的计画 来对接每周 都在进化的AI 这哪里是造车？ 根本是在考古！ 这其实更是 老马的一记 「免责声明」 当未来Robotaxi 血洗市场 这就是他 仁至义尽的铁证 面对这场 注定的灭顶之灾 传统车厂 还有救吗？ 大家不要错过 今天的精彩内容 OK let's go 特斯拉的股票 周一收盘是417.78% 全天上涨了 26.69%美元 涨幅是6.82% 成交量是 9625万股 梅利厄斯研究 Melius Research 的分析师 罗布· 韦特海默Rob Wertheimer 刚刚发布了 一份报告 他没有跟你纠结 下个季度的销量 而是直接抛出了 一个历史性的判断 报告认为 Tesla 的自动驾驶 优势正在接近一个 『不可逆转的临界点』 而这将引发 现代工业史上最大的 价值转移之一 这话说得有多重？ 他接着补了一刀 这句话我建议 所有还在看空 Tesla 的人听三遍 他说我们的观点 不是Tesla 处于风险之中 而是除了Tesla 以外的所有人 都在危险之中 Wertheimer说 未来五 ...

Investment Rating - The investment rating for Horizon Robotics is "Buy" with a high risk designation [7]. Core Insights - Horizon Robotics expects significant growth in shipments for 2026, projecting high-end shipments between 300,000 to 500,000 units, mid-end shipments around 3 million units, and low-end shipments approximately 2 million units. Key contributors to high-end shipments are anticipated to be Chery and Chang'an, accounting for 50% of the total [1][2]. - The company maintains its guidance to ship 4 million units of automotive-grade processing hardware in 2025, with mid-to-high end products making up 50% of this total [2]. - Horizon Robotics has secured design wins for its high-end ADAS solution from Chery and Chang'an, with mass production of the first models expected in the second half of 2025 [3]. - The average selling price (ASP) for various products is detailed as follows: HSD (J6P) at US$700, HSD (dual J6M) at US$400, mid-end ADAS at US$90-100, and low-end ADAS at US$20-30 [4]. - The gross margin for the J6P chip is around 50%, while the software component has a gross margin close to 100% [5]. - Horizon Robotics has established collaborations with overseas tier-1 suppliers such as Bosch, Continental, and Denso to enhance its competitiveness in international markets [5]. - The company aims to increase its market share with BYD's God's Eye C solution in 2026 and plans to explore additional solutions [9]. - Horizon Robotics believes its HSD offers a competitive edge over Huawei's ADAS solution due to its high value for money, making it suitable for mass-market models [10]. - The deployment of HSD is expected to facilitate the development of Robotaxi systems, with a partnership announced with Hello Inc. in September 2025 [11]. - The valuation of Horizon Robotics is based on projected strong growth in the ADAS market from 2025 to 2030, with a target price set at HK$12.30, reflecting a potential return of 49.1% [12].

TechCrunch Mobility: Searching for the robotaxi tipping point https://t.co/N6jHwzRfCI ...

大家好我是大鱼 特斯拉刚无预警 推送FSD v14.2% (2025.38%.9.5%) 这不是日常吹牛 而是底层逻辑 的全面翻新！ 这次升级核心是 「视觉编码器」 的大跃进 FSD将不再只是 看到「有辆车」 而是能识别出 闪着警灯的救护车 并主动让行！ 决策也从 毛躁青少年 变成开了十年 的老司机 更懂得看手势 避开路面碎片 版本进化 正在补齐 Robotaxi最细节 也最难的拼图 它不再追求 「能开车」 而是追求 「开得像人」 大家不要错过 今天的精彩内容 OK let's go 特斯拉的股票 周五收盘 是391.09% 全天下跌了 3.96%美元 跌幅是1.00% 成交量是 9912万股 第一部分 FSD v14.2% 上路实测 今天的影片 可能会让 一半的人 兴奋尖叫 让另一半的人 特别是老车主 感到一阵心酸 特斯拉刚刚 无预警推送了 FSD (Supervised) v14.2% 版号2025.38%.9.5% 大家别以为 这只是马斯克 日常吹牛 改个版号 骗骗股价 就在几个小时前 Tesla AI 资深工程师 Yun-Ta Tsai 直接在X 上发了 一条意味深长的推文 只有短短一句话： 这可绝不 ...

Group 1 - The core viewpoint of the articles highlights a significant shift in investor sentiment towards valuations, particularly among S&P 500 stocks, with some trading at extremely high price-to-earnings ratios of 150 or more [1] - The article mentions that the AI stock market is experiencing severe downturns, with a reported loss of $2.4 trillion in value, indicating a potential bubble burst in this sector [2] - Specific companies such as Tesla, CVS Health, and Fidelity National Information Services are noted for their inflated valuations, which may raise concerns among investors [1] Group 2 - Nvidia's recent earnings report has led to a sell-off, impacting other major tech stocks like Amazon, Meta, and Microsoft, suggesting a broader market reaction to tech earnings [4] - Analysts are warning that nine stocks are at risk of significant declines, indicating potential volatility in the market [4] - The article also notes that 13 S&P 500 stocks have slipped into bear market territory, reflecting a challenging environment for investors [4]

Supply Chain & Geopolitics - The automotive industry is heavily reliant on China for critical components, with over 30% of key basic electronic components requiring Chinese manufacturing processes [1] - Tesla and GM are accelerating the relocation of their supply chains out of China to mitigate risks associated with geopolitical tensions and potential supply disruptions [1] - A potential $26 billion non-cash loss due to a court case regarding Elon Musk's 2018 compensation plan is framed as an "accounting smokescreen" that should not deter investors focused on Tesla's underlying business fundamentals [1] Business Strategy & Operations - Tesla is expanding its official rental program, offering Model 3/Y at $60 per day, Model S/X at $90 per day, and Cybertruck at $75 per day, including unlimited mileage, free supercharging, and FSD, to encourage trial and adoption [2] - Tesla is building its Robotaxi infrastructure by establishing rental operations to refine vehicle maintenance, management, and service processes, potentially transforming rental locations into Robotaxi operation centers [2] - Tesla is transitioning from a closed ecosystem to an open infrastructure service provider, exemplified by integrating its Supercharger network into Edenred's UTA eCharge system, granting access to over 20,000 charging points across 1,500 European locations for corporate fleets [2] Technology & Innovation - An analyst from Piper Sandler experienced a flawless Robotaxi ride in a Fremont factory, leading to a restatement of an "overweight" rating for Tesla with a target price of $500 [2] - Tesla's new compensation plan for Elon Musk sets an ambitious target of $85 trillion market capitalization, implying the large-scale deployment of Robotaxi and the full commercialization of Optimus humanoid robots [2]

Core Viewpoint - The company has shown significant growth in vehicle deliveries and revenue, with a strong focus on technological collaboration and product innovation, while also facing challenges in profitability and cost management [1][2][3]. Group 1: Financial Performance - In Q3, the company delivered 116,000 vehicles, a year-on-year increase of 149%, leading to a revenue growth of 102% to 20.38 billion yuan [1]. - The automotive sales revenue and service revenue were 18.1 billion yuan and 2.3 billion yuan, respectively, reflecting year-on-year growth of 105% and 78% [1]. - The overall gross margin for Q3 was 20.1%, an increase of 4.9 percentage points year-on-year and 2.8 percentage points quarter-on-quarter [1]. - The net loss attributable to the parent company in Q3 was 380 million yuan, significantly narrowing compared to previous periods [1]. Group 2: Future Outlook - For Q4, the company expects vehicle sales between 125,000 and 132,000 units, representing a year-on-year growth of 36.6% to 44.3%, with total revenue projected between 21.5 billion and 23 billion yuan [2]. - The company anticipates maintaining a gross margin of around 20% in Q4 [2]. Group 3: Product and Market Development - The company plans to launch the X9 super range extender version on November 20, with three additional super range extender models set for Q1 2026 [3]. - The company is focusing on enhancing brand strength and emotional value through improved design and technology, with key design personnel joining from prestigious automotive brands [3]. - In the overseas market, the company delivered 29,706 vehicles in the first three quarters, with September sales surpassing 5,000 units, a year-on-year increase of 79% [4]. Group 4: Technological Advancements - The company announced the latest generation of its intelligent driving model, VLA 2.0, which has been trained on nearly 100 million clips, equating to extreme driving scenarios [5]. - The upcoming "Xiaolu NGP" feature is expected to significantly enhance intelligent driving performance in complex environments [5]. - The company plans to introduce three Robotaxi models in 2026, aiming for trial operations in the domestic market [6].

FSD (Full Self-Driving) Performance & Safety - Piper Sandler's analyst Alex Potter reports FSD v14 performed flawlessly in Fremont, calling it better than the average American driver and delivering a perfect robotaxi ride with zero interventions [1] - Tesla's FSD safety data indicates one crash every 669 million miles, approximately 10 times safer than the US average of one crash every 670 thousand miles [1] Market Perception & Future Outlook - Analyst maintains an Overweight rating on Tesla with a $500 target price [1] - The report suggests the arrival of robotaxis might be sooner than skeptics anticipate [2]

Core Viewpoint - XPeng Motors reported a significant increase in delivery volume and revenue for Q3, but the market reacted negatively due to lower-than-expected guidance for Q4 and concerns over declining vehicle prices and sales of higher-end models [1][4][12] Financial Performance - In Q3, XPeng Motors delivered 116,000 vehicles, a year-on-year increase of 149.3%, with revenue reaching 20.38 billion yuan, up 101.8% year-on-year [1] - The net loss for the quarter was 380 million yuan, a significant reduction from 1.81 billion yuan in the same period last year [4] - The company expects Q4 revenue to be between 21.5 billion and 23 billion yuan, representing a growth of approximately 33.5% to 42.8% [1] Market Reaction - Following the earnings report, XPeng's stock fell 6% in the US and 10.47% in Hong Kong, with continued declines over the next two days, indicating market disappointment [2][4] Sales Structure and Pricing - The MONA M03 model, positioned in the mid-to-low-end market, accounted for about 40% of sales, contributing to revenue growth but leading to a decline in average selling prices [2][4] - The average selling price of XPeng vehicles dropped from 205,700 yuan in 2022 to 188,500 yuan in 2024, with further declines noted in Q3 to 156,000 yuan [6][4] High-End Model Performance - Sales of higher-end models, such as the new P7, showed a decline after initial success, with October sales dropping over 30% from the previous month [9] - The G9 and X9 models also experienced significant sales drops, with monthly sales falling below 1,000 units [9][11] Strategic Diversification - Despite poor performance in the automotive sector, XPeng is expanding into new areas such as robotics and flying cars, which raises concerns about the focus on its core business [3][12] - The company aims to accelerate the development of AI and Robotaxi technologies, with plans for mass production by 2026 [11][12] Profitability and Margins - XPeng's gross margin reached 20.1% in Q3, but the automotive business gross margin fell to 13.1%, down from 14.3% in the previous quarter, raising further concerns about future profitability [12]

Group 1 - The MEET2026 Intelligent Future Conference will be held on December 10, 2025, in Beijing, focusing on various AI topics from AI infrastructure to cutting-edge areas like AI agents and Robotaxi [1][51]. - The conference aims to connect academia with industry, addressing current hot topics while delving into future industry trends [2]. - The event will feature prominent speakers from leading companies such as Baidu, JD, Qualcomm, and Amazon, showcasing a diverse range of expertise in AI [6][49]. Group 2 - The conference will also unveil the "Artificial Intelligence Annual List" and the "Annual AI Trend Report," which are expected to highlight significant developments and trends in the AI sector [49][50]. - The "Artificial Intelligence Annual List" will evaluate companies, products, and individuals across three dimensions, becoming one of the most influential lists in the AI industry [50]. - The "Annual AI Trend Report" will analyze ten major AI trends based on technology maturity, implementation status, and potential value, identifying key organizations and best cases [51]. Group 3 - The conference is positioned as a significant technology business summit, attracting thousands of tech professionals and millions of online viewers, establishing itself as an annual barometer for the intelligent technology industry [53]. - The event seeks to gather representatives from technology, industry, and investment sectors to discuss pathways for industry breakthroughs and insights into the new intelligent future [53].