人民财讯12月30日电，12月30日，何小鹏表示，在2026年，下一代真正的全自动驾驶会真正到来，直接 从L2到L4(L3已经被跳过)。小鹏的Ultra版本将会实现完全下一代的自动驾驶，也用同一套模型实现 Robotaxi。端到端小模型的上限是L2，城市NOA很快就会类似当前的自动泊车，成为智能汽车的低配， 而高配则是全自动驾驶。未来3年，有全自动驾驶能力的汽车才是下一代智能汽车，类似iPhone出来 时，所有以前的智能手机都成为了功能机那样。 ...

来源：出行派 责任编辑：杨赐 来源：出行派 责任编辑：杨赐 ...

凤凰网科技讯北京时间12月17日，据CNBC报道，美国加州机动车管理局(DMV)周二表示，一名加州行 政法法官近日裁定，特斯拉围绕其"自动辅助驾驶系统"(Autopilot)和"全自动驾驶系统"(FSD)的宣传营销 存在误导性，该公司在加州的车辆销售与生产牌照应被暂停30天。 特斯拉在加州的电动汽车 DMV早在2022年就正式指控特斯拉存在虚假宣传行为。DMV局长史蒂夫.戈登(Steve Gordon)周二在新 闻发布会上表示，DMV将先给予特斯拉90天时间澄清或删除有关Autopilot和FSD系统具有误导性或容易 引发混淆的表述，否则将实施为期30天的汽车销售牌照暂停处罚。(作者/箫雨) ...

Investment Rating - The report does not explicitly state an investment rating for Tesla (TSLA) [4]. Core Insights - Tesla's Full Self-Driving (FSD) v14.2.1 update includes significant enhancements, allowing drivers to send text messages while driving, subject to traffic conditions [3]. - The FSD experience project in Europe has been extended, with a new trial period from December 1, 2025, to March 31, 2026, in major cities across Germany, France, and Italy [5]. - Tesla's Optimus robot has shown improved capabilities, including natural running and enhanced dexterity, moving closer to the vision of robots manufacturing other robots [6]. - Demand for the Model Y in China remains strong, with delivery dates pushed to early 2026 due to high order volumes [7]. - New versions of the Model 3 and Model Y have been launched in Europe, with competitive pricing aimed at increasing market penetration [9]. - Tesla is expanding its CyberCab production team and upgrading external camera systems to enhance its autonomous driving capabilities [10][11]. - The Megapack project in Hokkaido, Japan, has officially launched, contributing to Tesla's growth in the energy storage market [12]. Summary by Sections FSD Update - Major updates to FSD v14.2.1 include new texting capabilities while driving, pending regulatory considerations [3]. European Expansion - The FSD experience has been well-received in Europe, leading to an extension of the trial period [5]. - New Model 3 and Model Y standard versions have been introduced in Europe, with competitive pricing [9]. Robotics Development - The Optimus robot has demonstrated significant advancements in movement and dexterity, aligning with Tesla's manufacturing vision [6]. Electric Vehicle Demand - The Model Y continues to perform well in the saturated Chinese market, with delivery timelines indicating strong demand [7]. Production and Technology Enhancements - Tesla is actively hiring for its CyberCab production team and upgrading its camera systems to support autonomous driving [10][11]. - The Megapack project in Japan marks a significant step in Tesla's energy storage initiatives [12].

新力量 New Force 第一上海研究部 research@firstshanghai.com 总第 4920 期 2025 年 12 月 9 日 星期二 研究观点 【公司研究】 网易（NTES.US/9999.HK，买入）：Q3 递延收入同比增长 25%，未来游戏产品储备丰富 【公司评论】 特斯拉（TSLA）：周报 奈飞（NFLX）：奈飞+华纳，下一个时代的媒体巨头 评级变化 | 公司 | 代码 | 评级 | 目标价(港元） | | 2025年EPS(港元) | | | 2026年EPS(港元) | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 新 旧 新 | 旧 | 变动 | 新 | 旧 | 变动 | 新 | 旧 | 变动 | | 网易（美元） | NTES | 买入 买入 165.00 | 160.00 | 3% | 8.300 | 8.600 | -3% | 8.800 | 9.100 | -3% | 第一上海证券有限公司 香港中环德辅道中 71 号永安集团大厦 19 楼 咨询热线：400- ...

欲览更多环球财经资讯，请移步7×24小时实时财经新闻 市场 12月6日收盘：美股收高道指涨100点 三大指数本周均录得涨幅 12月6日美股成交额前20：英伟达称大模型厂商多是其间接客户 12月6日热门中概股普涨 百度涨5.85%，腾讯音乐跌0.72% 原油期货周四上涨，降息预期与乌克兰和谈停滞支撑油价 白银价格创新高 欧洲股市连续第二周上涨 市场看好美联储12月降息 宏观 美国官员证实特朗普会见墨西哥和加拿大领导人 巴西前领导人博索纳罗支持其长子竞选总统 巴西资产跌幅扩大 美国最高法院将审理特朗普限制自动出生公民权一案 美国10月消费者信贷环比增加91.78亿美元 低于预期 哈塞特支持改革地区联储行长选拔要求 预测明年美国经济将繁荣 克里姆林宫希望获得美国对与乌克兰会谈的分析 欧洲央行管委Villeroy认为通胀下行风险大于上行风险 美国9月消费支出几无增长 核心PCE通胀率符合预期 公司 SpaceX洽谈出售股份 公司估值升至8000亿美元 网飞收购华纳兄弟探索公司资产 OpenAI在谷歌Gemini崛起后匆忙推出GPT-5.2 马斯克表示未来可在全自动驾驶状态下发送短信 花旗集团市净率七年来首次升至1 拉 ...

美股周五尾盘，特斯拉股价小幅上涨0.17%，此前马斯克表示未来可在全自动驾驶状态下发送短信。 美股周五尾盘，特斯拉股价小幅上涨0.17%，此前马斯克表示未来可在全自动驾驶状态下发送短信。 责任编辑：张俊 SF065 责任编辑：张俊 SF065 ...

Core Insights - Tesla's CEO Elon Musk announced the completion of the design review for the AI5 chip, expressing confidence in its future performance [1][3] - Musk also revealed plans for the development of AI6 and AI7 chips, along with high expectations for the AI8 chip [1][3] Chip Development - The AI5 chip is the next-generation FSD chip with a computing performance of 2000 to 2500 TOPS, which is five times that of the current HW4 chip, enabling more complex unsupervised FSD algorithms [5] - The AI5 chip is being manufactured by TSMC and Samsung, with TSMC using a 3nm N3P process for mass production and Samsung as a backup foundry [5] Hardware Upgrades - The AI5/HW5 hardware suite will feature an upgraded FSD camera, equipped with Samsung's "weatherproof lens" that includes heating elements to melt ice and snow within a minute, and has a lens coating strength six times that of the current Model Y camera [6] - In July, Musk indicated that Tesla would commission Samsung to produce the next-generation AI6 chip, with a signed agreement valued at $16.5 billion (approximately 117.07 billion RMB at current exchange rates) [6] - Musk previously stated that Tesla is nearing the realization of a "universal, pure AI full self-driving solution" that relies entirely on cameras and Tesla's self-developed AI chips [6]

Core Insights - The article emphasizes that Tesla has transformed from a traditional car manufacturer into a vertically integrated technology and energy platform, possessing multiple reinforcing "moats" that enhance its competitive edge [2][3][14] Group 1: Manufacturing and Integration - Tesla's manufacturing advantage is the foundation of its competitiveness, showcasing vertical integration and engineering efficiency through innovations like "gigacasting" technology and structural battery packs [4] - The company has moved past the "production hell" that many competitors still face, allowing it to maintain a superior cost structure and innovation speed [4] Group 2: Data and AI - Tesla has built the world's largest autonomous driving dataset, with over 6 million vehicles transmitting billions of miles of real driving data daily [6][7] - This data-driven approach enhances Tesla's Full Self-Driving (FSD) system, creating a "flywheel effect" where improved systems attract more users, generating more data [7][8] Group 3: Distribution and Ecosystem - Tesla employs a direct-to-consumer sales model, eliminating intermediaries and strengthening brand and customer relationships [9] - The global Supercharger network has become an industry standard, further enhancing user retention and network effects [9] Group 4: Brand and Vision - Tesla is not just an automaker but a cultural symbol of progress and innovation, akin to Apple, fostering strong emotional connections with consumers [11] Group 5: Platform Expansion - Tesla's autonomous driving technology and future ride-hailing network could transform its vehicles from depreciating assets into revenue-generating ones [12] - The company aims to operate its own autonomous taxi network, avoiding the costs associated with driver payments, which enhances its economic advantages [12][13]

Core Insights - Tesla reported record total revenue of $28.095 billion for Q3 2025, a 12% increase from $25.182 billion in the same period last year, but net profit attributable to common shareholders decreased by 37% to $1.373 billion from $2.173 billion year-over-year [2] Group 1: Financial Performance - Total revenue reached a record $28.095 billion, up 12% from $25.182 billion year-over-year [2] - Net profit attributable to common shareholders was $1.373 billion, down 37% from $2.173 billion year-over-year [2] - Revenue exceeded analyst expectations, but adjusted earnings per share fell short, leading to a more than 1% decline in Tesla's stock price in after-hours trading [3] Group 2: Strategic Developments - CEO Elon Musk stated that Tesla is at a critical turning point, with Full Self-Driving (FSD) and autonomous taxis set to transform the transportation industry [3] - Musk plans to expand production capacity as soon as possible within Tesla's capabilities [3] - Tesla is working with regulators in China and Europe, the Middle East, and Africa to obtain approval for FSD [5] Group 3: Future Innovations - Musk revealed that the Optimus V3 humanoid robot may be released in the first quarter of next year [4] - Tesla expects to operate autonomous taxis in Nevada, Florida, and Arizona by the end of 2025, depending on regulatory approval [6] Group 4: Challenges and Competition - CFO Vaibhav Taneja identified competition and tariffs as significant challenges, with tariffs impacting over $400 million in Q3 [6] - Musk mentioned that both Samsung and TSMC will produce Tesla's AI5 autonomous driving chips [7] Group 5: Corporate Governance - Taneja urged shareholders to support Musk's $1 trillion compensation plan and the re-election of three board members at the upcoming shareholder meeting on November 6 [8] - Musk emphasized the importance of increasing voting control, expressing concerns about the potential for being ousted [8]