In a recent interview with CNBC, Wedbush analyst Dan Ives suggested that the next stage of the artificial intelligence (AI) revolution will be "physical AI," and only a couple of companies will stand to benefit from this shift. Aside from Nvidia (NVDA), which doesn’t come as a surprise, Ives believes Tesla (TSLA) could also be the best physical AI play in the world, arguing that the company’s ambitions extend far beyond electric vehicles (EVs). Let’s find out what makes Ives so confident about Tesla. Mo ...

2026年2月3日，硅谷上演了一场经典的资本操作。 马斯克麾下的xAI与太空探索技术公司（SpaceX）以迅雷不及掩耳之势完成合并，新实体估值高达1.25万亿美元。 更早之前，2025年3月，马斯克将自己麾下的社交媒体X Corp（也就是Twitter）并入xAI，开始玩起来左手倒右手的游戏。 市场普遍认为，马斯克的这两波操作，是利用SpaceX和Twitter稳健的现金流与"太空算力"的宏大故事，为烧钱如流水的xAI进行一场大规模的"资本输 血"。 合并前，成立不到2年的人工智能公司xAI估值已经飙到2000亿–2300亿美元，比中国所有人工智能创业公司加起来都多得多。 中美AI企业估值为什么能差出100倍？ 01 估值背后的傲慢与偏见 估值，是市场预期最直接的体温计，如果将中美两国的科技企业放在同一张表格中对比，两者的差异已近乎荒谬。 在权威评测机构Artificial Analysis的榜单上，xAI旗舰模型Grok4性能比不上中国公司开源的DeepSeek V3.2和Kimi K2.5……但估值却是他们加起来的好几 倍！ 如此悬殊的差距并非孤例。 在机器人领域，中国的宇树科技凭借其领先的运动控制和商业 ...

Core Insights - Tesla is introducing a new, more affordable Model Y variant, starting at $43,630, which is $7,000 less than the Premium AWD version [1] - The new Model Y AWD trim has a range of 294 miles, making it the shortest range among Model Y options, while the recently introduced Standard RWD trim starts at $41,630 with a range of 321 miles [2] - The AWD version accelerates from 0 to 60 mph in 4.6 seconds, which is 2.2 seconds faster than the RWD model [3] Product Line Adjustments - Tesla has removed the "Standard" label from its entry-level Model 3 and Model Y, now referring to them as "Rear-Wheel Drive," while higher trims retain "Premium" and "Performance" designations [4] - The company is discontinuing the Model S and Model X, which have been the weakest sellers in its lineup, as part of a strategy to focus on future technologies like autonomy and robotics [5] Sales Performance - Tesla's overall vehicle sales have declined by 9%, with the company losing its global EV sales leadership to BYD and being surpassed by Volkswagen in Europe [6] - In 2024, Tesla sold a combined total of 50,850 units of the Cybertruck, Model S, and Model X, accounting for just over 3% of its total sales of 1,636,129 vehicles [6]

Core Insights - Tesla shares increased by over 3.3% in premarket trading despite reporting its first-ever annual revenue decline, as CEO Elon Musk announced a strategic pivot towards AI and robotics [1][2] Group 1: Financial Performance - Tesla's fourth quarter 2025 earnings report narrowly exceeded Wall Street forecasts, but it marked the company's first annual revenue decline [2][3] Group 2: Strategic Shift - The company will cease production of its premium Model S and Model X vehicles to focus on manufacturing humanoid robots named Optimus at its Fremont, California facility [3][4] - Musk expressed optimism about the future, stating that the growth of AI and robotics will usher in an era of abundance [3] Group 3: Long-term Goals - Tesla aims to produce 1 million units of the Optimus robot at its California plant, indicating a significant shift in its production strategy [4] Group 4: Investment in AI - Tesla announced a $2 billion investment in xAI, Musk's artificial intelligence company, as part of its latest funding round, despite previous lukewarm responses from investors [5] - The investment aligns with Tesla's goal of integrating AI into physical products and services, while xAI focuses on developing digital AI solutions [5]

Core Viewpoint - Tesla, a leading EV maker, is set to report Q4 earnings, with shares experiencing significant volatility since 2020, yet have quadrupled since late 2023, nearing all-time highs as earnings approach [1] Earnings Expectations - Q4 earnings report is scheduled for January 28 after market close, with EPS estimates at $0.45, reflecting a 40% year-over-year decline, and revenue expected to be approximately $24.75 billion [2] - The options market anticipates a post-market move of +/- $29.56 or 6.58%, while Tesla has historically shown an average move of 9.64% over the past eight quarters [2] EPS Surprise History - Tesla has missed Zacks Consensus Analyst Estimates by an average of 11.10% over the past four quarters, indicating a trend of underperformance [3] Legacy EV Business Insights - Tesla's legacy EV business constitutes about three-quarters of its revenue, but investors may not focus heavily on this due to three factors: bad news is already priced in, expected interest rate declines, and diversification beyond the legacy EV business [5][6] Key Earnings Drivers - Analysts predict a slowdown in Q4 EPS, with Tesla shifting focus from EVs to energy, robotaxis, and robots, which will be closely monitored by investors [8] - Tesla's energy segment is experiencing robust growth at 84% year-over-year, with potential for triple-digit growth in the coming years [10] - The Tesla robotaxi network is being tested in San Francisco and Austin, with third-party data suggesting Tesla's full-self-driving service is twice as safe as the average human driver, which could lead to regulatory approval and new revenue streams [11] - The anticipated release of the "Optimus" humanoid robot and the high-volume production of the long-delayed "Semi" truck later this year are also significant developments [12] Long-term Outlook - While facing headwinds in the legacy EV business, Tesla's long-term value will hinge on the success of its energy, self-driving, and humanoid robot initiatives, as investors assess the potential of a diversified tech ecosystem to mitigate current challenges [13]

2026年并不是具身智能走向终局的一年，而是决定分化方向的一年。谁能够在这一年真正进入现实世界，并建立起可持续演化的能力闭环，谁 才有资格参与下一阶段关于"通用"的讨论。 2026年，具身智能正被推到了一个新的临界点。 在过去一年里，一级市场资本汹涌而至，融资额不断刷新着具身智能领域的历史纪录。 根据IT桔子数据显示，2025年具身智能领域，共发生329起融资事件，同比2024增长219.42%；融资金额更是高达398.9亿元，同比增长3倍之多。 从一月份春晚宇树H1登上春晚，到三月份具身智能写入政府工作报告，4月份机器人马拉松开幕，再到7月份，智元+宇树中标中国移动1.24亿元采购，开 启商业订单规模化；最后到国产机器人在CES展会炸场……具身智能在2025，画出了一道特殊的宏观图景。 站在当下来看，具身智能领域，钱、算力和硬件似乎都已就位，但在这个领域，钱究竟流向了哪里？是谁在这场竞赛中拿走了最多筹码？ 更重要的是，当"手"和"脚"已经初步成型，当模型开始走进工厂、仓库与产线，当下的具身智能，究竟已经能做什么？又有哪些能力，依然是金钱、算力 和工程堆叠都暂时无法攻克的"无人区"？2026年能否被攻克？ 根 ...

Core Viewpoint - 2026 is positioned as a pivotal year for Tesla, with CEO Elon Musk emphasizing the importance of new hardware and software developments that will shape the company's future [1][2]. Group 1: Major Bets for 2026 - Tesla's strategic focus for the year includes advancements in self-driving software, the launch of a fully autonomous robotaxi service, the introduction of humanoid robots, and the unveiling of a long-delayed new vehicle [2][11]. - Analysts highlight that Tesla's future success is increasingly dependent on the scalability of its AI-powered autonomy [2][3]. Group 2: Robotaxi Expansion - The Tesla Robotaxi service began limited operations in Austin, Texas, in June 2025, utilizing Model Ys and Model 3s without human drivers, although "safety drivers" were initially present [3][4]. - Current operational areas for Tesla's robotaxis include Phoenix, San Francisco, Los Angeles, Austin, and Atlanta, with a focus on regulatory approvals for full autonomy [4]. Group 3: Cybercab Production - Tesla's Cybercab, a purpose-built autonomous vehicle without a steering wheel or brake pedals, is set to begin volume production in April 2026 [5][6]. - The company claims a significant lead in consumer self-driving data, with over six billion miles driven using Full Self-Driving in supervised mode [6]. Group 4: Competition and Market Dynamics - Musk asserts that Tesla is five years ahead of competitors like Nvidia in self-driving technology [7]. - Despite Tesla's advancements, competition is intensifying, particularly from companies like BYD, which has surpassed Tesla in vehicle sales and is targeting lower price points in key markets [14][15]. Group 5: Challenges Ahead - Tesla has faced two consecutive years of sales declines, with 2026 potentially marking a third year of decline, compounded by the loss of federal tax credits for EV buyers [16][17]. - Analysts note that while Tesla's product lineup includes innovations, it may be perceived as stale compared to competitors, impacting its market position [18]. Group 6: Stock Performance and Investor Sentiment - Tesla shares reached a record high of over $481 in mid-December, reflecting a 12% increase over the past year, including a 50% surge in the last six months [19]. - Investors emphasize the need for Tesla to introduce an affordable entry-level EV to attract uncertain shoppers in a slowing EV market [19][20].

Core Viewpoint - The article discusses three distinct AI stocks that investors should consider for long-term investment, highlighting their unique attributes and potential in the AI sector. Group 1: Alphabet (GOOGL) - Alphabet is characterized as a stable investment with a high floor due to its established position in AI and cloud computing, making it a reliable choice for investors [5][8] - The company reported a market capitalization of $3.8 trillion and generated $74.1 billion in revenue from its core digital advertising business in Q3 [7] - Alphabet's ongoing investments in autonomous vehicles and quantum computing further enhance its growth prospects, making it a dependable option for buy-and-hold investors over the next three to five years [8] Group 2: Tesla (TSLA) - Tesla represents a high-risk, high-reward investment, with CEO Elon Musk emphasizing the potential value of its humanoid robot, Tesla Optimus [9][12] - The company has a market cap of $1.5 trillion, but its core vehicle business has faced challenges in recent quarters, which could impact stock performance [10][12] - The humanoid robotics market is projected to grow into a $5 trillion total addressable market by 2050, presenting significant upside potential for Tesla [11] Group 3: International Business Machines (IBM) - IBM is positioned as a rare AI dividend stock, appealing to investors seeking income alongside growth, with a dividend yield of 2.27% [13][15] - The company has a market cap of $277 billion and has raised its dividend for 29 consecutive years, reflecting its long-term growth capabilities [14][15] - IBM is actively expanding its AI ecosystem through mergers and acquisitions, with anticipated earnings growth at a high-single-digit annualized rate over the next three to five years [16]

Core Viewpoint - Companies like ASML, AppLovin, and Tesla have experienced significant stock price increases in 2025, making them potential candidates for stock splits in 2026 [1][2]. Group 1: ASML - ASML's stock has risen by 54% in 2025, currently trading at $1,072.75 with a market cap of $416 billion [2][5]. - The company is crucial in semiconductor manufacturing, producing extreme ultraviolet (EUV) lithography machines essential for advanced chipsets, driven by the AI boom [6]. - ASML's management projects annualized revenue growth of 7.6% to 13.3% through 2030, with earnings expected to grow over 22% annually for the next three to five years [6][9]. Group 2: AppLovin - AppLovin's stock has surged by 125% in 2025, currently priced at $714.23 with a market cap of $241 billion [2][10]. - The company specializes in software tools for mobile app and game developers, with revenue increasing by 68% to $1.4 billion last quarter [13]. - The mobile ad-tech market is projected to approach $1 trillion by 2030, positioning AppLovin for significant growth [13]. Group 3: Tesla - Tesla's stock has increased by 20% in 2025, currently trading at $475.19 with a market cap of $1.6 trillion [2][14]. - Despite slowing vehicle sales, Tesla is focusing on humanoid robotics, which could represent a multi-trillion-dollar opportunity by 2050 [15]. - The company's high price-to-earnings ratio of 300 times full-year earnings estimates reflects its status as a "story stock," driven by CEO Elon Musk's vision [17].

Group 1 - The article emphasizes the importance of focusing on robot manufacturers and core component suppliers, including actuators and motors, reducers, screw types, screw equipment, bearings, sensors, and complete machines [1] - On December 26, the Shanghai Stock Exchange released guidelines for the IPO of commercial aerospace companies, supporting those in a critical phase of large-scale commercialization [1] - The Long March 8A rocket successfully completed its sixth launch, marking a high-density launch year with six successful missions in 2025 [1] Group 2 - The narrative of commercial aerospace and humanoid robots is highlighted, with Elon Musk announcing plans to launch a rocket to Mars by the end of 2026, carrying a Tesla Optimus humanoid robot for feasibility testing [2] - The acceleration of financing in the embodied intelligence sector is noted, indicating a growing interest and investment in this area [3]