以下文章来源于一见Auto ，作者郑植文 一见Auto . | (Unaudited) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | ($ in millions, except percentages and per share data | Q3-2024 | Q4-2024 | Q1-2025 | Q2-2025 | Q3-2025 | YOY | | Total automotive revenues | 20,016 | 19,798 | 13,967 | 16,661 | 21,205 | 6% | | Energy generation and storage revenue | 2,376 | 3,061 | 2,730 | 2,789 | 3,415 | 44% | | Services and other revenue | 2,790 | 2,848 | 2,638 | 3,046 | 3,475 | 25% | | Total revenues | 25,182 | 25,707 | 19,335 | 22,49 ...

（来源：中国商报） 转自：中国商报 中国商报（记者 雷珂馨）北京时间10月23日，特斯拉发布2025年第三季度财报，其营收虽创历史新 高，但盈利表现不及预期。报告期内，特斯拉总营收约为281亿美元，同比增长12%，这一增长主要得 益于汽车交付量以及能源业务创纪录的表现。然而，其净利润（非美国通用会计准则下）为17.7亿美 元，同比下滑29%，未能达到市场预期。 值得关注的是，特斯拉在财报中将"AI技术、智能辅助驾驶功能以及人形机器人"列为推动公司未来发展 的核心驱动力。其中，迭代速度不断加快的完全自动驾驶（FSD）系统，以及逐步迈向商业化落地的 Optimus人形机器人，被业界视为特斯拉未来业绩能够实现超预期增长的关键。 特斯拉能源发电与储能业务在第三季度表现亮眼，营收同比增长44%，达到34.2亿美元，成为特斯拉旗 下增长最为迅猛的板块，该业务主要由太阳能发电和储能系统两大核心部分构成。 第三季度，特斯拉储能产品的装机量达到12.5吉瓦时，创下历史新高。其毛利环比、同比均实现增长， 以11亿美元创下新纪录。 在财报电话会议上，特斯拉CEO埃隆·马斯克透露，公司当前正集中资源全力研发新一代固定式储能产 品Me ...

尽管利润大幅下滑，但特斯拉汽车交付量创季度新高，同时在AI、机器人等领域"全面出击"。 当地时间10月22日美股盘后，特斯拉发布了2025年三季度财报。公司营收为281亿美元，同比12%，创 下同期历史新高，但净利润为13.7亿美元，同比下降了37%，经调整净利润为17.7亿美元，同比下滑 29%。从汽车交付量来看，三季度特斯拉交付量达49.7万辆，同比增长7.4%，创下历史新高。 当地时间10月23日，特斯拉美股大幅低开，盘初进一步走低，一度跌超5.7%，截至发稿，跌幅收窄至 2.5%。 如何看待马斯克所说的"领先地位"？北京社科院副研究员王鹏接受证券时报记者采访时表示，马斯克的 论断基于特斯拉在AI落地的全链条能力：从数据采集（庞大车队实时反馈）到算法迭代（自研芯片与 超算集群），再到场景验证（自动驾驶与Robotaxi商业化），形成闭环优势。王鹏表示，其"领先性"体 现在"车端AI"与规模化应用的结合。 目前，自动驾驶功能和Robotaxi业务成为特斯拉AI能力的主要"舞台"。马斯克表示："自动驾驶的大规 模推进和无人驾驶网约车的发展，将从根本上改变交通运输的本质。"2025年第三季度，特斯拉开始推 送 ...

尽管利润大幅下滑，但特斯拉汽车交付量创季度新高，同时在AI、机器人等领域"全面出击"。 当地时间10月22日美股盘后，特斯拉发布了2025年三季度财报。公司营收为281亿美元，同比12%，创 下同期历史新高，但净利润为13.7亿美元，同比下降了37%，经调整净利润为17.7亿美元，同比下滑 29%。从汽车交付量来看，三季度特斯拉交付量达49.7万辆，同比增长7.4%，创下历史新高。 当地时间10月23日，特斯拉美股大幅低开，盘初进一步走低，一度跌超5.7%，截至发稿，跌幅收窄至 2.5%。 | 464.040 | TSLA[特斯拉(TESLA)] 428.015 -2.50% | | | | | | | | | | 5.71% | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 455.683 | | | | | | | | | | | 3.81% | | 447.327 | | | | | | | | | | | 1.90% | | 438.970 | | | | | | | | | | | 0.00% ...

Core Viewpoint - Tesla's stock experienced a significant decline of 5.11% on October 2, despite achieving record vehicle deliveries in Q3 2023, raising concerns about production challenges and market competition [1][2] Group 1: Q3 Performance - Tesla delivered 497,099 vehicles in Q3 2023, a year-over-year increase of 7.4%, exceeding market expectations [1] - Total vehicle production decreased by 4.8% year-over-year to 447,450 units, indicating potential production chain bottlenecks or operational challenges [1] Group 2: Market Dynamics - Tesla's sales performance varied by region, with poor sales in Europe attributed to consumer backlash against CEO Elon Musk's political views and increased competition from rivals like Volkswagen [1] - In the U.S., Tesla's performance was more optimistic due to federal tax credit incentives, although this policy has now ended, posing future demand challenges [1] Group 3: Diversification and Future Outlook - Tesla's energy storage products achieved 12.5 GWh in Q3, reflecting ongoing investments in the renewable energy sector [2] - The company is advancing in artificial intelligence and autonomous driving technologies, with its Robotaxi service already operational in several U.S. regions [2] - Upcoming shareholder meetings are expected to announce new development plans, particularly in AI and robotics, which will be a focal point for the market [2] - Analysts maintain that Tesla's long-term growth prospects remain attractive amid the rapid expansion of the global electric vehicle market [2]

| 2025 Q3 | Production 生产 | Deliveries 交付 | Subject to operating lease accounting 经营性租赁占比 | | --- | --- | --- | --- | | Model 3/Y | 435,826 | 481,166 | 2% | | 其他车型 | 11,624 | 15,933 | 7% | | Total 总计 | 447,450 | 497,099 | 2% | 特斯拉发布2025年Q3全球生产与交付报告显示。 第三季度交付量49.7万，远超市场预期，不过产量却有所下降。 不过周四美股开盘，特斯拉高开低走转跌，目前跌超2%，总市值1.49万亿美元。 | ■ TSLA 分时 多日 日K 周K 月K 季K 年K 1分 3分 5分 10分 15分 30分× 1天:1分K v 显示 v ◎ ■v | | --- | | 中 『 『 ・ ・ ・ ・ | 电动车和储能业务齐创新高 据特斯拉微博数据，第三季度特斯拉全球共生产纯电动车约44.7万辆，同比降4.8%；交付量达49.7万辆，同比增7.4%。 其中，Model 3/Y 产量43 ...

Core Insights - Tesla reported record highs in both electric vehicle production and energy storage business for Q3 2025 [1] - The company produced approximately 447,000 pure electric vehicles and delivered 497,000 units during the quarter [1] - Tesla's energy storage product installation reached 12.5 GWh, with the Shanghai Gigafactory contributing significantly to growth [1] Production and Delivery - In Q3 2025, Tesla's global production of electric vehicles was about 447,000 units [1] - The delivery volume for the same period reached 497,000 units [1] - The Shanghai Gigafactory delivered over 90,000 units in September, with sales in the Chinese market exceeding 71,000 units, marking a 25% increase month-over-month [1] Financial Reporting and Future Events - Tesla's Q3 financial report is scheduled for release on October 23, 2025 [1] - The company's shareholder meeting will take place on November 7, 2025, where updates on AI, humanoid robots, electric vehicles, and energy sectors will be provided [1] Technological Developments - The third-generation Tesla humanoid robot is expected to launch by the end of 2025, featuring human-like fine motor skills [1] - Tesla's Robotaxi autonomous ride-hailing service is expanding its operational range and hours in Texas and California, with public access for downloads and registrations now available [1]

Core Viewpoint - The A-share market saw a significant surge in robotics concept stocks, with notable increases in share prices for several companies, indicating strong investor interest in the robotics sector [1][2]. Group 1: Stock Performance - Sanxie Electric (三协电机) experienced a remarkable increase of 757.87%, reaching a market capitalization of 5.387 billion [2]. - Kunbo Precision (坤博精工) rose by 21.72%, with a total market value of 2.666 billion [2]. - Lide Harmony (绿的谐波) saw a 13.05% increase, bringing its market cap to 30.5 billion [2]. - Other companies such as Taihe Intelligent (泰禾智能), Shiyun Circuit (世运电路), and Mingzhi Electric (鸣志电器) all hit the 10% daily limit increase [1][2]. - Overall, several companies in the robotics sector, including Top Group (拓普集团) and Luxshare Precision (立讯精密), also reported increases ranging from 6% to 9% [1][2]. Group 2: Tesla's AI Developments - Tesla has launched an official Weibo account named "TeslaAI," aimed at promoting its AI products, including humanoid robots and autonomous driving technologies [2]. - The account has already posted its first content showcasing the appearance of Tesla's humanoid robot, which features the Tesla logo and a gold/black color scheme, likely referring to the previously revealed "Optimus 3" humanoid robot [2].

Core Viewpoint - Tesla has launched an official Weibo account named "TeslaAI" to introduce its AI products, including humanoid robots, smart assisted driving, Robotaxi, and Cortex computing clusters [1]. Group 1 - The Weibo account is certified as "Tesla Official Account" and aims to showcase Tesla's advancements in AI technology [1]. - The first post on the Weibo account features the appearance of Tesla's humanoid robot, highlighting its design with a streamlined body in light gold and black, prominently displaying the Tesla logo [4].