美东时间周二，美股三大指数涨跌不一，仅纳指小幅收涨。 特斯拉再度成为美股市场焦点之一，受到自动驾驶相关消息刺激，特斯拉股价拉涨超3%，创历史新 高。总市值1.63万亿美元，较3月低点反弹了约70%。 | + B | 20 + 1880 649 | TSLA 特斯拉 | 分时 | · 5分钟 15分钟 60分钟 | 更多国用 · | 日底 | 2 MA MA5:431.040 ↑ MA10:366.891 ↑ MA20:322.456 ↑ MA30:280.749 MA60:270.219 (GJDS - | +14.570 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 489.880 | +3.07% | <- 491.500 | | | | | | | | 收盘 | 0.17% | | | | | | | | | 360.57 | 490,680 | 40 | | | | | | | | 490.570 | 40 | 200.00 | 分时成交 () | 第 | | | | | | 100.0 | 489.880 | 05:00 | ...

美东时间周二，美股三大指数涨跌不一，仅纳指小幅收涨。 特斯拉再度成为美股市场焦点之一，受到自动驾驶相关消息刺激，特斯拉股价拉涨超3%，创历史新高。总市值1.63万亿美元，较3月低点反弹了约70%。 随着特斯拉股价的回升，以及SpaceX估值飙升，马斯克的财富增长也水涨船高。 《福布斯》最新数据显示，埃隆·马斯克的身家达到了6842亿美元，距7000亿美元仅差158亿美元。成为历史上首位身家突破6000亿美元的人。 目前，马斯克比全球第二富豪、谷歌联合创始人拉里·佩奇(身家2521亿美元)的财富多出4321亿美元。 | દવ | | | | Forbes | | --- | --- | --- | --- | --- | | | Rank く | Name | Net Worth | Change | | | 1 | Elon Musk | $684.2B | $8.2 B +1. | | | 2 | Larry Page | $252B | ▼ $1.2 B -0. | | | 3 | Larry Ellison | $239.8B | A $4.5 B +1. | | | 4 | Jeff Bezos | ...

Core Insights - Tesla has established a strong AI chip and circuit board engineering team, successfully designing and deploying millions of AI chips for its smart vehicles and data centers, which solidifies its technological leadership in real-world AI [1] - Tesla has officially entered an annual AI chip iteration cycle, planning to launch a new generation AI platform approximately every 12 months, with a production target of up to 200 billion AI chips annually to support its expanding FSD fleet and future projects like Optimus robots and Cybercab autonomous taxis [2] Production Strategy - To overcome chip supply bottlenecks, Tesla is implementing a dual strategy of "self-built + diversified procurement," which includes advancing the construction of TeraFab-level wafer fabs to meet its anticipated semiconductor demand [2] - Tesla has integrated partnerships with TSMC and Samsung for the production of AI5 and next-generation AI6 chips, while also planning to include Intel's foundry services in its supply chain [2] - Despite the essential support from top chip manufacturers, Tesla recognizes that their capacity alone cannot fully meet its growth needs, making the establishment of its own wafer fabs a logical necessity [2]

Group 1: Hong Kong Stocks - Anhui Wantuo Expressway (00995) saw a rise of over 4%, reporting a revenue of 5.3855 billion yuan for the first three quarters of 2025, a year-on-year decrease of 2.07%, while net profit increased by 5.43% to 1.477 billion yuan [1] - Conant Optical (02276) increased by over 5%, with a cumulative rise of over 22% in the last six trading days, as it is the exclusive lens supplier for Alibaba's Quark AI glasses [1] - China Construction Bank (00939) rose over 3%, reporting a revenue of 174.376 billion yuan for Q3 2025, a year-on-year decrease of 1.77%, while net profit increased by 4.19% to 95.284 billion yuan [1] - Xiaomi Group-W (01810) increased by over 3%, with over 40,000 cars delivered in October 2025, and a total of over 290,000 cars delivered in the first ten months of the year, more than double last year's total [1] Group 2: Other Notable Stocks - Modern Dairy (01117) rose nearly 5% after announcing a 37.52 million HKD acquisition of approximately 1.28% of China Shengmu's shares, increasing its stake to over 30% [2] - China Coal Energy (01898) increased nearly 4%, reporting a 23.78% year-on-year decline in Q3 revenue, but a 28.26% quarter-on-quarter profit increase, with a 21.24% revenue decline for the first three quarters [2] - Wan Zhou International (00288) rose over 3%, reporting a revenue of 20.477 billion USD for the first nine months of 2025, an increase of 8.54%, and a profit of 1.168 billion USD, up 8.05% [2] Group 3: Biotech and Medical Stocks - Kangfang Biologics (09926) rose over 5% after its dual-specific antibody drug was included in the breakthrough therapy designation list, accelerating its clinical development for triple-negative breast cancer [3] - Chunli Medical (01858) increased over 9%, with a revenue of 756 million yuan for the first three quarters, a year-on-year increase of 48.75%, and a net profit of 192 million yuan, up 213.21% [4] Group 4: US Stocks - Tesla (TSLA.US) rose nearly 4% as it prepares to showcase its Cybercab autonomous taxi at the China International Import Expo [5] - Roku (ROKU.US) increased over 6%, reporting a revenue of 1.21 billion USD for Q3, a year-on-year increase of 14% [5] - First Solar (FSLR.US) rose over 14%, reporting Q3 sales of 1.59 billion USD, an 80% year-on-year increase [5] - Amazon (AMZN.US) increased over 9%, with Q3 net sales growing 13% to 180.2 billion USD, exceeding analyst expectations [6]

Core Viewpoint - Tesla's stock rose nearly 4% to $455.75, driven by news of its upcoming showcase of the Cybercab autonomous taxi at the China International Import Expo in Shanghai on November 5, 2025, and the hiring of a "Roadster manufacturing engineer," indicating potential mass production of the next-generation Roadster electric vehicle [1] Company Developments - Tesla will debut its Cybercab autonomous taxi in the Asia-Pacific region at the China International Import Expo in November 2025 [1] - The recruitment of a "Roadster manufacturing engineer" suggests that the next-generation Roadster electric vehicle may soon enter mass production [1] Analyst Ratings - Morgan Stanley maintains a "buy" rating on Tesla and has raised its price target from $410 to $800, reflecting confidence in Tesla's core electric vehicle business [1]

Core Insights - Tesla reported Q3 2025 financial results with a revenue of $28.1 billion, a 12% year-over-year increase, surpassing the estimated $26.36 billion [3] - Adjusted net income for Q3 was $1.77 billion, reflecting a 29% decline year-over-year, while adjusted earnings per share (EPS) was $0.50, down from $0.72 in the same period last year [3] - The company produced over 447,000 vehicles and delivered over 497,000 vehicles in Q3, alongside deploying 12.5 GWh of energy storage products [4] Financial Performance - Total automotive revenues for Q3 were $20.016 billion, with energy generation and storage revenue at $2.376 billion and services and other revenue at $2.790 billion [4] - The total gross profit for Q3 was $4.997 billion, with a gross margin of 19.8% [4] - Free cash flow reached $3.99 billion, significantly exceeding the forecast of $1.25 billion [3][4] Future Plans - Tesla plans to launch the Cybercab autonomous taxi service, the heavy-duty electric truck Semi, and the new energy storage system Megapack 3 by 2026 [5] - The company is also constructing the production line for the humanoid robot Optimus, with the third generation expected to be released in Q1 next year [5] - Robotaxi services are anticipated to operate in 8-10 regions by the end of the year, with full autonomous operations expected in Austin [5]

Market Overview - US stock indices closed mixed, with the Nasdaq up 0.72%, S&P 500 up 0.1%, and Dow Jones down 0.21% [3] - Major tech stocks mostly rose, with Tesla and Nvidia up over 4%, Google up over 3%, and Netflix up over 1% [3] - International oil prices weakened, with WTI crude down 1.23% at $62.89 per barrel and Brent crude down 1.23% at $65.81 per barrel [3] - International gold prices fell, with spot gold down 2.26% to $3176.58 per ounce [3] US-China Trade Relations - The US has adjusted tariffs on Chinese goods, revoking a total of 91% tariffs and modifying a 34% tariff, with 24% suspended for 90 days [5] - The US also reduced tariffs on small packages from China, lowering the international mail tax rate from 120% to 54% [5] Economic Indicators - As of April, the broad money supply (M2) in China was 325.17 trillion yuan, growing 8% year-on-year [6] - The narrow money supply (M1) was 109.14 trillion yuan, up 1.5% year-on-year [6] Corporate Developments - Tencent reported Q1 2025 revenue of 1800.2 billion yuan, a 13% year-on-year increase, with gross profit up 20% [17] - Apple has significantly reduced prices for the new iPhone 16 Pro, with discounts up to 2500 yuan [18] - JD.com apologized for a system crash during a promotional event, offering compensation to affected users [19] - NIO's parent company is facing bankruptcy scrutiny, although the company denies any bankruptcy application [26] Regulatory Actions - The Chinese Ministry of Commerce announced measures to strengthen control over strategic mineral exports to prevent illegal outflows [7] - The Ministry of Commerce also suspended measures against 17 US entities on the unreliable entity list for 90 days [8] Legal Matters - The former chairman of Tsinghua Unigroup, Zhao Weiguo, was sentenced to death with a two-year reprieve for corruption [29] - A blogger was ordered to apologize and pay 60,000 yuan for defaming Xiaomi and its founder Lei Jun [20]

Market Overview - US stock index futures are all up before the market opens, with Dow futures up 0.05%, S&P 500 futures up 0.20%, and Nasdaq futures up 0.34% [1] - European indices show mixed performance, with Germany's DAX down 0.31%, UK's FTSE 100 up 0.03%, France's CAC40 down 0.43%, and the Euro Stoxx 50 down 0.33% [2][3] - WTI crude oil is down 1.10% at $62.97 per barrel, while Brent crude oil is down 1.04% at $65.94 per barrel [3][4] Economic Insights - April's Consumer Price Index (CPI) unexpectedly cooled to 2.3% year-on-year, down from 2.4% in March, but analysts warn that the impact of tariffs has yet to be reflected in the data [4] - Morgan Stanley's chief economist suggests that the true effects of tariffs will become evident in upcoming months, with inflation pressures expected to rise [4] - Goldman Sachs estimates that the core Personal Consumption Expenditures (PCE) inflation rate could rise from 2.6% in March to 3.6% by the end of the year [4] Stock Market Predictions - Citigroup and JPMorgan predict short-term gains by investing in the worst-performing stocks of the year, particularly small-cap stocks and technology hardware [4] - UBS has downgraded its rating on US stocks from "attractive" to "neutral," citing concerns over rapid market increases and ongoing uncertainties [5] Currency and Trade - A potential long-term "dollar bear market" is anticipated, driven by chaotic trade policies and the impact of tariffs on investor confidence [6] - Analysts suggest that institutional investors are recalibrating their portfolios, which may lead to significant selling pressure on the dollar [6] Company News - Nvidia and AMD have secured significant contracts in the Middle East, with Nvidia exporting 18,000 advanced AI chips to Saudi Arabia and AMD entering a $10 billion partnership [8] - Tesla plans to resume importing components from China for its Cybercab and Semi truck production, indicating a positive impact from easing trade tensions [9] - Sony's Q4 results were mixed, with a sales decline but a net profit increase, and it announced a ¥250 billion stock buyback plan despite warning of a ¥100 billion profit loss due to tariffs [10] - Supermicro has entered a $20 billion partnership with DataVolt to deliver high-density GPU platforms for AI data centers in Saudi Arabia and the US, leading to a significant pre-market stock increase [11]

Group 1 - Major U.S. stock index futures are experiencing slight declines, with Dow futures down 0.03%, S&P 500 futures down 0.09%, and Nasdaq futures down 0.12% [1] - Gold prices continue to decline, with spot gold reported at $3231.662 per ounce, reflecting a decrease of 0.58% [1] - Popular Chinese concept stocks are mostly rising in pre-market trading, with Alibaba up 1.39%, Pinduoduo up 1.11%, Baidu up 2.15%, and Li Auto up 2.61% [1] - Advanced Micro Devices (AMD) shares rose over 10% in pre-market trading after Raymond James initiated an overweight rating with a target price of $41 [1] - GlaxoSmithKline announced plans to acquire Boston Pharmaceuticals' subsidiary for up to $2 billion to gain rights to the fatty liver disease drug Efimosfermin, resulting in a 2% increase in GlaxoSmithKline's stock [1] Group 2 - Pony.ai shares surged over 16% in pre-market trading as the company plans to apply for a confidential listing in Hong Kong [2] - UBS raised its target price for Disney from $105 to $120 while maintaining a "buy" rating [2] - Tesla plans to resume shipping parts from China to the U.S. starting at the end of May for the production of Cybercab autonomous taxis and Semi electric trucks, leading to a 1.8% increase in Tesla's stock [2] - UBS downgraded its rating on U.S. stocks, citing high uncertainty, while expressing optimism about the earnings outlook for Chinese tech stocks amid easing trade tensions [2] - American Eagle Outfitters withdrew its full-year earnings guidance for 2025 and reported first-quarter results below expectations, resulting in a 13.7% drop in its stock [2]

Group 1 - Tesla plans to resume shipping components produced in China to the U.S. for the production of Cybercab autonomous taxis and Semi electric trucks starting at the end of this month, following a ceasefire agreement on tariffs between the U.S. and China [1] - The trade ceasefire agreement indicates that both countries have agreed to eliminate most tariffs and other countermeasures, which has had an immediate impact on business activities [1] - Tesla had previously suspended its component shipping plans after the U.S. raised tariffs on Chinese goods to 145%, which could have disrupted the mass production plans for its two anticipated models [1] Group 2 - Tesla aims to expand Semi truck production in 2026 and expedite deliveries of long-standing orders to clients such as PepsiCo [2] - Elon Musk, Tesla's CEO, has publicly opposed the tariff policies initiated by the Trump administration, which were intended to boost U.S. manufacturing but have negatively impacted Tesla [2] - The increase in tariffs has complicated Tesla's capital investment plans, as the company needs to import equipment from abroad, particularly from China, to expand its domestic production lines [2]