来源：滚动播报 特斯拉股价跌至逾两个月以来的最低水平，最新跌4.3%。 ...

Core Insights - Wolverine Asset Management LLC reduced its exposure to Lucid Group by 3,522,200 shares in Q4 2025, with an estimated transaction value of approximately $56.28 million [1] - The quarter-end value of Lucid's position decreased by $305.60 million, reflecting both share sales and stock price movement [1] Company Overview - Lucid Group is a technology-driven automotive manufacturer focused on advanced electric vehicles, leveraging proprietary EV technology and vertical integration to compete in the premium segment [4] - The company operates a vertically integrated business model, generating revenue through direct sales of electric vehicles and related technologies via retail studios and online channels [8] Financial Performance - As of February 2, 2026, Lucid's stock price was $10.29, with a market capitalization of $3.15 billion [2] - The company reported a revenue of $1.07 billion and a net income of -$2.28 billion for the trailing twelve months [2] Sales and Market Strategy - Lucid has launched its first new electric vehicle, the Gravity SUV, aiming to expand its market beyond the luxury Air sedans [5] - A lower-priced Gravity trim is expected to follow the Grand Touring edition currently being sold [5] Investor Sentiment - The slow ramp in sales is draining Lucid's finances, with reliance on support from its largest shareholder, Saudi Arabia's Public Investment Fund (PIF) [6] - Despite PIF's continued support, investors are looking for the underlying business to provide financial stability [6] - Lucid shares were down 59.3% over the prior year, significantly lagging the S&P 500 by 73.6 percentage points [7]

BYD Stomps Tesla In Germany As China's EU Sales Ramp Higher | Investor's Business DailyTRENDING: [How To Handle The Current Market]---BYD (BYDDF) electric vehicles outsold Tesla (TSLA) in Germany, Europe's largest car market last month, in the two companies' increasingly global rivalry. The Chinese automaker sold 2,629 new vehicles in Germany, a 1,018% increase from the previous year, according the data released by the Federal Motor Transport Authority (FMTA), which oversees road traffic. That number topped ...

Core Insights - Tesla experienced its first annual revenue decline, with a 3% drop to $94.8 billion in 2025, and automotive revenue fell by 10% [1] - SpaceX's merger with xAI is valued at $1.25 trillion, indicating a strategic shift in Musk's business empire [5] - SpaceX is preparing for a potential IPO, targeting a valuation of approximately $1.5 trillion, which could raise up to $50 billion [8] Tesla's Performance - Vehicle deliveries decreased by 16% in Q4 and 9% for the full year, highlighting challenges in the automotive sector [1] - The production of the Model S and Model X will be halted to focus on developing Optimus humanoid robots, marking a significant shift in Tesla's strategy [6] SpaceX Developments - SpaceX aims to launch up to 1 million satellites for orbital computing infrastructure, with significant capital requirements noted by analysts [3] - The company generated around $15 billion in revenue last year, with $8 billion in profit, and plans to use IPO proceeds for ambitious projects including a moon base and Mars missions [9][11] Market Position and Valuation - SpaceX's valuation of $1.25 trillion positions it as a key asset in Musk's portfolio, with Musk owning 43% of SpaceX compared to 13% of Tesla [4] - Analysts express mixed views on Tesla stock, with some seeing potential in Musk's broader vision while others caution against abandoning the core auto business [12][13] Analyst Ratings - Among 41 analysts covering Tesla, 14 recommend a "Strong Buy," while 9 suggest a "Strong Sell," with an average price target of $402.74 [15]

Core Thesis - Carvana Co. is positioned as a leading innovator in online auto retail, demonstrating strong growth and profitability in Q3 2025, with a bullish outlook for future performance [2][6]. Financial Performance - In Q3 2025, Carvana sold 155,941 retail units, a 44% increase year over year, with revenue rising 55% to $5.65 billion, marking an annualized revenue run rate exceeding $20 billion for the first time [3]. - GAAP operating income reached a record $552 million, and net income increased to $263 million, resulting in a net margin of 4.7% [3]. - Adjusted EBITDA grew by $208 million to $637 million, with an 11.3% margin, reflecting strong conversion of adjusted EBITDA into operating income [3]. Unit Economics - Despite some pressure on unit economics, retail GPU declined by $77 and wholesale GPU fell by $168, primarily due to higher vehicle depreciation [4]. - Improved financing, ancillary attach rates, stronger loan performance, and lower funding costs helped offset these headwinds [4]. - Non-GAAP SG&A per retail unit decreased by $319, indicating enhanced efficiency despite increased advertising spend [4]. Competitive Advantage - Carvana's competitive moat is supported by its vertically integrated model, which includes reconditioning, logistics, wholesale, and financing [5]. - Initiatives like ADESA site expansion and same- or next-day delivery pilots have improved selection and speed, with 40% of Phoenix customers now receiving same-day delivery compared to 10% nationally [5]. Future Outlook - Management anticipates Q4 retail units to exceed 150,000 and adjusted EBITDA to be at or above the high end of the $2.0–$2.2 billion full-year range, aiming for a long-term target of 3 million units at a 13.5% EBITDA margin [6]. - The company's strong scale, robust cash flow conversion, and operational leverage present a compelling bullish case with significant upside potential [6].

Core Viewpoint - The financial community is speculating on a potential merger between SpaceX and Tesla instead of a traditional IPO for SpaceX, as suggested by investor Chamath Palihapitiya and analyst Dan Ives [1][2][3]. Group 1: Merger Speculation - Chamath Palihapitiya predicts that SpaceX will not pursue an IPO but will instead reverse merge into Tesla, consolidating Musk's control over both companies [2][3]. - Dan Ives supports this view, suggesting that the separation of Musk's companies is increasingly artificial and that a merger could create a combined SpaceX-xAI entity [3][4]. Group 2: Financial Implications - Tesla has announced a $2 billion investment into xAI, which is part of its Master Plan Part IV, indicating a strategic move towards collaboration with SpaceX [5]. - The merger could potentially enhance Tesla's valuation, moving it towards a $3 trillion conglomerate by integrating with SpaceX [7]. Group 3: Investor Considerations - The proposed merger raises concerns for investors who prefer pure-play stocks, as it may lead to institutional funds needing to divest Tesla shares if they cannot hold aerospace assets [6]. - A merger of this magnitude would likely face significant regulatory scrutiny, particularly due to Musk's substantial ownership stakes in both companies [6].

Stellantis is facing delays to some electric models due to manufacturing difficulties at one of the company’s battery makers, according to people familiar with the situation. https://t.co/vhti6fRsgq ...

Shares of Tesla fell more than 4% on Wednesday, extending recent weakness as investors weighed near-term fundamental concerns against bullish longer-term projections from Wall Street analysts. The dec... ...

Core Insights - NIO Inc. is advancing its global expansion strategy, moving beyond China into Europe, Central Asia, and the Asia-Pacific region to reach more customers with its electric vehicles [1] Group 1: Expansion into Central Asia - NIO has opened its first store in Uzbekistan, named NIO Space Tashkent, in partnership with local distributor Abu Sahiy Motors, marking its entry into Central Asia [2] - The company plans to offer several models in Uzbekistan, including ET9, EL8, EL6, ET5, ET5 Touring, L90, and L60 from its Onvo sub-brand, reflecting a shift to a national distributor model overseas [3] Group 2: Expansion into Other Regions - NIO is targeting Australia and New Zealand for its Firefly sub-brand, planning to enter these right-hand-drive markets in the second half of 2026, focusing on compact electric vehicles [4] - In Europe, NIO plans to introduce five models in Portugal, Greece, Cyprus, Bulgaria, and Denmark, partnering with national distributors in each market to support this expansion [5] - The company began its European journey in Norway in 2021 and has plans to enter the Middle East and North Africa (MENA) region in 2024, establishing a technology research center in the UAE [6] Group 3: Strategic Objectives - NIO's international moves aim to reduce reliance on the domestic market while addressing challenges such as competition and tariff barriers, with a long-term goal of establishing itself as a global smart EV brand [7] Group 4: Competitive Context - Competitors like BYD and XPeng are also expanding internationally, with BYD aiming to sell around 1.3 million vehicles overseas by 2026 and XPeng focusing on localized supply chains in Europe and ASEAN [8][10]

KEY TAKEAWAYS Under a new tax break from the "One Big, Beautiful Bill," taxpayers will be able to deduct part of the interest they paid on a car loan in 2025. The vehicle must be new and have undergone final assembly in the United States. The car loan interest deduction is available to itemizing and non-itemizing taxpayers, and to those who make $150,000 or less ($250,000 for joint filers). If you purchased a new car in 2025, you may be able to deduct part of your loan payment from your taxes. A ...