Core Viewpoint - Tesla is facing significant challenges with declining sales and revenue, leading to a bleak outlook for the company, as highlighted by CEO Elon Musk's repeated use of the term "difficult" during the earnings call [1][3][10]. Financial Performance - Tesla reported Q2 revenue of $22.5 billion, a 12% year-over-year decline, marking the largest drop in a decade [3]. - The automotive segment saw a 16% decrease in revenue, while the energy business declined by 7% [3]. - Gross profit for the quarter was $3.88 billion, down 15.3% year-over-year, and free cash flow was only $146 million, significantly below the expected $760 million [3]. Sales and Deliveries - Q2 vehicle deliveries fell by 13.5%, from 443,000 units in the same period last year to 384,000 units [4]. - Total vehicle deliveries for the first half of the year were 720,000, a 13.24% decrease compared to the previous year [4]. - In the U.S., Tesla's sales dropped by 13% in the first half of the year, with California experiencing a 21% decline in Q2 [6][7]. Market Challenges - Tesla is facing intense competition in the Chinese market, with Q2 sales of 129,000 units, a 12% year-over-year decline [7]. - The company is undergoing significant management changes in response to declining sales, with several key executives leaving [7]. Strategic Issues - Musk's controversial political actions have negatively impacted Tesla's brand image, particularly among liberal consumers in the U.S. and Europe [10]. - The cancellation of electric vehicle incentives and carbon credit trading could further harm Tesla's sales and revenue [14]. Future Outlook - Musk is focusing on autonomous vehicles and robotics as potential new revenue sources, despite current challenges in these areas [16][20]. - Tesla plans to expand its autonomous taxi service, although it faces regulatory hurdles and safety concerns [23]. - The company is expected to introduce a lower-priced version of the Model Y, which may help boost sales [15].

#报告 德银前瞻特斯拉二季度业绩及无人出租车。 https://t.co/UzVHgJG5XSNone (@None):None ...

北京时间7月20日晚间，据央视新闻，当地时间20日，日媒发布出口民调显示，自民党和公明党组成的执政联 盟在本次日本国会参议院选举中获得席位数或少于50个，执政联盟预计将失去参议院过半议席。 有机构分析称，如果执政联盟获得少于50个席位从而失去参议院多数地位，石破茂政府很可能会辞职。在此之 前，日本国债市场已经遭遇了一波猛烈抛售，日本30年期国债收益率一度升至创纪录水平；日元兑美元汇率亦 持续走低。 另外，近期遭到特朗普政府极限施压的美联储主席鲍威尔也将迎来重大挑战。据悉，鲍威尔将在下周二发表公 开讲话，华尔街分析人士指出，市场将从他的讲话稿中，寻找任何有关"美联储独立性"的描述。 日本政坛的"黑天鹅" 对于全球金融市场而言，下周一系列重磅事件将成为影响市场表现的关键因素。 日本政坛即将迎来大风暴。 其中，日本参议院选举备受市场关注。全球分析师们普遍担忧，日本首相石破茂领导的"自公联盟"存在失去参 议院多数席位的风险，这可能给市场带来第一波冲击。 作为评判选举结果的关键点，执政的"自公联盟"需要至少赢下50个席位，才能保住参议院过半数议席。 北京时间20日19时，日本国会参议院选举投票全部结束，接下来将进入计票 ...

Group 1 - Aion M8 electric version will be launched in August, featuring HUAWEI ADS 4 and equipped with a CATL 100 kWh battery [1] - Li Xiang, CEO of Li Auto, commented on the premature leak of the i8 interior, stating it disrupted the release schedule and was due to underestimating user curiosity [1] - "Luo Bo Kuaipao" has introduced an 88 yuan per day rental service for self-driving cars in Wuhan, allowing users aged 18-70 to rent without a driver's license, with specific operational restrictions [1] Group 2 - BMW is collaborating with Momenta to develop AI-based advanced driver assistance software tailored for the Chinese market, aiming for full-scenario navigation assistance by early 2025 [1]

哈啰、蚂蚁金服与宁德时代，加快脚步，做Robotaxi（无人出租车）业务。 6月底，其选定的业务带头人——Yolanda亮相，接受《21CBR》等媒体群访。 四天前，这三家公司，通过旗下投资主体，共同发起成立"上海造父科技"，三方首期出资超30亿元，专 注于L4级自动驾驶技术研发、应用和商业化落地。 Yolanda的职位，就是造父科技首席科学家。其拥有加州大学伯克利分校博士学位，师从美国工程院院 士，有超10年智能驾驶领域工作经验，曾参与构建Tesla Autopilot系统。 她透露，造父科技已经组建约百人团队，其中70%为技术岗，超半数成员拥有博士学位。 这意味着，高层排兵布阵，已经搭建好了核心人才矩阵。 "Robotaxi正处于行业爆发前期。"Yolanda向记者介绍，未来将持续吸纳全球优秀人才。 以下是Yolanda的口述分享，内容有编辑。 三家合力 车端，我们可以使用宁德时代的长续航、快充动力电池，还能够运用其换电站，提升运营效率。滑动底 盘是新产品，天然是为 Robotaxi打造的，哈啰会与宁德时代共同探索该领域。 团队计划，分两步走。 第一步，我们将走差异化路线，搭建运营平台，兼容不同车企与Ro ...

6月22日，首批的十多台特斯拉Robotaxi，在美国德克萨斯州奥斯汀投入试运营，正式开启了特斯拉的无人驾驶出租车服务，吸引了数百位死忠粉和业内 人士尝鲜，当他们的试乘视频公开，6月23日，特斯拉的股价直接一飞冲天，盘中上涨超过10%，最后收于8.23%，市值增长千亿美元。网友直接开玩笑 说，平均一台Robotaxi，给股东带来100亿美元的收入。 可问题在于，自动驾驶出租车，已经不是什么新鲜概念了，中国有萝卜，美国也已经有Waymo和Cruise，特斯拉虽然2015年左右就开始立项研发，但起了 大早赶了个晚集，跳票无数次，搞了10年才面世，作为一个后来者，凭什么能引发资本狂欢？莫非Robotaxi真有完美的表现？ 01 Robotaxi，老司机启动！ 首批体验者的评价中，高频词就是"丝滑"、"舒适"。Robotaxi在绝大多数场景中，都能做到丝滑行驶，不会急减速或者急刹车，转向输入和回正也温柔而 精准，不会一点点修正，更不会在车道里面画龙，坐起来丝毫没有突兀感，就跟老司机在前面开车一样。 从长远预期角度来看，华尔街也普遍给出了乐观预估，甚至有分析人士将特斯拉股价预期提高到了500美元，什么概念呢？现在才32 ...

Core Insights - The launch of the first L4 level autonomous public transport line in Jinan marks a significant advancement in the city's smart driving sector, transitioning from L3 to L4 in just six months [1][6][12] - Jinan is positioning itself as a "driverless city" with ongoing developments in various autonomous driving applications, including logistics and sanitation [7][10][15] Group 1: Autonomous Public Transport - The L4 level autonomous buses, which lack a driver's seat and traditional controls, are equipped with numerous sensors and laser radars for environmental scanning [4][6] - The public's interest in the L4 buses has been high, with over 2,300 citizens having experienced the earlier L3 level service within two months of its launch [6][12] - The transition from L3 to L4 represents not only an upgrade in classification but also a comprehensive technological enhancement [6] Group 2: Broader Applications of Autonomous Driving - Jinan is expanding its autonomous driving initiatives beyond public transport, with L4 level autonomous delivery vehicles already operational, achieving a 30%-50% reduction in transportation costs [7][8] - Autonomous cleaning vehicles are also being deployed, enhancing efficiency and quality in sanitation operations [10] Group 3: Infrastructure and Industry Development - Jinan benefits from extensive infrastructure for testing autonomous vehicles, including a 26-kilometer closed highway and 174.75 kilometers of public roadways designated for testing [10][12] - Collaborations with companies like Huawei for developing autonomous mining vehicles indicate a growing industrial base in Jinan [10] Group 4: Policy Support and National Pilot Programs - Jinan's progress in autonomous driving is supported by comprehensive policy frameworks established since 2018, facilitating testing and commercial applications [12][13] - The city has been recognized as a national pilot for electric public vehicles and smart connected vehicles, which will drive further investment and infrastructure development [13] Group 5: Learning from Other Cities - Jinan is looking to cities like Wuhan and Guangzhou for best practices in autonomous driving, particularly in policy innovation and infrastructure development [15][17] - The experiences of these cities highlight the importance of a robust smart traffic system and supportive regulations for the successful implementation of autonomous vehicles [15][17]

据Baird Equity Research称，特斯拉即将公布的第二季度交付数据可能低于市场预期，不过上周末备受 期待的无人出租车（Robotaxi）发布会带来的持续热度可能会掩盖这一负面消息。 上周日，特斯拉在德州奥斯汀发布无人出租车，引发市场强烈反应。周一，特斯拉（TSLA）股价飙涨 8.2%，市值一日增加854亿美元。 但随后回调。周二股价回落，周三早盘继续下跌5.2%。 Baird分析师本·卡洛（Ben Kallo）表示，他对特斯拉第二季度交付量保持"谨慎"态度，预计特斯拉将在7 月2日左右公布相关数据。卡洛预计交付量为37.7万辆，低于FactSet汇总的分析师平均预期的39万辆， 也低于2024年第二季度的44.4万辆交付量。 他写道："来自第三方的数据显示，例如中国的上险量和5月的批发数据，更加坚定了我们交付量将低于 市场预期的判断。"他还指出："请注意，第一季度末，特斯拉四大工厂的新款Model Y正处于生产爬坡 阶段，我们认为这一进程延续到了第二季度初，可能对交付造成了影响。" 尽管交付存在不确定性，卡洛仍强调市场对无人出租车发布的持续关注。 "虽然交付仍是基本面中的关键一环，但我们认为，无 ...

完整早报音频，请点击标题下方小耳机收听 【唯品会副总裁被公安机关调查，公司最新回应】 6 月 22 日消息，唯品会营销副总裁冯佳路被传因 内部反腐被抓，涉及金额巨大。据报道，唯品会向记者表示，唯品会对贪腐行为零容忍。副总裁 Tony （冯佳路）因涉嫌个人经济问题正在配合公安机关调查，公司业务运营一切正常。知情人士 称，冯佳路在唯品会负责品牌营销等工作。公开信息显示，冯佳路现任唯品会副总裁，拥有超过 10 年的品牌营销及公关传播管理经验，曾任宝洁旗下玉兰油大中华区品牌总监；同时担任过国际公关公 司万博宣伟顾问，拥有北京外国语大学经济学和英语文学双学士学位。（每日经济新闻） D ਮ l T 【酷态科回应 6 号移动电源 3C 认证资质异常】 6 月 2 2 日， CUKTECH 酷态科发文称，酷态科 6 号移动电源在产品设计与制造过程中，遵循国家标准要求。在第三方抽检工作中，因其中一个项目 测试方法与酷态科 6 号移动电源取得 CCC 证书申请的测试方法不同，导致该型号产品的 CCC 认证 资质出现异常。公司已向相关认证机构提交材料，说明产品技术参数及合规证明文件，并已同步开展 认证流程，积极配合第三方检测机构进 ...

Group 1 - Major stock index futures are experiencing declines, with Dow futures down 0.23%, S&P 500 futures down 0.23%, and Nasdaq futures down 0.24% [1] - Cryptocurrency stocks are seeing pre-market gains, with Coinbase up over 2%, Marathon up nearly 2%, and Strategy and Riot Platforms up over 1.4% [1] - Circle, known as the "first stablecoin stock," is up nearly 15% in pre-market trading, following a previous trading day increase of 33.82% and an additional post-market rise of over 6% [1] - Tesla is up over 1.5% in pre-market trading, with plans to begin testing its Robotaxi service in Austin, Texas, with an initial fleet of about 10 vehicles for employees and invited guests [1] - Gilead Sciences is up over 2% in pre-market trading after receiving FDA approval for its HIV-1 capsid inhibitor, Lenacapavir (brand name Yeztugo), for pre-exposure prophylaxis (PrEP) [1] Group 2 - Amazon announced an investment of over $233 million to enhance its operational infrastructure in India, focusing on employee safety and welfare, as well as developing new tools and technologies for its delivery network [2] - Elon Musk's X platform is accelerating its entry into financial services, with plans for users to soon be able to invest, trade, and manage their financial lives on the platform [2] - SoftBank's Masayoshi Son is seeking collaboration with TSMC to create a $1 trillion AI center in Arizona for manufacturing robots and AI technologies [2] - Sanofi has signed a memorandum of understanding with the Abu Dhabi Department of Health to leverage the UAE's health tech ecosystem and advanced research infrastructure for global vaccine development and regional manufacturing capabilities [2]