特斯拉丢掉"全球电动车销冠王座"。当地时间1月2日，特斯拉发布了2025年四季度和全年的汽车交付数 据，两项数据均大幅下滑。值得注意的是，就全年数据来看，特斯拉有史以来首次被中国汽车制造商比 亚迪超越。数据显示，特斯拉2025年全球交付汽车163.6万辆，同比下降约8.6%。同期，比亚迪纯电动 汽车销量为225.67万辆。 根据特斯拉发布的数据，公司2025年四季度生产超过43.4万辆车辆，交付了超过41.8万辆，并部署了 14.2GWh的储能产品——创下部署次数新高。公司将于2026年1月28日（星期三）市场收盘后公布2025 年第四季度的财务业绩。届时，特斯拉将发布一份简短的公告，其中包含2025年第四季度更新的数据。 而根据StreetAccount汇总的估算，华尔街分析师预计特斯拉2025年四季度交付量为42.6万辆。此外，特 斯拉2025年四季度和全年的销量均出现大幅下滑。2025年第四季度交付量比2024年第四季度减少约 16%，产量较2024年同期下降了5.5%。2025年全年来看，特斯拉的交付量从2024年的179万辆下降 8.6%，至163.6万辆。 Cannacord Genuity分析师 ...

北京时间周五晚间，全球市值最高车企特斯拉公布2025年第四季度运营数据。毫无意外，特斯拉以巨大劣势丢掉"全球电车年度销量第一"王座。 根据特斯拉官网挂出的数据，去年最后3个月共交付418,227辆新车、生产434,358辆；全年交付1,636,129辆，生产1,654,667辆。最终数据不仅低于大多数分析 师预期，也低于本周初公司自己制作的"市场共识预期"。 | | Production | Deliveries | | --- | --- | --- | | Model 3/Y | 1,600,767 | 1,585,279 | | Other Models | 53,900 | 50,850 | | Total | 1,654,667 | 1,636,129 | | | Production | Deliveries | ટા | | --- | --- | --- | --- | | Model 3/Y | 422,652 | 406,585 | | | Other Models | 11,706 | 11,642 | | | Total | 434,358 | 418,227 | | 与自身对比，特斯 ...

Core Viewpoint - Tesla's vehicle deliveries and production have declined, with a significant drop in annual delivery numbers for the second consecutive year, while its energy business continues to grow [2][3]. Group 1: Delivery and Production Data - In Q4 2025, Tesla delivered 418,227 vehicles and produced 434,358 vehicles, with an annual delivery total of 1.64 million vehicles and an annual production of approximately 1.65 million vehicles [2]. - Compared to Q4 2024, Tesla's Q4 2025 delivery volume decreased by about 16% from 495,570 vehicles, and production fell by 5.5% from 459,445 vehicles [2]. - The annual delivery volume for 2025 dropped by 8.6% from 1.79 million vehicles in 2024 to 1.64 million vehicles [2]. Group 2: Market Competition and Challenges - Tesla faces intense competition from companies like BYD, Kia, Hyundai, and Volkswagen, which has contributed to the decline in deliveries [3]. - The early termination of federal electric vehicle purchase incentives by the U.S. government has also negatively impacted Tesla's sales, as consumers shifted their purchasing decisions to Q3 [3]. - CEO Elon Musk's political activities and statements have led to consumer backlash, further complicating Tesla's market position despite the launch of a more affordable Model Y SUV [3]. Group 3: Regional Market Performance - Tesla's market share in Europe has significantly declined, with new car registrations dropping by 39% in the first 11 months of 2025, while BYD's registrations surged by 240% [4]. - The overall acceptance of pure electric vehicles in the European market has increased, with electric vehicles accounting for approximately 16% of new car sales in 2025 [4]. - Analysts suggest that the introduction of the more affordable Model Y standard version could help Tesla regain some market share in the coming quarters [4]. Group 4: Long-term Vision - Tesla's narrative extends beyond vehicle sales, focusing on Musk's vision of "sustainable prosperity," which includes promises of autonomous taxi services and humanoid robots that could perform various roles [5]. - These projects are seen as potential long-term value drivers for Tesla, supporting its future valuation [5].

核心要点 2023 年 12 月 13 日，美国得克萨斯州奥斯汀市的特斯拉门店。美国国家公路交通安全管理局历经近两 年调查，发现特斯拉自动驾驶辅助系统存在缺陷，特斯拉因此召回在美国销售的几乎全部车辆。 特斯拉于本周五发布 2025 年四季度汽车生产及交付报告，数据公布后，公司股价上涨约 2%。 核心数据一览 总交付量：418227 辆 来源：环球市场播报 总产量：434358 辆 华尔街预期：据 StreetAccount 汇总的分析师预测，市场此前预计该季度交付量为 426000 辆。 特斯拉 12 月 29 日在官网发布的分析师共识预测显示，受访分析师曾预计公司四季度交付量同比下滑 15%，至 422850 辆。 2025 年四季度交付量较 2024 年四季度同比下滑约 16%，特斯拉去年四季度交付量为 495570 辆；四季 度产量同比下滑 5.5%，2024 年四季度公司产量为 459445 辆。 特斯拉在电动汽车市场面临的竞争日趋白热化，竞争对手包括中国的比亚迪、韩国的起亚与现代，以及 欧洲的大众集团。 交付量是特斯拉披露的最接近实际销量的指标，但其在面向股东的沟通文件中，并未对该指标作出精准 定义 ...

Group 1 - The core viewpoint of the news is that the recent China-EU summit marks a significant opportunity to enhance bilateral relations, especially in the context of climate cooperation and economic collaboration [2][3][4] - The joint declaration on climate change emphasizes the importance of maintaining policy continuity and stability among major economies, highlighting the green partnership as a crucial aspect of China-EU relations [2][3] - The economic relationship has evolved significantly since the establishment of diplomatic ties, with trade volume increasing from $2.4 billion at the beginning to over $780 billion today, and bilateral investment stock reaching approximately $260 billion [4][5] Group 2 - The summit is seen as a pivotal moment for both parties to reaffirm their commitment to multilateralism and sustainable development, with calls for deeper dialogue on mutual respect and cooperation [6][9] - The growth in EU investment in China, which increased by 11.7% in the first quarter of this year, reflects the strong interest of European companies in the Chinese market [7] - The cultural and people-to-people exchanges are also thriving, with projections indicating that Chinese tourists will significantly contribute to the European economy in the coming years [8]