高盛发表研究报告指，预计特斯拉第三季度交付量为45.5万辆，第四季度为45万辆；2026年预测维持不 变为186.5万辆，维持对该股"中性"评级。长期而言，高盛预计特斯拉每股盈利将增长，部分受自主驾 驶及机器人贡献增加驱动，虽然该行对这些领域盈利的基准预期较公司目标更为审慎。 鉴于市场倍数整体上涨、相信业务可支持长期增长，加上对未来每股盈利预测的上调，该行将12个月目 标价从300美元上调至395美元。若特斯拉能在人形机器人及自主驾驶等领域取得超额份额，则目标价可 能上行，虽然若竞争限制盈利(如同中国ADAS市场发生)或特斯拉执行不佳，则可能下行。 ...

Market Overview - On September 12, the Dow Jones Industrial Average opened lower and declined, while the Nasdaq and S&P 500 indices reached new highs during the session [1] - At the close, the Dow fell by 273.78 points to 45834.22, a decrease of 0.59%; the Nasdaq rose by 98.03 points to 22141.10, an increase of 0.44%; the S&P 500 dropped by 3.18 points to 6584.29, a decline of 0.05% [3] Technology Sector - Most large tech stocks saw gains, with Microsoft and Apple both rising over 1%, Facebook up 0.62%, and Google increasing by 0.18%. However, Amazon fell by 0.78% [4] - Tesla's stock surged over 7%, reaching its highest level since January 31. The company’s new long-wheelbase six-seat electric SUV Model Y L sold out in China for October, with new orders expected to be delivered by November 2025. Tesla's chairperson emphasized that AI and autonomous driving are the company's top priorities [4] - Nvidia's stock increased by 0.37%, as the company is reportedly scaling back its nascent cloud computing business, which may ease competitive pressures with major cloud service providers [4] Financial Sector - In banking stocks, JPMorgan rose by 0.45%, Goldman Sachs fell by 0.63%, Citigroup increased by 0.67%, Morgan Stanley dropped by 0.06%, Bank of America decreased by 0.33%, and Wells Fargo gained 0.27% [5] Energy Sector - Most energy stocks declined, with ExxonMobil up 0.04%, Chevron down 0.71%, ConocoPhillips nearly down 2%, Schlumberger down over 1%, and Occidental Petroleum down 0.76% [6] Airline Sector - Airline stocks collectively fell, with Boeing down over 1%, American Airlines down 0.31%, Delta Airlines nearly down 1%, Southwest Airlines down 0.17%, and United Airlines down over 2% [7] Semiconductor Sector - In the semiconductor sector, Micron Technology rose over 4%, AMD increased by over 1%, ASML up over 1%, Rambus up over 1%, and Marvell Technology up over 1%. Conversely, ARM fell over 2%, Intel down over 2%, NXP Semiconductors down over 1%, and ON Semiconductor down over 1% [7] Chinese Stocks - Among Chinese stocks, JinkoSolar rose over 6%, CenturyLink up over 5%, Bilibili up over 4%, Weibo up nearly 3%, and Baidu up over 2%. On the downside, Douyu fell over 4%, Kingsoft Cloud down nearly 3%, WuXi AppTec down nearly 3%, Yum China down over 2%, and Tencent Music down over 2% [7] European Market - In European markets, the FTSE 100 index in London closed at 9283.29, down 14.29 points or 0.15%; the CAC 40 index in Paris closed at 7825.24, up 1.72 points or 0.02%; and the DAX index in Frankfurt closed at 23698.15, down 5.50 points or 0.02% [7] Oil Prices - International oil prices rose on September 12, with light crude oil futures for October delivery increasing by $0.32 to $62.69 per barrel, a rise of 0.51%; and Brent crude oil futures for November delivery rising by $0.62 to $66.99 per barrel, an increase of 0.93% [8] Currency Market - The US dollar index increased on September 12, rising by 0.02% to close at 97.549 [9]

Group 1: Tesla - Tesla's stock surged over 7%, reaching its highest level since January 31 [2] - The company launched a long-wheelbase six-seat electric SUV, Model Y L, in China, which sold out in October, with new orders expected to be delivered by November 2025 [2] - Tesla's chairman, Robyn Denholm, emphasized that artificial intelligence and autonomous driving are the company's top priorities, and praised Elon Musk's leadership during transformative times [2] Group 2: Nvidia - Nvidia's stock increased by 0.37%, as reports indicated the company is gradually scaling back its nascent cloud computing business, DGX Cloud [3] - This shift is seen as easing competitive pressure with major cloud service providers, particularly with its largest customer [3] Group 3: Federal Reserve and Economic Outlook - The market anticipates three rate cuts by the Federal Reserve before the end of the year, with each cut expected to be 25 basis points [4][6] - Economic data, including the August CPI and initial jobless claims, have fueled expectations for these rate cuts [4] - Concerns exist regarding the potential for over-optimism in rate cut expectations, particularly if inflation rises unexpectedly due to supply-side factors [6] - The performance of the financial markets post-rate cuts will heavily depend on the overall health of the U.S. economy [6]

Group 1 - The U.S. stock market showed mixed results, with the Dow Jones down 0.59%, S&P 500 down 0.05%, and Nasdaq up 0.44%, reaching a new historical high [1] - Tesla's stock rose over 7%, reaching its highest level since January 31, driven by the launch of the extended wheelbase six-seat electric SUV Model Y L in China, which sold out in October with new orders expected for delivery by November 2025 [3] - Nvidia's stock increased by 0.37%, as reports indicated the company is gradually scaling back its nascent cloud computing business, which may ease competitive pressure with major clients [3] Group 2 - The Nasdaq Golden Dragon China Index fell by 0.11%, with notable stock movements including Bilibili up over 4%, Weibo, Baidu, and NIO up over 2%, while 36Kr dropped over 10% and JD.com fell over 2% [4] - The Federal Reserve's anticipated interest rate cuts are based on recent economic data, with the market fully pricing in three rate cuts by the end of the year [6][10] - There are concerns about the potential for overly optimistic expectations regarding the Fed's rate cuts, as inflation could rebound unexpectedly due to supply-side factors, which may limit the extent of monetary easing [8][9]