（图为特斯拉Model X。夏治斌/摄影） 中经记者 夏治斌 石英婧 上海报道 北京时间1月29日，特斯拉发布2025年第四季度及全年财报。数据显示，特斯拉全年总营收为948.27亿 美元，同比下降3%，首次出现年度营收下降。盈利端同样承压，特斯拉全年GAAP净利润37.94亿美 元，同比下降46%，非GAAP净利润59亿美元，同比下降26%。 《中国经营报》记者注意到，尽管亚太市场交付量创下新高、Model Y完成持续迭代，但受行业竞争加 剧、高端车型需求疲软等多重压力影响，特斯拉的整体销量仍陷入低迷，这也成为其业绩下滑的主要诱 因。2025年，特斯拉电动车全年交付163.6万辆，同比下滑8.6%；对应的汽车业务收入695.26亿美元， 同比降幅达10%，成为拉低公司总营收的主要板块。 值得注意的是，尽管传统汽车业务面临挑战，特斯拉在储能、超充网络、自动驾驶订阅服务等领域的表 现仍具亮点。2025年第四季度，特斯拉储能装机量创下历史新高，超充桩净增超3800根，智能辅助驾驶 系统的月度订阅量实现翻倍增长。与此同时，特斯拉正在得州超级工厂打造Cortex 2算力集群，2026 年 上半年，得州超级工厂的本地算 ...

Group 1 - The core message is that Tesla's CEO Elon Musk announced the resumption of the Dojo 3 supercomputer project following the completion of the AI5 chip design [1] - Musk previously halted the Dojo project five months ago, stating that it was not sensible for Tesla to develop two distinct AI chip designs simultaneously [3] - The strategic shift towards a unified architecture for AI chips has been hinted at since last August, indicating a fundamental change in Tesla's AI chip strategy [4] Group 2 - The Dojo 3 project may continue in a form that integrates multiple AI6 SoCs on a single motherboard, reflecting a significant evolution in the company's approach to AI computing [4]

Core Viewpoint - Tesla is undergoing a significant strategic shift towards becoming an AI and robotics company, moving beyond its identity as merely an electric vehicle manufacturer. This transformation is centered around the Dojo supercomputer and the Cortex computing cluster, which are intended to enhance Tesla's advanced driver-assistance systems and fulfill Musk's vision of turning existing Tesla vehicles into autonomous taxis [1][5]. Group 1: Leadership Changes and Team Dynamics - Pete Bannon, Tesla's VP of Hardware Engineering, is leaving the company, which has led to the closure of the Dojo team and the reassignment of its engineers to other projects [1][4]. - Tesla has experienced a wave of talent departures this year, including key figures such as Milan Kovac, David Lau, and Omead Afshar [3]. Group 2: Dojo Supercomputer and AI Strategy - Tesla is disbanding the Dojo supercomputer project, which was initially seen as a cornerstone of its AI ambitions, and is now increasing reliance on external partners like Nvidia and Samsung for chip production [4][6]. - The Dojo project was intended to process vast amounts of video data for AI training, but discussions around it have diminished as focus shifts to the new Cortex AI training supercluster [5][6]. Group 3: Financial Agreements and Future Plans - Tesla has signed a $16.5 billion agreement with Samsung to produce more of its A16 chips domestically [2]. - Musk indicated that Tesla's AI efforts will continue to evolve, with a focus on integrating the Dojo and AI6 inference chips, which are expected to support various applications from full self-driving (FSD) to the Optimus humanoid robot [6].