特斯拉表示，目前全球已有12%的特斯拉用户为智能辅助驾驶付费。截至2025年第三季度，特斯拉客户 累计使用智能辅助驾驶系统行驶了超96亿公里。 马斯克在财报电话会上还透露，Cybercab特斯拉赛博无人驾驶电动车将于2026年第二季度开始量产。特 斯拉将于2026年年底建成一条100万台产能的人形机器人生产线。 在马斯克看来，人形机器人生产重点在于制造出一只像人类手掌那样灵活多变、功能强大的机械手，并 能实现大规模量产。这对供应链具有巨大考验，目前，人形机器人行业尚没有成熟的供应链体系，特斯 拉必须实现高度垂直整合，深度介入到供应链生产中。 目前，特斯拉人形机器人已在特斯拉位于加州的工程总部中自由走动，基本实现全天候不间断运行。 转自：中国证券报·中证网 中证报中证网讯（记者 李嫒嫒）10月23日凌晨，特斯拉发布2025年第三季度财报，实现总收入281亿美 元，同比增长12%，超市场预期；净利润13.73亿美元，同比下滑37%；毛利率18%，相比今年前两个季 度均有所提升。特斯拉CEO马斯克在财报电话会上表示，预计到今年年底，奥斯汀大部分地区Robotaxi 运营将不再配备安全员，特斯拉对Robotaxi的部 ...

1.亚马逊计划用机器人代替60万岗位，实现75%运营自动化 据《科创板日报》援引《纽约时报》报道，亚马逊的机器人团队正计划实现75%运营流程的自动化，亚马逊 希望到2033年，其机器人能够取代美国超过60万个原本需要雇佣的岗位，尽管该公司预计在此期间产品销 量将增加一倍。 点评：自动化浪潮下，就业结构转型迫在眉睫。 2.娃小智董事长首次直播露面，称买30万元货送SUV 10月21日晚，娃小智董事长吴坚首次直播露面。他表示："我也希望娃哈哈能越做越好，也希望这个大小姐 的娃小宗也越做越好。中国那么大，我们大家一起好好地服务于消费者，服务于我们的经销商。"谈及招商 政策，娃小智董事长称："我们的门槛很低很低，没有代理费，没有加盟费。那么如果说你一次性采购，下 预付款30万元，你分期采购，那么我们会奖励一辆汽车（SUV），3年的免费权，3年以后送给你。"目前已 经锁定300个县区。 点评：营销玩噱头，合规底线不可越。 3.美政府雇员排队领救济食品 美国有线电视新闻网（CNN）22日发布的一段视频显示，自美国政府停摆后，众多领不到薪水的政府雇员 正排队领取救济食品，领救济品的队伍绕了小区一大圈。CNN报道称，这个设置 ...

智通财经APP获悉，港股恒生指数跌0.09%，跌24点，报25757点；恒生科技指数跌0.81%。港股早盘成 交1348亿港元。 内银股延续近期上涨，邮储银行(01658)涨超3%，大摩称后续多个催化剂支撑银行重估。 中国宏桥(01378)涨3.07%，大规模持续回购彰显信心，铝行业扰动抬头苗头初现。 中国重汽(03808)涨1.49%，9月重卡出口量达1.5万辆创新高，预计年内出口将突破15万辆。 芯片股延续跌势，美国拟限制关键软件出口，机构看好国内自主可控进程加速。华虹半导体(01347)跌 6%；上海复旦(01385)跌6.43%。 恒生创新药指数大跌4%。成份股中，药捷安康-B（02617）跌超5%；石药集团（01093）跌超5%。 苹果概念股跌幅居前。丘钛科技(01478)跌近4%，高伟电子(01415)跌3.3%。知名苹果分析师郭明錤表 示，iPhone Air需求低于预期，供应链已经开始降低出货与产能。 中铝国际(02068)回落逾8%，市场关注中铝力拓潜在交易案，公司海外经营经验丰富。 广和通(00638)上市次日再跌超8%，较招股价已跌近20%。 巨子生物(02367)反弹逾5%，控股股东增 ...

Group 1: Hong Kong Stock Market Highlights - China Hongqiao (01378) rose over 2% as the company continued its share buyback, spending HKD 7.5941 million to repurchase 300,000 shares [1] - Sands China (01928) increased by over 3% following its parent company Las Vegas Sands Corp.'s announcement of a 2.7% rise in adjusted property EBITDA for Q3 [1] - Aluminum Corporation of China International (02068) fell over 11% amid market focus on potential transactions involving Chalco and its rich overseas operational experience [1] - Giant Bio (02367) gained over 6% as its controlling shareholder increased holdings by 500,000 shares, with Citigroup suggesting the market overreacted to pre-sale performance [1] - Li Ning (02331) rose over 6% as the brand announced its entry into Meituan Flash Purchase on October 20 [1] - Semiconductor stocks continued to decline, with Huahong Semiconductor (01347) down over 6% and SMIC (00981) down nearly 1%, as the U.S. plans to restrict key software exports [1] - China National Heavy Duty Truck Group (03808) increased over 2% with September heavy truck exports reaching a record high of 15,000 units, expecting annual exports to exceed 150,000 units [1] Group 2: Steel and Banking Sector Performance - Steel stocks faced declines, with Maanshan Iron & Steel (00323) down over 3% and Angang Steel (00347) down over 2%, as seasonal demand fell short of expectations [2] - Chinese banks continued to rise, with Postal Savings Bank (01658) up over 3% and Agricultural Bank of China (01288) nearly 1%, supported by multiple catalysts for bank revaluation according to Morgan Stanley [2] - Gold stocks continued to decline, with China Silver Group (00815) down over 1% and Lingbao Gold (03330) down over 2%, following a significant drop in gold prices [2] Group 3: U.S. Stock Market Highlights - Mattel (MAT.US) fell 2.76% after reporting a 6% year-over-year decline in Q3 sales to USD 1.74 billion, below market expectations [3] - NIO (NIO.US) rose 0.59% as its L90 model achieved a record weekly delivery volume, with production capacity up 50% from the previous month [3] - Intuitive Surgical (ISRG.US) surged 13.89% due to a 22.9% year-over-year revenue increase driven by demand for its da Vinci robotic systems for minimally invasive surgeries [3] - Texas Instruments (TXN.US) dropped 5.60% as its Q4 revenue and profit forecasts fell short of Wall Street expectations [3] - Weibo (WB.US) increased 5.22% as it plans to announce its Q3 2025 financial results in mid-November, although its advertising business may face multiple pressures [3] - Barclays (BCS.US) rose 4.41% despite a 7% year-over-year decline in pre-tax profit for Q3 [4] - Google (GOOGL.US) increased 0.49% as it negotiates a cloud computing service contract with Anthropic, potentially worth several billion USD [4]

Core Insights - Tesla reported record vehicle deliveries and significant growth in energy storage business amidst global trade uncertainties and supply chain challenges, showcasing strong business resilience and diverse growth potential [2] Group 1: Financial Performance - Total revenue for Q3 reached $28.095 billion, a 12% year-over-year increase, with free cash flow rising 46% to $3.99 billion, providing a solid foundation for future R&D and capacity expansion [2][6] - Gross profit for the quarter was $5.054 billion, with a GAAP gross margin of 18%, despite a 37% year-over-year decline in GAAP net income to $1.373 billion [6] - Cash, cash equivalents, and investments totaled $41.647 billion, a 24% increase year-over-year, ensuring ample funding for future expansion and R&D [6] Group 2: Production and Delivery - Tesla produced 447,450 vehicles in Q3, a 5% year-over-year decrease, while total deliveries reached 497,099 vehicles, marking a 7% increase, driven by demand recovery and capacity optimization at Shanghai and Texas factories [3] - The global vehicle inventory was reduced to just 10 days of supply, a 47% year-over-year decrease, indicating superior inventory management efficiency compared to traditional automakers [3] Group 3: Energy Business Growth - The energy storage deployment reached 12.5 GWh, an 81% year-over-year increase, with energy generation and storage revenue growing 44% to $3.415 billion, highlighting the diversification of revenue streams [4] - Energy business now accounts for over 12% of total revenue, becoming a key pillar for the company's revenue diversification strategy [4] Group 4: Innovation and Future Products - Tesla's Full Self-Driving (FSD) has accumulated over 4 billion miles, with the latest version introducing Robotaxi elements, while the humanoid robot Optimus is nearing mass production [7] - Future product plans include the launch of Cybercab, Tesla Semi, and Megapack3 in 2026, alongside the commissioning of a lithium refining plant in Texas [7] Group 5: Strategic Outlook - Management remains cautiously optimistic about Q4 and full-year sales growth, emphasizing continued investment in vehicle and energy businesses, and a shift towards AI and energy technology [8] - The company aims to reduce manufacturing and operational costs through technological innovation, transitioning from traditional automotive manufacturing to a focus on AI and energy solutions [8]

本报（chinatimes.net.cn）记者刘凯 北京报道 10月21日，通用汽车发布2025年第三季度财报。财报显示，公司净收入达486亿美元，净利润为13亿美 元，调整后息税前利润率达6.9%，反映出盈利质量的优化。此外，中国市场连续四个季度的盈利，也 为其增长前景增添了砝码。 这份成绩单最直接的反响体现在资本市场上，财报发出后，通用汽车股价随即暴涨近15%，创下2020年 以来的单日最高涨幅。而这一现象背后，是业内对其战略转型的广泛认可。 面对电动车行业补贴退坡、竞争加剧等挑战，通用汽车没有一味冒进，而是果断"踩刹车"，重新审视并 放慢了纯电平台的扩张步伐，将资源向更能即时贡献利润的混合动力和传统燃油车型倾斜。这一回归商 业本质的决策，不仅帮助公司有效抵御了外部环境的波动，更向市场清晰地传递了"利润优先于规模"的 新信号，从而重塑了投资者信心，被视为传统车企在转型阵痛中寻求平衡的一个成功范例。 表面数据"惨淡" 从表面数据看，通用汽车三季度的表现难言出色。公司股东应占净利润仅为13亿美元，同比暴跌57%； 净利润率也从去年同期的6.3%大幅萎缩至2.7%。其北美市场的调整后利润率也从9.7%下滑至6. ...

马斯克的AI帝国梦想依旧宏大，但其步伐正变得更为谨慎。尽管他将特斯拉的未来描绘为由AI和"机器人军队"主导，但他同时推迟了Optimus机器人的 量产表，原计划为今年量产。Robotaxi服务的扩张计划也从"覆盖50%美国人口"收窄至8到10个城市。 特斯拉的未来不再仅仅是电动汽车。在10月22日的第三季度财报电话会议上，首席执行官马斯克几乎没有花时间讨论汽车市场，而是将叙事重心彻底 转向人工智能、自动驾驶出租车（Robotaxi）和人形机器人擎天柱Optimus，宣称公司正处于将AI带入现实世界的"关键拐点"。 然而，马斯克也同时下调Optimus和Robotaxi的近期推进目标，显示出即便是最激进的技术愿景，在落地时也必须面对现实挑战。 他预计，到2025年底，特斯拉将在奥斯汀的部分地区移除Robotaxi内的安全驾驶员，并 将该服务扩展至8到10个城市，较此前覆盖50%美国人口的目 标明显收窄 。同时，专为完全自动驾驶设计、不含方向盘和踏板的Cybercab计划于2026年第二季度开始生产。 对于Optimus，马斯克给出了一个更为谨慎的更新时间表， 其生产线启动时间推迟至2026年底前 。他直言不讳地 ...

早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 21世纪经济报道新质生产力研究院综合报道 【巨头风向标】 京东新车拍卖吸引30万人参与，最高出价超7800万 10月22日14时，京东001号"国民好车"在京东拍卖频道正式开拍，吸引了近30万人围观。最终，经过4小 时23000多次的竞价，最终一次出价超7800万。10月14日，京东宣布联合广汽集团、宁德时代推出一款 新车。 超800名科技知名人士联合呼吁：停止研发超级智能 包括苹果联合创始人史蒂夫·沃茲尼克（Steve Wozniak）和维珍集团董事长理查·布兰森（Richard Branson）在内的800多名知名人士，近日签署了一份公开声明，要求立即停止超级智能的开发。这个史 无前例的联合声明警告称，超越人类智能的人工智能（AI）系统带来了从经济崩溃到人类灭绝的风 险。该声明等同于直接向OpenAI、Meta和其他科技巨头正在大肆鼓吹的AI模型竞赛"泼了一盆冷水"， 可能成为AI行业的一个重大转折点。 华为正式发布HarmonyOS 6，终端设备数量突破2300万台 10月22日，华为正式发布新 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起看看吧。 【巨头风向标】 京东新车拍卖吸引30万人参与，最高出价超7800万 10月22日14时，京东001号"国民好车"在京东拍卖频道正式开拍，吸引了近30万人围观。最终，经过4小时23000多次的竞价，最 终一次出价超7800万。10月14日，京东宣布联合广汽集团、宁德时代推出一款新车。 超800名科技知名人士联合呼吁：停止研发超级智能 包括苹果联合创始人史蒂夫·沃茲尼克（Steve Wozniak）和维珍集团董事长理查·布兰森（Richard Branson）在内的800多名知名人 士，近日签署了一份公开声明，要求立即停止超级智能的开发。这个史无前例的联合声明警告称，超越人类智能的人工智能 （AI）系统带来了从经济崩溃到人类灭绝的风险。该声明等同于直接向OpenAI、Meta和其他科技巨头正在大肆鼓吹的AI模型竞 赛"泼了一盆冷水"，可能成为AI行业的一个重大转折点。 华为正式发布HarmonyOS 6，终端设备数量突破2300万台 10月22日，华为正式发布新一代 ...

Group 1 - The core viewpoint of the article indicates that the domestic automotive market in China has continued to cool down after the long holiday, aligning with past trends [1] - Xiaomi's automotive division has faced negative consumer sentiment due to reported safety incidents, leading to a decline in weekly order volume from an average of 5,500 units in September to approximately 4,000 units last week [1] - The report suggests that Xiaomi may need to consider promotional activities and improve vehicle design to enhance safety [1] Group 2 - From an industry perspective, it is anticipated that automakers will use their own funds to cover the full tax incentives available to consumers until the end of the first quarter of next year, as regulatory bodies are expected to halve these incentives next year [1] - This situation may create temporary pressure on the free cash flow of automotive companies [1]