每经编辑｜张锦河 9月30日下午，特斯拉通过官微宣布，特斯拉正在努力扩大人形机器人的规模，计划2025年底推出第三代，并在2026年开始 量产。 | 35311992 | | 交付100万台 | | | | --- | --- | --- | --- | --- | | | 3万亿 | 人形机器人 | 任一运营目标 | | | 35311992 | | 100万辆Robotaxi | 市值目标 + | 17.30% | | | 3.5 元 | 投入商业运营 | 任一运营目标 | | | 35311992 | | 调整后EBITDA | 市值目标 + | | | | 4万亿 | 达500亿美元 | 任一运营目标 | | | | | | 市值目标 | | | 35311992 | 4.5万亿 | 调整后EBITDA 达800亿美元 | 任一运营目标 | | | | | | 市值目标 | | | 35311992 | 5万亿 | 调整后EBITDA达 | + | | | | | 1300亿美元 | 任一运营目标 | | | 35311992 | | 调整后EBITDA | 市值目标 | 21.10% | | | 5 ...

Core Insights - The article discusses Tesla's ambitious plans, including a $1 trillion compensation incentive for CEO Elon Musk, aimed at transforming the company's market value of $8.5 trillion [12][14][18] - The production and delivery of the Cybertruck have faced significant delays and challenges, with only 46,000 units delivered by mid-2023 despite a target of 2 million pre-orders [1][3] - Tesla's shift towards artificial intelligence and robotics, particularly with projects like Cybercab and Optimus, indicates a strategic pivot away from traditional vehicle manufacturing [19][23][28] Group 1: Compensation Plan - Tesla's board has approved an unprecedented 10-year compensation plan for Musk, potentially worth $1 trillion if all performance milestones are met [12][14] - The plan includes 12 market value targets starting at $2 trillion, operational goals such as delivering 20 million vehicles, and profitability targets based on EBITDA [16][18] - A minimum market value threshold of $2 trillion must be achieved for Musk to receive any compensation, ensuring alignment with Tesla's long-term growth [18][19] Group 2: Production Challenges - The Cybertruck's final production model has deviated from its original design, returning to traditional structures due to production limitations and battery supply issues [3][5] - The Semi Truck has also faced delays, reducing its potential impact in the commercial vehicle market [5][6] - Tesla's overall vehicle production has entered a plateau phase, with a significant drop in sales across various markets [36][39] Group 3: Strategic Shift - Tesla is increasingly positioning itself as a provider of AI and robotics solutions, moving beyond its core automotive business [19][23][28] - The company aims to integrate AI into its existing product lines, with a focus on sustainable development and innovation [28][30] - The Shanghai Gigafactory is expected to play a crucial role in Tesla's future operations, particularly in the Asia-Pacific market [39][40]

在科技与资本的世界里，有些传言，起初只是爱好者论坛里的窃窃私语，而后发酵为财经媒体的捕风捉影，最终，它们会以一种不容忽视的方式，摆上最 严肃的议事日程。 特斯拉（Tesla）与马斯克旗下另一家AI初创公司xAI的合并，正是这样一则正在逐渐为现实的预言。 上周日，天桥资本（SkyBridge Capital）创始人Anthony Scaramucci的一条推文，为这本已滚烫的预期再添了一把烈火。他直言：随着马斯克加速将AI整合 到其商业版图中，特斯拉与xAI的合并"感觉不可避免"。 这并非孤立的喊话。当一份敦促特斯拉投资xAI的股东提案被正式提交，当马斯克那份价值可能高达万亿美元的新薪酬方案中，被摩根士丹利扒出隐藏 的"合并条款"时，所有人都意识到：一个横跨数字世界与物理世界，估值可能冲击8.5万亿美元的AI巨头，正在浮出水面。 01 将一个千亿美元估值的当红炸子鸡（xAI），并入一个已是万亿市值的巨头（特斯拉），绝非心血 interracial。我们从四个关键的信号中，可以清晰地看到 这条路径是如何被一步步铺就的。 1. 一纸提案：从民间呼声到正式议程 一切始于一位名叫Stephen Hawk的特斯拉散户股东 ...