老汉特朗普
02-21 00:38
不会合并的，合并了，马斯克岂不是亏大了，自己的实控企业让别人控制，那不是很快被踢出去
特斯拉或将被合并！
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21:31","market":"us","language":"zh","title":"特斯拉或将被合并！","url":"https://stock-news.laohu8.com/highlight/detail?id=2612267888","media":"WBusiness商业","summary":"图片/CEOBIZ作者：财哥来源：CEO商业评论电动汽车巨头特斯拉可能要被合并了。马斯克手里的另一家公司SpaceX，刚刚和一家人工智能公司xAI正式官宣合并了。为啥说特斯拉自己可能也想“合”呢？这种竞争格局不符合马斯克的第一性原理，特斯拉的调整改变是必然的。04 股东的态度特斯拉如何合并，最重要的要看股东的态度。特斯拉目前的市值高得吓人。如果特斯拉和SpaceX、xAI联手，反而能把未来的饼做得更大，股东手里的股票才可能更值钱。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20260220213239231v152wk3uh5duwe1\"/><p>图片/CEOBIZ</p><p>作者：财哥</p><p>来源：CEO商业评论</p><p>（ID：ceobiz）</p><p>电动汽车巨头<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>可能要被合并了。</p><p>这可不是空穴来风，种种迹象表明，这事儿发生的可能性还挺高。</p><p>马斯克手里的另一家公司SpaceX，刚刚和一家人工智能公司xAI正式官宣合并了。</p><p>两家一联手，市场的目光自然就瞄向了马斯克的“现金奶牛”——特斯拉。</p><p>01 “太空算力+AI+机器人”铁三角</p><p>很多人开始琢磨，这“三<a href=\"https://laohu8.com/S/002562\">兄弟</a>”是不是早晚也要抱成一团，形成一个“太空算力+AI+机器人”的铁三角。</p><p>说白了，SpaceX管太空算力，xAI管人工智能的“大脑”算法，特斯拉则负责把技术变成实实在在的东西，比如机器人、自动驾驶汽车，在地上用。</p><p>为啥说特斯拉自己可能也想“合”呢？主要是因为它的愿景和市场环境变了。</p><p>特斯拉自己早就不甘心只当个造车的了。</p><p>有投行分析，它现在更像一家“AI+机器人”的公司。</p><p>为了这个转型，2026年准备砸下的钱是去年的两倍，重点就花在三件事上：量产机器人、研发AI芯片和搞自动驾驶的数据中心。</p><p>造车反而有点像它展示这些高科技的一个“壳子”，不是重点目标了。</p><p>一个很明显的信号是，特斯拉最近把曾经撑门面的两款旗舰车型Model S和Model X都给永久停产了。</p><p>这可不是因为卖不出去，而是要把生产线腾出来，改造成专门生产名叫“Optimus”的人形机器人的工厂。</p><p>马斯克对这个机器人的期待，比电动车高得多，他认为部分业务未来会是公司最值钱的部分。</p><p>但要实现机器人量产的大目标，光靠特斯拉自己肯定不够，<a href=\"https://laohu8.com/S/5OQ.SI\">得和</a>另外两家兄弟公司共享技术、算力甚至供应链才行。</p><p>02 卖车遇到了点麻烦</p><p>特斯拉眼下也确实有点压力。老本行卖车遇到了点麻烦。</p><p>看它公布的业绩就能发现：2025年，卖车的收入比前一年少了百分之十，总的利润更是大幅下滑。</p><p>更直观的是，它的年度销量头一回被老对手<a href=\"https://laohu8.com/S/BYDDY\">比亚迪</a>给超过了。</p><p>电动<a href=\"https://laohu8.com/S/01490\">车市</a>场的竞争越来越“卷”，大家比的东西都差不多，而特斯拉以前的<span>技术优势</span>也在被追赶。</p><p>这就搞得它有点两头难顾：一边要应付激烈的车市竞争，一边还得往机器人、AI这些前沿新领域砸大钱。</p><p>这种竞争格局不符合马斯克的第一性原理，特斯拉的调整改变是必然的。</p><p>03 高管纷纷调整</p><p>特斯拉内部最近不太平，好些关键部门的高管都离开了。</p><p>从2025年<a href=\"https://laohu8.com/S/600381\">春天</a>算起，超过13位掌握着核心业务——比如电池、软件、充电网络、车型开发——的高管先后离职。</p><p>这些人里不少都是跟着公司成长了十年以上的元老，参与过建造超级工厂、研发自动驾驶系统这些奠定特斯拉今天地位的标志性项目。</p><p>高端人才的纷纷离开一个原因是公司战略重心的“乾坤大挪移”，让一些员工和高管感到迷茫或边缘化。</p><p>马斯克把大量的资源和注意力，投向了人工智能、人形机器人Optimus、完全自动驾驶的Robotaxi出租车这些更前沿、也更需要长期投入的领域。</p><p>这样一来，传统的汽车制造和销售业务，在公司的地位自然有所变化。</p><p>04 股东的态度</p><p>特斯拉如何合并，最重要的要看股东的态度。</p><p>特斯拉目前的市值高得吓人。之所以给它这么高的估值，投资者就下注它在AI和机器人的未来。</p><p>如果特斯拉和SpaceX、xAI联手，反而能把未来的饼做得更大，股东手里的股票才可能更值钱。市值越高，马斯克的天价薪酬才能领到。</p><p>马斯克本人对公司有很强的控制力，他的战略意图往往是决定性的。</p><p>总的来看，电动车行业的“内卷战场”已经装不下马斯克更大的野心了。</p><p>从停产旗舰车，到全力押注AI和机器人，再到可能的三方合并，这条主线越来越清晰：他想打造的，远远不止一家车企，而是一个横跨太空、人工智能和地面应面的超级科技<a href=\"https://laohu8.com/S/00776\">帝国</a>。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>特斯拉或将被合并！</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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class=\"title\">\n特斯拉或将被合并！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-20 21:31 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022021324797a69233&s=b><strong>WBusiness商业</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>图片/CEOBIZ作者：财哥来源：CEO商业评论（ID：ceobiz）电动汽车巨头特斯拉可能要被合并了。这可不是空穴来风，种种迹象表明，这事儿发生的可能性还挺高。马斯克手里的另一家公司SpaceX，刚刚和一家人工智能公司xAI正式官宣合并了。两家一联手，市场的目光自然就瞄向了马斯克的“现金奶牛”——特斯拉。01 “太空算力+AI+机器人”铁三角很多人开始琢磨，这“三兄弟”是不是早晚也要抱成一团，...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022021324797a69233&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 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GROWTH \"AG\" (USD) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","CRSH":"做空TSLA 期权收益策略ETF-YieldMax"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022021324797a69233&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2612267888","content_text":"图片/CEOBIZ作者：财哥来源：CEO商业评论（ID：ceobiz）电动汽车巨头特斯拉可能要被合并了。这可不是空穴来风，种种迹象表明，这事儿发生的可能性还挺高。马斯克手里的另一家公司SpaceX，刚刚和一家人工智能公司xAI正式官宣合并了。两家一联手，市场的目光自然就瞄向了马斯克的“现金奶牛”——特斯拉。01 “太空算力+AI+机器人”铁三角很多人开始琢磨，这“三兄弟”是不是早晚也要抱成一团，形成一个“太空算力+AI+机器人”的铁三角。说白了，SpaceX管太空算力，xAI管人工智能的“大脑”算法，特斯拉则负责把技术变成实实在在的东西，比如机器人、自动驾驶汽车，在地上用。为啥说特斯拉自己可能也想“合”呢？主要是因为它的愿景和市场环境变了。特斯拉自己早就不甘心只当个造车的了。有投行分析，它现在更像一家“AI+机器人”的公司。为了这个转型，2026年准备砸下的钱是去年的两倍，重点就花在三件事上：量产机器人、研发AI芯片和搞自动驾驶的数据中心。造车反而有点像它展示这些高科技的一个“壳子”，不是重点目标了。一个很明显的信号是，特斯拉最近把曾经撑门面的两款旗舰车型Model S和Model X都给永久停产了。这可不是因为卖不出去，而是要把生产线腾出来，改造成专门生产名叫“Optimus”的人形机器人的工厂。马斯克对这个机器人的期待，比电动车高得多，他认为部分业务未来会是公司最值钱的部分。但要实现机器人量产的大目标，光靠特斯拉自己肯定不够，得和另外两家兄弟公司共享技术、算力甚至供应链才行。02 卖车遇到了点麻烦特斯拉眼下也确实有点压力。老本行卖车遇到了点麻烦。看它公布的业绩就能发现：2025年，卖车的收入比前一年少了百分之十，总的利润更是大幅下滑。更直观的是，它的年度销量头一回被老对手比亚迪给超过了。电动车市场的竞争越来越“卷”，大家比的东西都差不多，而特斯拉以前的技术优势也在被追赶。这就搞得它有点两头难顾：一边要应付激烈的车市竞争，一边还得往机器人、AI这些前沿新领域砸大钱。这种竞争格局不符合马斯克的第一性原理，特斯拉的调整改变是必然的。03 高管纷纷调整特斯拉内部最近不太平，好些关键部门的高管都离开了。从2025年春天算起，超过13位掌握着核心业务——比如电池、软件、充电网络、车型开发——的高管先后离职。这些人里不少都是跟着公司成长了十年以上的元老，参与过建造超级工厂、研发自动驾驶系统这些奠定特斯拉今天地位的标志性项目。高端人才的纷纷离开一个原因是公司战略重心的“乾坤大挪移”，让一些员工和高管感到迷茫或边缘化。马斯克把大量的资源和注意力，投向了人工智能、人形机器人Optimus、完全自动驾驶的Robotaxi出租车这些更前沿、也更需要长期投入的领域。这样一来，传统的汽车制造和销售业务，在公司的地位自然有所变化。04 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