Core Viewpoint - Tesla has lost its title as the "global electric vehicle sales champion" for the first time, being surpassed by Chinese automaker BYD in 2025 [2][10]. Group 1: Sales Performance - In 2025, Tesla delivered 1.636 million vehicles globally, a decrease of approximately 8.6% year-over-year, while BYD's pure electric vehicle sales reached 2.2567 million, marking a nearly 28% increase [2][10]. - Tesla's fourth-quarter deliveries in 2025 were over 418,000, down about 16% compared to the same quarter in 2024, with production also declining by 5.5% year-over-year [9]. - The decline in Tesla's sales is attributed to the U.S. federal government's early termination of electric vehicle incentives on September 30, which prompted manufacturers to accelerate sales in the third quarter [9]. Group 2: Market Dynamics - Tesla's sales in Europe fell by 39% in the first 11 months of 2025, while BYD's registrations in Europe surged by 240% [11]. - The overall electric vehicle market in Europe grew, accounting for approximately 16% of all new car sales in 2025 [11]. - Tesla faces increasing competition not only from BYD but also from other Chinese manufacturers like Xiaomi and Geely [12]. Group 3: Financial Performance and Future Outlook - Despite the decline in vehicle sales, Tesla's stock price has shown resilience, increasing by 40% in Q3 2025 and reaching an all-time high in December, with a market capitalization exceeding $1.6 trillion [5][13][16]. - Tesla's energy storage business continues to grow rapidly, with 14.2 GWh of storage products deployed in Q4 2025, a significant increase from 12.5 GWh in 2024 [17]. - Analysts suggest that Tesla's future valuation is increasingly tied to its advancements in autonomous driving and robotics, rather than just vehicle delivery numbers [15][17].

Group 1 - The core viewpoint of the article highlights the mixed performance of major U.S. stock indices on the first trading day of 2026, with a notable surge in Chinese tech stocks and a significant increase in the Nasdaq Golden Dragon Index, which rose by 4.38%, marking its largest single-day gain since May 12 of the previous year [2][3][7] - Major technology stocks showed a mixed performance, with ASML and Micron Technology both achieving historical highs, rising over 9% and 10% respectively, while other tech giants like Tesla and Microsoft experienced declines of over 2% [3][5] - The semiconductor sector saw a strong rally, with the Philadelphia Semiconductor Index increasing by over 4.5%, driven by significant gains in companies like ASML and Micron Technology, which are benefiting from the growing demand for AI infrastructure [10][15] Group 2 - Tesla's Q4 delivery data fell short of expectations, resulting in a loss of its title as the world's top electric vehicle seller to BYD, which reported a 27.86% increase in annual electric vehicle sales [22][25][26] - Foreign investment institutions maintain a positive outlook on Chinese assets, with predictions of a 38% increase in the Chinese stock market by the end of 2027, emphasizing structured investment opportunities in technology innovation, green energy, and high-end manufacturing [28]

新华社旧金山1月2日电（记者吴晓凌）美国电动汽车制造商特斯拉公司2日公布的数据显示，该公司 2025年全球交付汽车163.6万辆，同比下降约8.6%。这意味着特斯拉纯电动汽车年销量首次被中国汽车 制造商比亚迪超越。 行业分析人士预计，2026年美国电动汽车整体销量将继续低迷。 【纠错】 【责任编辑:谷玥】 2025年，特斯拉共生产165.5万辆纯电动汽车，交付163.6万辆，分别低于2024年的177.3万辆和178.9万 辆。2025年9月，美国政府取消了此前鼓励消费者购买电动汽车的税收优惠政策，直接冲击特斯拉销 量。2025年第四季度，特斯拉生产约43.4万辆汽车，交付约41.8万辆，低于2024年同期的45.9万辆和49.6 万辆，交付量同比下降约16%。 比亚迪1日表示，2025年其全球电动汽车销量达到226万辆，同比增长28%。其中，越来越多的销量来自 中国以外的亚洲、欧洲和拉丁美洲市场。 美国媒体报道，特斯拉目前仍是美国最大电动汽车制造商，占据美国电动汽车市场约一半的份额，其销 量下滑表明，美国电动汽车市场整体正在放缓。美国考克斯汽车咨询公司数据显示，2025年11月，美国 所有品牌的电动车销量同 ...

Core Insights - In 2025, BYD surpassed Tesla in global electric vehicle sales, marking a significant milestone as the largest electric vehicle manufacturer [1] - Tesla reported a decline in global vehicle deliveries to 1.636 million units, a decrease of approximately 8.6% year-on-year, continuing a trend of declining deliveries for the second consecutive year [1] - BYD's total electric vehicle sales for 2025 reached 4.602 million units, reflecting a year-on-year growth of 7.73%, with a notable increase of 27.86% in pure electric vehicle sales [1] Group 1 - BYD's December 2025 sales were 420,398 units, down about 18.2% year-on-year, while pure electric vehicle sales for the month were 190,712 units [1] - BYD achieved a significant production milestone by rolling off its 15 millionth electric vehicle, the Tengshi N8L, in December 2025, completing this achievement in 17 years, with the last 5 million produced in just 13 months [1] - Tesla's fourth-quarter delivery expectations were pessimistic, with 20 institutions predicting a year-on-year decline of 15%, leading to concerns about the company's growth potential [1] Group 2 - Elon Musk's previous dismissal of BYD as a competitor has shifted, acknowledging the company's strong competitiveness in the current market [2] - BYD's chairman Wang Chuanfu emphasized the company's core competitiveness lies in technology, supported by a team of 120,000 engineers and significant R&D investments [2] - Tesla's delivery challenges are attributed to changes in U.S. federal tax incentives and increasing global competition, with a forecasted demand drop impacting fourth-quarter performance [2]

据《日本经济新闻》1月1日报道，比亚迪2025年纯电动汽车销量达225万辆，同比增28%，超特斯拉跃 居全球第一。特斯拉虽未公布全年销量，但预测值显示其销量预计为164万辆，较2024年下降8%。比亚 迪2025年总体新车销量460万辆，同比增约8%，且积极扩大海外销售，巴西、泰国工厂投产，12月出口 新能源汽车13.3万辆。 据参考消息援引《日本经济新闻》网站1月1日报道，比亚迪2025年纯电动汽车销量为225万辆，超过特 斯拉跃居世界第一。 中国汽车巨头比亚迪1日发布的数据显示，2025年其纯电动汽车新车销量为225万辆，同比增长28%。报 道称，这一数字预计超过美国电动车巨头特斯拉的全年销量，从自然年维度看，比亚迪首次登顶全球纯 电动汽车销量榜已成定局。 特斯拉虽未公布2025年全年销量，但其于2025年12月29日发布的市场预测平均值显示，销量预计为164 万辆，较2024年下降8%。2024年，特斯拉以约2万辆的微弱优势领先于比亚迪，而2025年比亚迪销量大 幅超越特斯拉。 比亚迪在开拓中国庞大市场的同时，也积极扩大海外销售。比亚迪此次超越特斯拉，意味着其有望凭借 规模优势强化零部件采购能力，进一步 ...

Market Overview - The U.S. stock market showed mixed results on the first trading day of 2026, with the Dow Jones Industrial Average rising by 319.10 points (0.66%) to close at 48,382.39 points, while the Nasdaq Composite fell by 6.36 points (0.03%) to 23,235.63 points. The S&P 500 index increased by 12.97 points (0.19%) to 6,858.47 points, breaking a three-year trend of declines on the first trading day of the year [2][3]. Technology Sector Performance - The technology sector remained a significant driver of market fluctuations, with chip stocks performing strongly. The Philadelphia Semiconductor Index surged by 4%, led by Micron Technology, which rose by 10.52%. Other notable gains included ASML (up 8.78%) and AMD (up 4.35%) [4][5][6]. - Nvidia's CEO Jensen Huang noted a significant increase in computing demand over the past six months, contributing to the tech sector's strong performance in 2025, which saw the S&P 500 index rise over 16% and the Nasdaq index increase by more than 20% [6]. Individual Stock Highlights - Tesla's stock fell by 2.59%, with the company reporting a 9% year-over-year decline in total vehicle deliveries for 2025, totaling 1.64 million units. The fourth-quarter delivery figure of 418,200 units was below analysts' expectations, indicating weak market demand [6][7]. - In the home retail sector, stocks rose following the announcement of a one-year delay in the implementation of a 30% tariff on upholstered furniture by former President Trump. Notable gains included RH (up 8%), Wayfair (up 6.12%), and Williams-Sonoma (up 5.19%) [7]. Chinese Stocks Performance - Chinese stocks performed well, with the Nasdaq Golden Dragon China Index rising by 4.38%. Baidu led the gains, increasing by 15.03% after announcing plans to spin off its AI chip company Kunlun and list it in Hong Kong, which investors believe will enhance the company's value [8][9]. - Other notable Chinese stocks included Tiger Brokers (up 9.21%), Futu Holdings (up 8.68%), and Bilibili (up 7.24%) [9]. Commodity Market Insights - Gold prices continued to show strength, with spot gold rising by 0.20% to $4,327.96 per ounce, supported by geopolitical uncertainties and expectations of a weaker dollar [9]. - International oil prices experienced a slight decline, with WTI crude oil futures falling by 0.2% to $57.32 per barrel and Brent crude oil futures also down by 0.2% to $60.75 per barrel, amid ongoing concerns about oversupply [10].

2026年开年首个交易日港股大涨恒指涨2.76% 科指涨4.00% 欧洲三大股指全线小幅上涨纽约股市三大股指涨跌不一中概股普遍上涨 特斯拉2025年全球交付汽车163.6万辆同比下降约8.6% 全年电动车销量首次被比亚迪超越 美国总统特朗普2日威胁将就伊朗骚乱事件进行干涉伊朗回应：伊朗内部事务绝不允许外来干预 近日，财政部会同农业农村部下达中央财政农业生产防灾救灾资金5.12亿元，重点支持内蒙古、四川、云南、西藏、甘肃、青海、宁夏、新疆等8个牧区省 份开展越冬饲草料储备工作，对购买、调运饲草料给予适当补助，助力饲草料保供、畜牧业生产平稳越冬。（央视新闻） 交通运输部消息，元旦假期首日（1月1日），全社会跨区域人员流动量为20747.5万人次，同比增长20.3%。（新华社） 美国电动汽车制造商特斯拉公司2026年1月2日公布的数据显示，该公司2025年全球交付汽车163.6万辆，同比下降约8.6%。这是特斯拉有史以来首次在全年 电动汽车销量上被中国汽车制造商比亚迪超越。（新华社） 记者1月2日从中国铁路广州局集团深圳工程建设指挥部了解到，全国最大单体综合物流枢纽——深圳平湖南综合物流枢纽地面层铁路工程顺利完工， ...

当地时间1月2日，美股迎来2026年首个交易日。 美股新年"开场"行情中，中概股表现最为吸睛——受港股火热行情联动，隔夜美股中的中概股板块应声跳涨，迎来"开门 红"。纳斯达克中国金龙指数收盘上涨4.38%，创2025年5月以来最大单日涨幅。 当地时间1月2日，特斯拉最新公布数据显示，2025年第四季度交付量418227辆，同比减少16%；2025年全年交付量163.6万 辆，同比下降约8.6%。这是特斯拉有史以来首次在全年电动汽车销量上被比亚迪超越。 中概股普遍上涨，纳斯达克中国金龙指数涨4.38%，万得中概科技龙头指数涨5.2%。热门个股中，百度集团大涨超15%，盛 美半导体涨逾13%，小马智行涨超10%，万国数据涨近10%，老虎证券上涨逾9%，晶科能源涨超8%，网易涨逾7%，阿里巴 巴涨超6%。 此外，欧洲三大股指收盘小幅上涨。德国DAX指数涨0.13%报24521.49点，法国CAC40指数涨0.56%报8195.21点，英国富时 100指数涨0.2%报9951.14点。 美股三大股指收盘涨跌不一、表现整体不温不火。其中，纳指高开低走、收跌0.03%，道指和标普500指数则小幅上涨，分 别涨0.66%和 ...

重要新闻提示 国家集成电路基金在中芯国际H股的持股比例从4.79%提升至9.25% 特斯拉电动车年销量首次被比亚迪超越 恒生指数公司：将于2月13日公布2025年第四季度恒生指数系列检讨结果，成分股变动将于3月9日生效 财经新闻 1. 1月2日，恒生指数公司发布公告称，将于2月13日（星期五）宣布2025年第四季度之恒生指数系列检 讨结果，恒生指数系列成分股变动将于3月9日（星期一）生效。 1. 中芯国际：1月2日，香港交易所信息显示，中芯国际同意向国家集成电路产业投资基金股份有限公司 发行3.57亿股股份。国家集成电路基金在中芯国际H股的持股比例于12月29日从4.79%升至9.25%，持股 比例接近翻倍。 2. 据新华社报道，美国电动汽车制造商特斯拉公司2日公布的数据显示，该公司2025年全球交付汽车 163.6万辆，同比下降约8.6%。这是特斯拉有史以来首次在全年电动汽车销量上被中国汽车制造商比亚 迪超越。 3. 长安汽车：长安汽车1月2日在其微信公众号披露，2025年销量291.3万辆，同比增长8.5%，创近九年 新高。其中，新能源销量110.9万辆，同比增长51%。海外销量63.7万辆，同比增长18 ...

Market Performance - On January 2, 2026, U.S. stock markets showed mixed results with the Dow Jones Industrial Average rising by 0.66% to 48,382.39 points, and the S&P 500 increasing by 0.19% to 6,858.47 points, while the Nasdaq Composite fell by 0.03% to 23,235.63 points [1] - The Nasdaq Composite index was affected by declines in several major tech stocks, including Tesla down 2.59%, Microsoft down 2.21%, Amazon down 1.88%, Meta down 1.41%, and Netflix down 2.97% [2] Semiconductor Sector - The semiconductor sector experienced a significant rally, with the Philadelphia Semiconductor Index rising by 4%, driven by strong performances from AI chip stocks [5] - Notable individual stock performances included Micron Technology up over 10%, TSMC up 5.19%, Intel up 6.72%, and AMD up 4.35% [5][6] - TSMC received a U.S. government annual license to export chip manufacturing equipment to its Nanjing plant, which has garnered market attention [7] Chinese Stocks - Chinese stocks saw a strong performance on the first trading day of 2026, with the Nasdaq Golden Dragon China Index rising by 4.38% [8] - Key individual stock movements included Alibaba up 6.24%, NetEase up 7.22%, Baidu up 14.97%, and JD.com up 2.89% [10][11] Electric Vehicle Market - BYD topped the global electric vehicle sales chart, with approximately 2.26 million pure electric vehicles sold in 2025, marking a nearly 28% increase from 2024 [11] - Tesla's total vehicle deliveries for 2025 were approximately 1.64 million, slightly above market expectations of 1.6 million [12] Economic Indicators - The final value of the U.S. Manufacturing PMI for December 2025 was reported at 51.8, unchanged from expectations and the previous value, but down from 52.2 in November [13] - Despite manufacturers increasing production in December, the economic outlook for early 2026 appears less optimistic, with rising costs for U.S. businesses continuing to outpace those of competitors in other major economies [13]