【文/观察者网 潘昱辰 编辑/高莘】根据通用汽车日前披露的数据，今年第三季度，通用汽车在中美两 大市场依托不同的动力来源，共同实现了销量的持续增长。 今年第三季度，通用汽车在中国市场零售销量约47万辆，同比增幅达10.1%，连续两个季度达成销量和 市场份额同比双增长。 别克GL8陆尚 视觉中国 此外，五菱宏光MINIEV家族销量约11.7万辆，其中年初上市的四门版车型销量逾7.7万辆，五菱缤果及 缤果PLUS合计销量近3.9万辆。 通用汽车高级副总裁兼通用汽车中国公司总裁何思文（Steve Hill）表示，第三季度的强劲表现和各个 层面的增长态势体现了通用汽车在中国市场稳健的发展步伐。通用汽车依托本土创新和本地合作，为实 现全年盈利性增长奠定基础。 此外通用汽车表示，得益于燃油车和电动汽车的强劲需求，第三季度通用汽车在美国市场的销量同比增 长8%。其中电动汽车交付量达6.65万辆，创下新的销售纪录。 通用汽车表示，随着美国的7500美元联邦税收抵免退坡，整个行业的电动汽车销量继续激增。今年迄今 为止，通用汽车在美国的电动汽车总销量为14.47万辆，同比增长105%。 具体来看，雪佛兰Equinox EV是除特 ...

Core Viewpoint - Short selling Tesla stock has become one of the most profitable trades, with the company's market value dropping from $1.54 trillion to $759.9 billion in just three months, resulting in hedge funds earning $16.2 billion from short positions while Elon Musk's net worth decreased by over $100 billion [1][2]. Group 1: Impact of Elon Musk - Elon Musk's actions and political involvement have negatively affected Tesla's brand value, leading to a reassessment of his worth to the company [2][3]. - Musk's recent behavior has transformed him from Tesla's "top salesman" to its largest liability, with significant backlash from the public and investors [2][4]. - Despite Musk's attempts to downplay the situation, the underlying issues stem from Tesla's diminishing unique advantages and the market's realization that high expectations have not been met [7][8]. Group 2: Market Performance and Valuation - Tesla's stock price remains overvalued with a P/E ratio exceeding 100, significantly higher than the average of 32 for tech giants and single digits for the automotive industry [3]. - Major financial institutions have downgraded Tesla's target stock price, with UBS setting it at $225, Guggenheim at $170, and JPMorgan at $120, indicating further potential declines [2][3]. Group 3: Sales and Market Trends - Tesla is experiencing its first sales decline in a decade, with a 5% year-over-year drop in new car sales in February and a market share in the new energy sector falling below 50% [5][6]. - In Europe, Tesla's registration numbers have plummeted, with a 76% drop in Germany and a 45% decline in France, exacerbated by the cessation of government subsidies under the Trump administration [5][9]. - The introduction of the Cybertruck has not met expectations, with production delays and quality issues leading to a projected annual sales volume of only 35,000 to 50,000 units, far below Musk's claims [11][12]. Group 4: Competitive Landscape - Traditional automakers like General Motors and Ford are maintaining strong sales, with GM's electric vehicle sales increasing by 50% and Ford also showing growth, while Tesla struggles [15][16]. - GM's electric vehicle market share has doubled to 12%, indicating a significant shift in the competitive landscape as established companies adapt to the electric vehicle market [16]. Group 5: Future Outlook - Tesla is at a crossroads, needing to carefully maintain its leadership in the electric vehicle market while addressing the negative impacts of Musk's recent actions [8]. - The company must innovate and restore its brand reputation to regain investor confidence and market value, as the current environment poses significant challenges [18].