此前工信部第二十批减免车辆购置税的新能源汽车车型目录中已经预告了Model 3长续航后驱版。公开信息显示，该车型搭载78.4kWh三元锂电池。 在不加大电池容量的情况下，特斯拉继续将能效"卷"到极致。 8月12日，特斯拉宣布推出全新Model 3长续航后轮驱动版（以下简称"长续航后驱版"），新车续航得到大幅加强，达到830km，是目前所有版本之最，零百 加速为5.2秒，区别于后轮驱动版的6.1秒，官方起售价为26.95万元，目前可享5年0息和8000元显示保险补贴。 一方面，长续航后轮驱动版相较全轮驱动版减少了一个电机重量，整体车身减轻了约100kg。另一方面，7月1日Model 3长续航全轮驱动版升级时，针对电池 容量未变但续航提升约40km的情况，特斯拉曾有过解释：电池采用新的化学配方，并通过整车的优化，提升了车辆的续航里程。 同日，Model 3高性能全轮驱动版也迎来升级焕新，在未改变电池容量的情况下，续航从623km提升至647km。零百加速仍维持在3.1秒，售价与旧款33.95万 元持平。截至目前，2025款特斯拉Model 3全系共有4个版本。 当前，特斯拉在中国面临着激烈的市场竞争。作为纯电车鼻 ...

Tesla Q2 2025 Earnings Call Summary Company Overview - **Company**: Tesla - **Date**: Q2 2025 Earnings Call Key Points Production and Sales Performance - In Q2 2025, Tesla's production was 410,000 units, remaining flat year-over-year, while sales decreased by 13.5% to 384,000 units [2][5] - Deliveries in key markets saw significant declines: China down 26%, the US down 18.35%, and Europe down 31.6%, with Europe experiencing the most severe drop [2][7] - The decline in sales is attributed to decreased competitiveness of Model 3 and Model Y, alongside political factors affecting the European market [2][8] Revenue and Financial Outlook - Q2 revenue is expected to decline by approximately 15% year-over-year if prices remain unchanged [2][9] - The energy business contributes about 10% to Tesla's overall revenue, with a projected growth of over 50% in deployment volume for the year, despite potential demand suppression due to tariffs [2][11] AI and Robotaxi Developments - Tesla is testing its robotaxi service in Austin, with initial rides priced at $4.2 per trip, using a modified Model Y platform [2][12] - The robotaxi project faces challenges in data collection and regulatory submissions, with commercial data expected in 1-2 years [2][16] - The Optimus robot project is facing hardware and software issues, with production targets of 5,000 to 10,000 units for 2025, but only 1,000 units produced by the end of Q2 [2][18] Market Position and Competitive Landscape - Tesla's core business segments include automotive (80% of revenue), energy (10%), and services/other (10%) [2][4] - The average cost of the Model Y is approximately 250,000 RMB, which is not competitive compared to rivals [2][14] - The robotaxi's operational area is limited compared to competitors like Vivo and萝卜快跑, which have achieved profitability [2][16] Future Product Launches - The launch of a more affordable Model 2 or Model Q is critical for Tesla's valuation, but cost reduction challenges remain significant [2][20][21] - A 6-seat version of the Model Y is expected to be released in Q3 2025, with further details pending [2][22] Important Considerations - Monitoring of automotive gross margins, energy deployment volumes, and the progress of AI initiatives like Robotaxi and Optimus is essential for assessing Tesla's future performance [2][19] - The impact of tariffs on energy business margins and the overall cost structure will be crucial in the upcoming quarters [2][11] Conclusion Tesla's Q2 2025 performance reflects significant challenges in sales and production, particularly in key markets. The company's focus on AI and energy solutions presents both opportunities and hurdles, with future product launches being pivotal for its market position.

Core Viewpoint - Deutsche Bank analyst Edison Yu maintains a Buy rating on Tesla (NASDAQ: TSLA) with a price target of $345, driven by the anticipated rollout of low-cost electric vehicles and the upcoming earnings report [1][4]. Financial Outlook - Analysts expect adjusted earnings per share (EPS) of $0.40 on revenue of $22.42 billion, while Yu projects revenue slightly lower at $22.2 billion, with automotive gross margins rising to 14%, up from 12.5% in Q1 [5]. - Tesla reported EPS of $0.52 on $25.5 billion in revenue in Q2 2024, but the decline in expectations reflects softer EV demand and competition in China [6]. - Yu forecasts total deliveries for 2025 at 1.58 million units, a 12% year-over-year decline, including 25,000 units of the upcoming Model Q [6]. Product Launches and Growth Drivers - Tesla plans to launch the low-cost "Model Q" in Q4 2025, which is seen as a critical factor for growth [4]. - The upcoming release of the Model Y Long in China this fall is highlighted as a potential growth driver [7]. - Tesla delivered 384,000 vehicles in Q2, exceeding Deutsche Bank's internal forecast [7]. Strategic Developments - The recently launched robotaxi service, which debuted in Austin, is expected to expand to San Francisco, Phoenix, and Miami, with up to 1,000 units deployed in the next six to nine months [7].

Product Speculation - Tesla's 2024 Impact Report may hint at a new 4-door hatchback model, potentially named "Model Q" [1] - The speculated "Model Q" is based on observations of a 4-door hatchback spotted in the report [1]

Group 1: Legislative Developments - Elon Musk publicly criticized Trump's tax reform and spending bill, calling it a "shameful monstrosity" and a "disgusting waste" [1] - The bill, referred to as "One Big Beautiful Bill," is currently under Senate review and is expected to increase the deficit by $3.8 trillion over the next decade [1][2] - The White House defended the bill, emphasizing its alignment with Trump's previous tax policies and the introduction of work requirements for Medicaid [1] Group 2: Musk's Position and Tesla's Stock - Musk expressed disappointment over the current deficit trends, stating that the bill would exacerbate the already large budget deficit and burden Americans with unsustainable debt [2] - Despite Musk's political statements, Tesla's stock price showed limited impact, closing up 0.46% at $344.27, with a significant increase of over $100 since late April [2] - Tesla acknowledged that Musk's relationship with the Trump administration had caused some brand damage [2] Group 3: Future Plans and Market Expectations - Investors are eagerly anticipating Tesla's upcoming "robotaxi" service, which is seen as a significant step towards commercializing autonomous driving [3] - Morgan Stanley analyst Adam Jonas highlighted the need for national standards for autonomous driving regulations and projected a target price of $410 for Tesla, with most value derived from AI and autonomous driving [3] - Tesla plans to launch a low-cost model, referred to as "Model Q," in late 2025 to stimulate sales growth, although Wall Street remains cautious about sales projections for 2025 [3] Group 4: Market Insights - Gary Black, a notable Tesla bull, suggested that Tesla should introduce a smaller, more practical pickup truck to complement the existing Cybertruck, estimating global small truck sales at around 6 million units annually [4] - Black sold all his Tesla shares for the first time since 2021, citing concerns over short-term stock price increases and predicting a potential correction, with a target price of $310 [5]

特斯拉上周国内销量仅3000台，新车或成马斯克的销量秘密武器。 特斯拉平价新车可能很快就要来了。 车东西5月13日消息，近日，有网友在特斯拉德州超级工厂（Giga Texas）拍摄的航拍视频中，发现了一辆外形特殊的测试车，被不少人猜测 为传闻中的"Model 2"或"Model Q"。 这款新车的曝光也引发了外界对特斯拉"平价车型"研发进展的关注。 一名长期关注Giga Texas的网友在社交媒体上分享称，他在工厂区域内拍到了一辆被车罩覆盖的测试车。 社交媒体上曝光的特斯拉新车 虽然车身大部分被遮挡，且缺少车顶和部分车身面板，但可以看出其整体轮廓与Model Y相似，甚至使用了类似的轮毂。 不过，与旁边停放的Model Y相比，这辆车显得更加紧凑。 值得一提的是，类似的测试车也曾在上个月出现在特斯拉位于加州的弗里蒙特工厂，一辆未完全组装的测试车停在Model Y和Model S之间，外 观同样呈现出紧凑型跨界车的特征。 特斯拉未完全组装的测试车 如此来看，特斯拉的"平价车型"目前很可能已经正式提上日程，也有一些初步的产出了。 目前，特斯拉销量持续下滑，在欧洲市场一度被比亚迪反超，而平价新车或许可以给特斯拉带来 ...

销量愁云惨淡，股价反而回升？看起来特斯拉的投资者并不关心全球销量继续下滑了。特斯拉的股价已 经和销量完全脱节，全球销量持续下滑，股价反而稳步回升，市盈率更是接近170倍的疯狂水平。 美国股市上周五，特斯拉收盘上涨4.7%，股价收至298.26美元。这个全球车企第一股已经连续三个星期 收盘上涨，先后上涨了18%、1%和3.85%，市值也回升超过9600亿美元，悄然逼近了万亿美元关口。 需要强调的是，特斯拉股价并不是随着美股大盘一道走高，因为在他们上周稳步回升的同时，标普500 指数和道琼斯工业平均指数分别下跌了0.1%和0.3%。 上周对特斯拉来说，并没有太多利好消息，反而传来了销量继续下滑的消息。特斯拉在几大核心市场的 下滑趋势不仅没有改善，而且情况似乎还在更加恶化。 为什么销量一降再降，财报惨不忍睹，特斯拉股价还能逆市走高？看起来，资本市场已经不再在乎特斯 拉的核心业务，无论特斯拉的电车销量持续下滑，股市都已经充分消化了最差预期，将关注点转向了马 斯克画出的新大饼：无人车和机器人。 欧洲市场继续崩盘 看起来，特斯拉在欧洲市场已经是颓势难止。欧洲是特斯拉全球第三大市场，仅次于中国和美国。今年 第一季度，特斯拉 ...

Tesla (TSLA -3.42%) hit a record high of $480 per share in December after Donald Trump won the presidential election. The market assumed the relationship between CEO Elon Musk and President Donald Trump would benefit the company in some way, but that benefit has yet to materialize. Instead, Tesla stock tumbled more than 50% from its record high in early March, something that has happened only three times before. Shares have since rebounded slightly but remain 45% below their high. Fortunately, history says ...