当地时间1月28日，特斯拉发布的第四季度财报显示，公司当季营收249.0亿美元，同比减少3.1%；经营利润14.1亿美元，同比减少 11%；自由现金流14.2亿美元，同比减少30%；毛利率20.1％；每股收益0.24美元，上年同期0.66美元；第四季度调整后每股收益0.50 美元，上年同期0.73美元。由于业绩好于预期，特斯拉盘后涨近4%。 从全年来看，特斯拉2025年有史以来首次出现年度营收下滑的情况。特斯拉2025年总营收约为948亿美元，同比 下滑3%。同期净利润约 为37.94亿美元，同比 下滑 46%。 新车交付量减少是营收下滑的重要原因。特斯拉2025年全球交付汽车163.6万辆，同比下降约8.6%。这也是特斯拉连续第二年交付量下 滑。 特斯拉首席执行官马斯克在财报会议上表示，公司将在下个季度停产Model S和Model X车型。"现在是时候让Model S和Model X项目光 荣退役了，因为我们正真正迈向以自动驾驶为核心的未来，" 特斯拉宣布计划向xAI注资约20亿美元，双方签署了"框架协议"以深化合作关系，"增强特斯拉开发并部署人工智能产品及服务至物理世界 的能力"。 马斯克在财报会议上表 ...

另据智通财经，当地时间1月28日，特斯拉财报显示，特斯拉2025年第四季度实现总营收249.01亿美元，同比下降约 3%，这主要受到全球电动车需求放缓以及持续降价策略的影响，但超过了分析师平均预期的247.9亿美元。 据智通财经，当地时间1月28日，特斯拉在财报会议上透露，公司正精简其汽车产品线，同时规划今年投入200亿美 元，以转向机器人技术和自动驾驶领域。特斯拉今年计划在提升产能的同时改造部分工厂，构建人工智能基础设施， 并扩大Optimus人形机器人及无人驾驶Robotaxi车辆的产量。 图源：VCG 特斯拉表示，此次投资所采用的条款与该轮融资中其他投资者此前达成的市场化条款一致。公司同时称，在《总体规 划（MasterPlan）第四部分》框架下，特斯拉与xAI还签署了一项与该投资相关的框架协议，用于评估双方在人工智能 领域的潜在合作机会。 其中汽车业务收入为176.93亿美元，同比下降约11%，仍是公司收入的绝对主体，但占比继续下降。能源发电及储能 业务收入达到38.37亿美元，同比增长约25%，延续高增长态势。 GAAP（公认会计准则）净利润为8.4亿美元，同比下降约61%；非GAAP净利润为17. ...

当地时间1月29日，日韩股市开盘表现分化。日经225指数开盘跌0.11%，报53301.26点；韩国综合指数 涨1.40%，报5243.42点。 美东时间1月28日，美股三大指数收盘涨跌不一。截至收盘，道指涨12.19点，涨幅0.02%，报49015.60 点；纳指涨40.35点，涨幅0.17%，报23857.45点；标普500指数盘初首次触及7000点，随后涨幅收窄， 最终收跌0.01%，报6978.03点。 欧洲三大股指1月28日全线下跌。英国伦敦股市《金融时报》100种股票平均价格指数28日报收于 10154.43点，较前一交易日下跌53.37点，跌幅为0.52%。法国巴黎股市CAC40指数报收于8066.68点，较 前一交易日下跌86.14点，跌幅为1.06%。德国法兰克福股市DAX指数报收于24822.79点，较前一交易日 下跌71.65点，跌幅为0.29%。 黄金白银涨势难挡。1月29日亚市早盘，现货黄金盘中强势站上5500美元/盎司关口，一度触及5598美 元/盎司，随后快速回落，截至8时25分报5480.33美元/盎司；现货白银一度突破119美元/盎司，现报 117.682美元/盎司。国际黄金 ...

Core Viewpoint - Tesla reported better-than-expected Q4 earnings, with record energy deployment, but faced a 3% decline in annual revenue for the first time in its history, alongside a significant 61% drop in Q4 net profit [1][5][10]. Financial Performance - Tesla's total revenue for Q4 was approximately $24.9 billion, slightly above Wall Street's expectation of $24.79 billion, despite a year-over-year decline of about 3% [2][5]. - The automotive business, which is Tesla's core revenue source, saw a significant year-over-year decline of 11%, dropping from approximately $19.8 billion to $17.7 billion [5]. - Adjusted earnings per share for Q4 were about $0.50, exceeding analysts' expectations of $0.45 [2]. Market Response - Despite the disappointing annual revenue and Q4 profit, Tesla's stock price rose in after-hours trading, reflecting investor confidence in CEO Elon Musk's vision for a "Tesla super technology empire" [1][2]. - The stock has seen a significant increase of 50% since the second half of 2025, indicating strong market sentiment despite ongoing performance challenges [1]. Strategic Investments - Tesla announced a $2 billion investment in xAI, a competitor to OpenAI, aiming to enhance its capabilities in AI applications [1][15]. - The investment aligns with Tesla's broader strategy to integrate AI into its products and services, as outlined in its Master Plan Part IV [16]. Future Growth Initiatives - Tesla is focusing on advancements in AI, autonomous driving, Robotaxi services, and the Optimus humanoid robot, which are seen as key drivers for future growth [12][14]. - The company plans to convert its Fremont factory production line to mass-produce the Optimus robot, with a target to start production by the end of 2026 [14]. Competitive Landscape - Tesla faces increasing competition, particularly from BYD in the Chinese market, which has impacted its vehicle sales in recent quarters [2][10]. - The company reported a 16% decline in electric vehicle deliveries for Q4 and an 8.6% drop in annual deliveries [8]. Energy and Storage Business - Tesla's energy generation and storage business reported revenue of approximately $3.84 billion, reflecting a year-over-year growth of 25%, which partially offsets the decline in automotive revenue [12][14]. - The company emphasized the importance of its energy business as a "hard support" against the downturn in automotive sales [5]. SpaceX and Broader Ecosystem - Tesla's long-term growth narrative is closely tied to SpaceX, with investors viewing Tesla stock as a proxy for exposure to SpaceX's potential IPO and its ambitious projects [2][18]. - SpaceX's plans for solar energy production and AI capabilities are expected to synergize with Tesla's goals, enhancing the overall valuation narrative for both companies [19][21].

Tesla's fourth quarter real, they're just crossing the wire. Let's get those numbers. Tesla Q4 just EPS50s.It looks like consensus was closer to 45 cents. So, we got a beat there. Uh Q4 revenue clocking in at 24.90% billion.Estimate was 25.11% billion. Uh Q4 gross margins, there it is, 20.1%, the estimate was 17.1%. Q4 free cash flow 1.42% 42 billion was closer to 1.59% billion.Let's get your take on this, Adam, because this is another one you own and the stock's popping about 4%. >> Love it. As it should.U ...

来源：智通财经 美东时间周三盘后，特斯拉公布了好于预期的第四季度财报业绩，推动该公司股价盘后上涨3%。不 过，特斯拉全年的营收同比下降了3%，这是该公司有史以来首次出现年度营收下滑的情况。 以下是该公司的表现情况，与LSEG调查的分析师的预期相比： 每股收益：50美分（调整后），而预期为45美分 营收：249亿美元，同比下滑3%，预期为247.9亿美元 特斯拉去年净利润明显低迷 具体来看，特斯拉第四季度汽车业务板块从198亿美元降至177亿美元，降幅为11%。 特斯拉全年营收从2024年的977亿美元降至948亿美元。特斯拉在财报中写道，营收下降的部分原因 是"车辆交付量减少"以及"监管补贴收入降低"。 本月早些时候，特斯拉公布第四季度车辆交付量同比下降了16%，全年交付量下降了8.6%。 今年上半年推广Robotaxi业务 尽管特斯拉的核心汽车业务一直面临困境，但特斯拉CEO马斯克近几个季度来一直试图将投资者的注意 力转移到其他方面——例如他一直大力宣传的新兴自动驾驶出租车业务以及尚未上市的Optimus人形机 器人。 2025年，特斯拉推出了名为"Robotaxi"的叫车应用程序，并且已在美国得克萨斯州奥 ...

2020年成立之初，Pre-A轮，百度、狮桥集团。由于DeepWay原本就是百度、狮桥联合孵化的企业，其最初的启动资金也是由两家创始股东提供。 2022年8月，A轮融资4.6亿元，创下当时智能新能源卡车造车新势力最大规模融资纪录。本轮融资由启明创投领投，联想创投、光跃投资、建信信托、慕 华科创、中电基金、交银国际、华盖资本等参投。 距离IPO不远了吧。 近日，智能新能源重卡企业DeepWay深向完成Pre-IPO轮融资，总募集金额达11.77亿元。 本轮融资由普华资本领投，ABC Impact、欣旺达、前海淏天、瀚棠置业、临沂国科、长兴创强基金、山东国控资本、联想创投、大湾区基金、光跃投 资、红山基金共同投资。 本轮融资资金主要用于集团主营业务的运营和发展，进一步夯实其在智能新能源重卡领域的领先地位。 据公开资料显示，DeepWay（深向科技股份有限公司）是一家智能新能源重卡及智能公路货运解决方案科技公司，由百度与狮桥集团于2020年联合孵化。 核心管理团队中，既有来自百度自动驾驶的技术骨干，也有来自传统卡车制造业的工程师。 据天眼查信息显示，自成立以来，包括本轮在内，DeepWay先后公共完成5轮融资，投资 ...

汽车驾驶辅助系统领域首个强制性国家标准发布 据工业和信息化部，强制性国家标准《轻型汽车自动紧急制动系统技术要求及试验方法》（GB 39901 —2025），将于2028年1月1日正式实施。 岚图汽车以介绍方式在香港联合交易所上市获中国证监会备案 1月28日，中国证监会国际合作司发布关于岚图汽车科技股份有限公司境外发行上市备案通知书，公司 以介绍方式在香港联合交易所上市。 蔚来世界模型NWM新版本正式推送，新增城区领航换电功能 1月28日，蔚来宣布"蔚来世界模型NWM"新版本正式开启推送，首批将为超过46万辆"Banyan榕"车型推 送。新版本新增城区领航换电功能，可支持全国超过2000座二代及以上城区换电站。 雷军：小米SU7 Ultra将正式入驻GT7 1月28日，雷军发文称，北京时间1月29日14:00，小米SU7 Ultra将正式入驻《Gran Turismo 7/跑车浪漫旅 7》。这是首台在GT游戏里上线的中国品牌车型。 东风纳米06海外版车型在哥斯达黎加上市 1月28日，据东风汽车消息，东风VIGO（纳米06海外版）上市活动暨大客户签约仪式于近日在哥斯达黎 加首都圣何塞东风展厅举行，现场获270辆终 ...

Core Insights - Tesla reported better-than-expected Q4 earnings, with record energy deployment, but faced a 3% decline in annual revenue for the first time in its history, and a significant 61% drop in Q4 net profit [1][5][12] - Despite the disappointing financials, CEO Elon Musk's optimistic outlook on AI, autonomous driving, and robotics has led to a post-earnings stock price increase of over 4% [2][13] - The company's automotive revenue fell by 11% year-over-year, while energy and storage revenue grew by 25%, indicating a shift in focus [5][15] Financial Performance - Q4 total revenue was approximately $24.9 billion, slightly above Wall Street's expectation of $24.79 billion, but down 3% year-over-year [2][5] - Adjusted earnings per share for Q4 were about $0.50, exceeding the expected $0.45 [2] - Tesla's gross margin for Q4 was approximately 20.1%, higher than the anticipated 17.1%, but net profit under GAAP standards saw a 61% year-over-year decline due to a 39% increase in operating expenses [5][12] Business Segments - The automotive segment, which has historically been the largest revenue contributor, saw a significant decline, dropping from approximately $19.8 billion to $17.7 billion year-over-year [5][12] - Energy generation and storage revenue reached about $3.84 billion, growing 25% year-over-year, which helped mitigate the decline in automotive revenue [15][18] - Tesla plans to invest $20 billion in xAI, a competitor to OpenAI, to enhance its AI capabilities [16][17] Strategic Initiatives - Tesla is transitioning its production lines to focus on the upcoming Optimus humanoid robot and plans to scale production significantly by 2026 [15][18] - The company is also expanding its Robotaxi service, with plans to roll out in several major U.S. cities [14][15] - Tesla's collaboration with SpaceX is expected to bolster its long-term growth narrative, as both companies are intertwined in Musk's broader vision for technology and infrastructure [19][20] Market Dynamics - Tesla faces increasing competition, particularly from BYD in the Chinese market, which has impacted its vehicle sales [2][9] - The decline in vehicle deliveries by 16% in Q4 and 8.6% for the year highlights ongoing challenges in the automotive sector [9][11] - Investors are increasingly viewing Tesla not just as an automotive company but as part of a larger ecosystem that includes SpaceX and AI technologies, which may support its valuation despite current struggles [2][19]

当地时间1月28日，特斯拉公布了2025年第四季度及全年财务报告。数据显示，该公司第四季度实现营收249亿美元，同比微降3%，略高 于市场预期；调整后每股收益为0.5美元，超出分析师预期。 然而，光鲜的表面之下潜藏隐忧：核心汽车业务营收同比下滑11%至177亿美元，季度净利润大幅缩水61%，仅录得8.4亿美元。 | FINANCIAL SUMMARY | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | (Unaudited) | | | | | | | | ($ in millions, except percentages and per share data) | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 | Q4-2025 | YOY | | Total automotive revenues | 19,798 | 13,967 | 16,661 | 21,205 | 17,693 | -11% | | Energy generation and storage revenue | 3,061 | 2, ...