Core Insights - Tesla's AI software vice president Ashok Elluswamy warned employees that 2026 will be the "most difficult year" of their careers, urging them to prepare for unprecedented work intensity to meet company goals [1] - The company has set aggressive timelines for the production of the Optimus robot and the expansion of Robotaxi services, which are critical for CEO Elon Musk's recently approved compensation plan [1][3] - Tesla's Q3 2025 financial report indicated a revenue of $28.095 billion, a 12% year-over-year increase, but a net profit decline of 37% to $1.37 billion, highlighting the challenges posed by intense competition and price wars in the electric vehicle market [5] Financial Performance - Tesla's Q3 total revenue reached $28.095 billion, up 12% year-over-year, while net profit fell to $1.37 billion, down 37% [5] - Global vehicle deliveries in Q3 hit a record high of 497,100 units, primarily driven by the Model 3/Y series, which accounted for 481,200 units [5] - The energy business also achieved a record deployment of 12.5 GWh in storage products [5] Market Reaction - Following the financial report, Tesla's stock closed at $401.99, down 6.64%, resulting in a market value loss of approximately $95.2 billion (around 67.55 billion yuan) [5][6]

Market Overview - On November 13, U.S. stock indices collectively declined, with the Dow Jones falling by 797.6 points (1.65%), the S&P 500 down by 113.43 points (1.66%), and the Nasdaq Composite dropping by 536.10 points (2.29%) [1] Technology Sector Performance - The technology sector experienced significant losses, with Tesla down over 6%, Intel down over 5%, AMD and Oracle down over 4%, and Nvidia down over 3%. Nvidia's market value decreased by $168.64 billion (approximately ¥1,196.67 billion) in one night [2] Tesla's AI Team Challenges - Tesla's AI executive warned that 2026 will be the most challenging year for employees, urging them to prepare for unprecedented work intensity to meet company goals. This was communicated during a two-hour all-hands meeting aimed at motivating the AI team [4][5] - Tesla's stock price was reported at $401.99, reflecting a 6.64% drop, with a market value loss of $95.2 billion (approximately ¥675.5 billion) [4] Tesla's Financial Performance - Tesla's Q3 2025 financial report indicated total revenue of $28.095 billion, a 12% year-over-year increase, but net profit fell by 37% to $1.37 billion. The company achieved a record global delivery of 497,100 vehicles, primarily driven by the Model 3/Y series [9] xAI Funding and Valuation - Elon Musk's AI startup xAI raised $15 billion from investors, bringing its valuation to $200 billion. This funding round added $5 billion to a previously disclosed $10 billion round, primarily aimed at acquiring GPUs for large language models [7] Cryptocurrency Market Activity - The cryptocurrency market saw over 194,000 liquidations in 24 hours, with a total liquidation amount of $717 million (approximately ¥5.088 billion) [12][14] Michael Burry's Fund Activity - Michael Burry's Scion fund has withdrawn its registration with the SEC, clarifying that his reported short positions were significantly lower than media claims. He held put options on Palantir and Nvidia, with a total investment of $9.2 million [14][15][16]