【环球网财经综合报道】近日，埃隆·马斯克近期宣称，特斯拉未来"约80%的长期价值"将来自人形机器人Optimus，试图将公司从电动车制造商转 型为人工智能巨头。然而，这一战略转向面临投资者对业绩下滑和高估值的质疑。 当前，特斯拉2025年盈利预计同比下滑近30%，无人出租车业务距盈利仍有数年，且面临Alphabet旗下Waymo等对手的激烈竞争。对冲基金 Telemetry创始人Thomas Thornton指出，市场对机器人领域缺乏研究基础，当前估值缺乏支撑。 特斯拉业绩受电动车行业增速放缓拖累，2023年以来趋势恶化，但公司未来12个月市盈率仍高达155倍，成为美股"七巨头"中估值最昂贵的股票， 远超英伟达（31倍）及千亿美元市值公司中仅Palantir高于其水平。Horizon Investments分析师Dmitry Shlyapnikov表示，市场将特斯拉视为增长型 公司，但其营收近两年几乎无实质增长。 马斯克近日提出的1万亿美元薪酬方案严重依赖Optimus项目，要求其十年内销售100万台AI机器人。盈透证券首席策略师Steve Sosnick评论称，特 斯拉估值始终基于对马斯克"将科幻变为现实" ...

来源：市场资讯 亲爱的藏金洞友们： 有洞友问我，马斯克给股东画了8.5万亿的大饼，自己就想拿走近万亿，这事儿靠谱吗？ 哎呀，洞友们，你们都把这事想简单了。 我见过最会谈判的大佬，但马斯克这次，是直接掀了桌子。 他不是在跟董事会要钱，他是在跟整个美国的法律体系，玩了一场改天换地的豪赌。 这份万亿薪酬，根本不是工资，而是一份递给所有股东的，通往未来或是深渊的"投名状"。 #马斯克#特斯拉#股权激励#公司治理#科技巨头 （来源：藏金洞） 洞主江湖说：我说的可能都是错的，但值得你去探索和反思。 这是什么概念？ 以特斯拉目前约1.1万亿美元的市值计算，这意味着马斯克需要创造出近7.5万亿美元的新股东价值，年 复合增长率要达到22.7%。这相当于要在地球旁边，再造两个目前全球市值第一的公司出来。 经营业绩呢？更是天方夜谭。 调整后的EBITDA（税息折旧及摊销前利润）最高要干到4000亿美元——这比现在增长约27倍。 一纸万亿合约，画出个新星球 各位洞友，先别急着算马斯克能拿多少钱。 我们先看看他立下的这份军令状，有多么离谱，多么反常识。 这份新的"2025绩效奖励计划"，说白了，就是一份对赌协议。未来十年，马斯克一分钱 ...

周五，据媒体报道，特斯拉董事会主席称公司已制定埃隆·马斯克的继任计划，特斯拉公司向首席执行官马斯克提出了一项史无前例的薪酬协议，潜在价值约1 万亿美元，这是美国企业历史上规模最大的高管薪酬方案。 这项备受瞩目的提案旨在激励马斯克在未来数年继续领导特斯拉，设定了一系列雄心勃勃的业绩基准，包括扩大特斯拉的无人出租车业务，以及将公司市值从 目前的约1万亿美元增长至至少8.5万亿美元。该计划跨度为10年。 这项新薪酬方案是在马斯克2018年价值超过500亿美元的薪酬包被特拉华州法院否决后提出的，尽管特斯拉正在对该判决提起上诉，但董事会正在寻求其他方 式来补偿其首席执行官，包括在8月初给予价值约300亿美元的临时股票奖励。 根据文件显示，最新CEO奖励的价值为878亿美元，如果马斯克达到所有业绩目标并获得所有限制性股票，该数字将膨胀至约1万亿美元。委托书还规定，马斯 克必须参与董事会制定长期CEO继任框架，才能获得业绩奖励的最后两个部分。 新协议突显了马斯克对这家汽车制造商的牢固控制，尽管他面临多重事务的分散。现年54岁的马斯克自2008年以来一直担任特斯拉最高管理者，同时还监管其 他四家公司：SpaceX、xAI、N ...

Group 1 - The core point of the article is that Tesla's board has proposed an unprecedented compensation plan for CEO Elon Musk, potentially worth around $1 trillion, which is the largest executive compensation package in U.S. corporate history [1] - The proposal includes ambitious performance benchmarks, such as expanding the autonomous taxi business and increasing the company's market value from approximately $1 trillion to at least $8.5 trillion [1] - According to a report from Cinda Securities, Musk emphasized that the scaling of Full Self-Driving (FSD) and the Optimus robot is crucial for Tesla's future, with about 80% of the company's value expected to come from the Optimus robot, highlighting its central role in Tesla's business strategy [1] Group 2 - Cinda Securities also predicts that by the end of 2025, humanoid robots in certain factory applications will be finalized, leading the industry into a sales growth phase as the maturity of the supply chain improves [3] - It is expected that the prices of humanoid robots will gradually decrease, and the supply chain within the industry may become more concentrated, enhancing the certainty of the sector's structure [3]

根据文件显示，最新CEO奖励的价值为878亿美元，如果马斯克达到所有业绩目标并获得所有限制性股 票，该数字将膨胀至约1万亿美元。委托书还规定，马斯克必须参与董事会制定长期CEO继任框架，才 能获得业绩奖励的最后两个部分。 周五，特斯拉(TSLA.US)涨逾4%，报353.51美元。消息面上，据媒体报道，特斯拉董事会主席称公司已 制定埃隆·马斯克的继任计划， 特斯拉向首席执行官马斯克提出了一项史无前例的薪酬协议，潜在价值 约1万亿美元，这是美国企业历史上规模最大的高管薪酬方案。这项备受瞩目的提案旨在激励马斯克在 未来数年继续领导特斯拉，设定了一系列雄心勃勃的业绩基准，包括扩大特斯拉的无人出租车业务，以 及将公司市值从目前的约1万亿美元增长至至少8.5万亿美元。该计划跨度为10年。 ...

根据文件显示，最新CEO奖励的价值为878亿美元，如果马斯克达到所有业绩目标并获得所有限制性股 票，该数字将膨胀至约1万亿美元。委托书还规定，马斯克必须参与董事会制定长期CEO继任框架，才 能获得业绩奖励的最后两个部分。 智通财经APP获悉，周五，特斯拉(TSLA.US)涨逾4%，报353.51美元。消息面上，据媒体报道，特斯拉 董事会主席称公司已制定埃隆·马斯克的继任计划， 特斯拉向首席执行官马斯克提出了一项史无前例的 薪酬协议，潜在价值约1万亿美元，这是美国企业历史上规模最大的高管薪酬方案。这项备受瞩目的提 案旨在激励马斯克在未来数年继续领导特斯拉，设定了一系列雄心勃勃的业绩基准，包括扩大特斯拉的 无人出租车业务，以及将公司市值从目前的约1万亿美元增长至至少8.5万亿美元。该计划跨度为10年。 ...

Core Viewpoint - Tesla has proposed an unprecedented compensation package for CEO Elon Musk, potentially worth up to $1 trillion, aimed at incentivizing his leadership and achieving ambitious performance targets over the next decade [3][11]. Group 1: Compensation Package Details - The latest CEO compensation is valued at $87.8 billion, which could expand to approximately $1 trillion if Musk meets all performance goals and receives all restricted stock [1][8]. - The plan includes a requirement for Musk to participate in the board's development of a long-term CEO succession framework to receive the final parts of the performance rewards [1][8]. - The compensation proposal is the largest in U.S. corporate history and aims to motivate Musk to lead Tesla in expanding its autonomous taxi business and increasing the company's market value from around $1 trillion to at least $8.5 trillion [3][11]. Group 2: Business Focus and Market Position - The new incentive measures are designed to keep Musk focused on Tesla while the company seeks growth in emerging markets such as robotics and artificial intelligence [10]. - Tesla's market value target of $8.5 trillion would be more than double that of the current most valuable company, Nvidia, and is projected to peak at around $1.5 trillion by the end of 2024 [11]. - The board acknowledges Musk's high profile attracts scrutiny but believes their direct experiences do not support negative perceptions [9]. Group 3: Context and Challenges - This new compensation plan follows the rejection of Musk's previous $50 billion package by a Delaware court, prompting the board to seek alternative compensation methods, including a temporary stock award valued at approximately $30 billion [7]. - Musk's increasing involvement in political matters has led to scrutiny and backlash against Tesla, including incidents of vandalism at stores and charging stations [8].

Core Viewpoint - Tesla has proposed an unprecedented compensation plan for CEO Elon Musk, potentially worth $1 trillion, aimed at incentivizing his leadership over the next decade while setting ambitious performance benchmarks [1][4]. Group 1: Compensation Plan Details - The new compensation plan includes performance targets such as expanding Tesla's autonomous taxi business and increasing the company's market value from approximately $1 trillion to at least $8.5 trillion over ten years [1][6]. - If Musk meets all performance goals, the value of his latest CEO rewards could reach $878 billion, potentially inflating to around $1 trillion with additional stock options [5]. - The plan requires Musk's involvement in establishing a long-term CEO succession framework to access the final parts of the performance rewards [5]. Group 2: Market Reaction and Historical Context - Following the announcement, Tesla's stock price rose by 2% in pre-market trading, although the stock has declined by 16% this year [2]. - This new compensation proposal comes after Musk's previous $50 billion pay package was rejected by a Delaware court, prompting the board to seek alternative compensation methods [4]. Group 3: Strategic Focus and Future Growth - The incentive measures are designed to keep Musk focused on Tesla while the company seeks growth in emerging markets such as robotics and artificial intelligence [6]. - The proposed market value of $8.5 trillion would be more than double that of Nvidia, currently the most valuable company globally, with Tesla's market cap projected to peak at around $1.5 trillion by the end of 2024 [6]. - Tesla's recent launch of its long-awaited autonomous taxi service is seen as a critical component of the company's future business strategy [6].

【"外国游客被震醒：原来中国科技这么先进，欧洲如此落后"】#外国游客涌向中国一睹赛博朋克未来# 从街头的无人出租车，到无人机外卖、机器人服务员，这些"未来感"十足的场景在中国早已成为日常。 随着它们频繁在海外社交媒体上刷屏，不仅圈粉了大量海外观众，也吸引着他们来到中国。 "游客涌向中国一睹赛博朋克未来。"香港《南华早报》8月29日报道称，如今，越来越多的外国游客专 程前往中国，体验这股科技潮。 居住在中国香港的法国人马克·居翁（Marc Guyon） 8月初决定去上海旅游，他此行的重点并非这座城 市的装饰艺术派建筑，而是无人驾驶出租车和酒店送货机器人。 "这太令人震撼了，中国看起来就像未来世界，"马克说，"似乎所有的外国人都有同样的反应，很多人 在网上分享这些内容，我也会。" 《南华早报》注意到，这种情况正越来越普遍，在社交媒体的驱动下，海外正掀起一股中国"科技旅 游"潮——游客专门飞到中国，就是为了体验先进的科技和城市景观。 近年来，随着中国放宽免签政策，外国游客迅速增长。与此同时，海外社交媒体关于中国旅游的内容也 呈现爆炸式增长。 在短视频平台TikTok上，带有"#chinatravel"（中国旅行）标 ...

Economic Performance - In the first half of 2025, China's GDP grew by 5.3% year-on-year, and the per capita disposable income reached 21,840 yuan, also reflecting a nominal increase of 5.3% compared to the previous year [1] - The overall price level remained stable, with the Consumer Price Index (CPI) showing a slight year-on-year decline of 0.1% [1] Consumer Market Trends - A rebound in mid-to-low-end consumption is anticipated starting from September, with increased foot traffic in restaurants and tourist attractions [3][5] - High-end consumer markets, such as automobiles, real estate, and luxury goods, continue to experience low demand [5] Real Estate Market - The real estate market has seen ongoing policy relaxations since 2024, with most cities lifting purchase restrictions and banks reducing mortgage rates from 5.88% to 3.2% [7] - Despite these measures, the national second-hand housing prices have been declining for over 30 months, with a year-on-year drop of 7.32% in July [7] Banking and Investment Products - The banking wealth management market has grown, with a total scale of 30.67 trillion yuan as of June 2025, reflecting a year-on-year increase of 7.53% [9] - The trend of declining deposit rates has led many savers to invest in wealth management products, although some have faced losses due to falling money market yields and rising bond market risks [9] Artificial Intelligence Impact - The acceleration of artificial intelligence is leading to significant job displacement across various sectors, including customer service and delivery [11] - More jobs are expected to be replaced by AI technologies, particularly in manufacturing and banking, enhancing operational efficiency and reducing errors [11]