特斯拉股价创历史新高，AI叙事支撑其万亿美元估值。 周一特斯拉延续其上周五涨势，最终收涨3.56%，创年内新高。盘中股价曾涨4.9%、最高触及481.77美元，一度突破2024年12月17日的收盘纪录 479.86美元。 在我看来，特斯拉处于泡沫区域。 基本面疲弱，销售前景承压 特斯拉今年的基本面疲弱。 华尔街见闻提及，公司10月发布的第三季度业绩令投资者失望，不断上升的成本削弱了创纪录的汽车销量表现。 销量激增主要因为消费者抢购，他们赶在9月底美国联邦电动汽车7500美元税收抵免政策到期前下单。 自4月初因特朗普关税攻势引发的市场动荡触及低点以来，特斯拉股价已累计上涨逾一倍。 (特斯拉今年股价走势) 对这家电动汽车制造商而言，这是一次艰难的复苏。Hargreaves Lansdown高级股票分析师Matt Britzman指出： 投资者需要记住，虽然强劲的基本面业务仍有作用，但这已不是主要驱动力。特斯拉股价的交易更多基于情绪而非基本面，支撑其万亿美元估值 的是AI叙事。 不过仍有分析师预计公司销售业绩将在后续大幅放缓，部分行业领袖和投资者批评该股"估值过高"。BCA Research首席美国股票策略师Ire ...

Group 1 - The International Bank for Settlements (BIS) warns that retail investors are shifting gold from a traditional safe-haven asset to a speculative asset, marking a simultaneous entry into an "explosive zone" for both gold and stock markets for the first time in at least 50 years [1][2] - Gold prices have increased by approximately 20% since early September, moving in tandem with high-risk assets, which deviates from its historical role as a safe-haven asset [1][2] - BIS emphasizes that the current market dynamics, where both gold and stock markets are in an "explosive zone," pose higher systemic risks, as a correction in one market could trigger a chain reaction affecting overall market stability [2][3] Group 2 - The surge in gold prices is partly attributed to "trend-chasing investors" capitalizing on media hype surrounding gold, fundamentally altering its trading patterns [2] - The recent rise in risk appetite, driven by expectations of interest rate cuts, has alleviated concerns about economic slowdown, facilitating retail capital inflow into the gold market [2] - BIS notes that the oversupply of government bonds, resulting from significant debt issuance by developed economies, has led to a reversal of typical yield spreads, indicating structural pressures even in the safest government bond markets [3]