The kind of big headline for me was the capital expenditures commitment, $20 billion this year, as you know full well, it's way beyond what they might do in a typical year. So let's start with that. You know, it's clearly a signal that these things that Elon Musk has kept you guys looking to the horizon for some time now, it's on paper.It's time to act. Yes. Well, you know, I think the capital expenditures are not too surprising to us.We had fairly aggressive investment estimations in our public valuation m ...

关注 「电动车公社」 1月29日 ，特斯拉发布全年财报。2025年特斯拉全球销量 163.63万辆， 同比下降9%。 2025年GAAP营业利润为44亿美元， 2025年GAAP净利润为38亿 美元，营收首次下滑。 | ($ 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 | 2,730 | 2,789 | 3,415 | 3,837 | 25% | | Services and other revenue | 2,848 | 2,638 | 3,046 | 3,475 | 3,371 | 18% ...

Core Insights - The company focuses on building a balanced investment portfolio that includes both technology stocks and defensive options, ensuring clients benefit from market trends while maintaining stability [1] - Emphasis is placed on established technology companies and those in consumer staples and discretionary goods, prioritizing intrinsic company value over external circumstances [1] - The company has been actively managing third-party portfolios for seven years, with a strong focus on macroeconomic trends, stock valuation, and the interplay between politics and markets [1] Investment Strategy - The investment approach is centered around identifying opportunities based on the intrinsic value of companies that have strong catalysts for growth [1] - The company acknowledges the challenges of the investment landscape, particularly the difficulty of "buying low and selling high" during market crises [1] - The experience of managing public tenders has provided insights into the pressures faced during market downturns, akin to the stress of stock market fluctuations [1] Social Responsibility - The company promotes financial inclusion programs for women, highlighting the importance of expanding opportunities in finance [1] - There is a commitment to contributing to the advancement of women in the financial sector, recognizing it as a significant challenge [1]

CYBERCAB & THE AUTONOMOUS FUTURE: TESLA’S VISION FOR A WORLD WITHOUT STEERING WHEELS – ELON MUSK ON THE END OF HUMAN DRIVINGCybercab is more than a robotaxi—it’s the physical manifestation of Tesla’s bet that full autonomy will make human-driven cars obsolete. No steering wheel, no pedals, no driver—just summon, ride, and arrive cheaper, safer, and greener than any alternative.With production targeted for in Q2’26, Cybercab paves the way for a transportation revolution where personal car ownership becomes o ...

Core Viewpoint - Tesla's Q4 financial report showed a decline in revenue and profit, but exceeded expectations in gross margin and earnings per share, leading to a nearly 4% increase in stock price post-announcement [2] - Elon Musk focused on AI, Robotaxi, and the humanoid robot Optimus during the earnings call, indicating a strategic shift away from traditional automotive discussions [2] Group 1: Tesla's Financial Performance - Q4 revenue and profit decreased, but gross margin and earnings per share were higher than expected [2] - The stock price reacted positively, increasing by nearly 4% after the earnings report [2] Group 2: Optimus Robot Development - Musk announced that Optimus V3 will be released in a few months, showcasing significant improvements over V2.5 [2] - Production of Model S and Model X is expected to cease as the Fremont factory is repurposed for Optimus production, with a long-term goal of achieving an annual production capacity of one million robots [2] Group 3: T Chain Developments - T Chain companies have seen a mix of positive news, including contracts and project confirmations, but overall performance has been weak due to a lack of significant catalysts [3] - Recent downward trends in T Chain stocks were noted, particularly on January 26, with some stocks hitting their daily limits [3] Group 4: Market Sentiment and Future Outlook - The market is awaiting the release of Optimus V3 as a potential catalyst for T Chain stocks [5] - Key T Chain companies are focusing on North American communications and have received positive feedback from recent engagements [5][6]

归母净利润8.4亿美元，同比-61%、环比-39%。 值得注意的是，公司综合毛利率同比提升3.8pct至20.1%，其中汽车业务毛利率20.4%，能源业务毛利率28.6%，显 示业务结构优化对冲了销量下滑影响。 【申万汽车】特斯拉25Q4财报核心要点，继续关注 业绩概览：交付承压，#盈利质量改善 特斯拉25Q4交付量41.8万辆，同比/环比均下降16%；营业总收入249亿美元，同比-3%、环比-11%。 归母净利润8.4亿美元，同比-61%、环比-39%。 值得注意的是，公司综合毛利率同比提升3.8pct至20.1%，其中汽车业务毛利率20.4%，能源业务毛利率28.6%，显 示业务 【申万汽车】特斯拉25Q4财报核心要点，继续关注 业绩概览：交付承压，#盈利质量改善 特斯拉25Q4交付量41.8万辆，同比/环比均下降16%；营业总收入249亿美元，同比-3%、环比-11%。 Robotaxi业务在奥斯汀开始有限度移除安全员运营，旧金山湾区维持安全员配置，计划26H1扩展至达拉斯、休斯 顿、菲尼克斯等七大城市。 #AI与机器人：资本开支重点倾斜 Optimus机器人产业化提速，V3版本预计26Q1发布，最终规 ...

By Akash Sriram and Abhirup Roy Jan 28 (Reuters) - Tesla said on Wednesday it will invest $2 billion in CEO Elon Musk's artificial-intelligence company xAI - and that production plans for its Cybercab robotaxi were on track for this year. The news supported Musk's plan to pivot Tesla from an electric vehicle maker to an AI company, which is key to the company's roughly $1.5 trillion valuation, while reassurance of production ​plans is critical for investor confidence as Tesla has repeatedly fallen short ...

Core Insights - Waymo, a U.S. robotaxi company, aims to launch its fully driverless ride-hailing service in London by Q4 2026 [1] Company Summary - Waymo is expanding its operations internationally with plans for a fully autonomous ride-hailing service [1]

Robot Trucker Waabi Wades Into Robotaxi Battle With Billion Dollar Raisehttps://t.co/FZ6PBmDNPR https://t.co/nR1Yc7JUOM ...

Core Insights - The electric vehicle (EV) market is becoming increasingly competitive for Tesla, yet the company's long-term competitive position is strengthening, positioning it well to dominate the EV market [1] Group 1: Tesla's Performance - Tesla's EV deliveries fell by 8.6% in 2025 compared to 2024, primarily due to the refresh of the Model Y, which remains the best-selling EV in the U.S. [2] - Despite a decline in the Model Y's market share in late 2024 and early 2025, a quick rebound is expected in the second quarter with the new Model Y's availability [2] - Tesla's market share, particularly for the Model Y, saw a significant increase in the fourth quarter after the expiration of EV Federal tax credits, indicating that Tesla was less affected than its low-cost EV competitors [3] Group 2: Competitive Landscape - There is a distinction between low-cost EV models and those subsidized to gain market share, with the latter being unsustainable; Ford's Model e segment lost $3.6 billion in the first nine months of 2025 and incurred a $19.5 billion charge to refocus its EV operations [5] - Tesla remains profitable and has the scale to increase production while reducing costs per vehicle, enhancing its competitive edge [6] Group 3: Future Growth Potential - Tesla's CEO Elon Musk confirmed the removal of safety drivers from some robotaxis in Austin, Texas, marking a positive step in the rollout of Tesla's robotaxi service [8] - The potential for robotaxis to transform Tesla's earnings is significant, as it could generate substantial revenue from Cybercabs and share revenue from Tesla EVs converted into robotaxis using unsupervised full self-driving software [9]