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Tigger虎虎虎

Tigger虎虎虎

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IP属地：浙江

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Tigger虎虎虎

2025-04-07

$三倍做空富时中国ETF-Direxion(YANG)$ 这钱赚的不踏实

Tigger虎虎虎

01-21

Who's buying? Who's selling? $小米集團-W(01810)$

Tigger虎虎虎

2025-12-12

$小米集团-W(01810)$

$小米集团ADR(XIACY)$ What Is The Main Business Of This Company? Is Your Company's Main Business Selling Millet？ Are You OK? @小米公司

Tigger虎虎虎

10-23

$特斯拉(TSLA)$ America is American. AI is not only artificial intelligence but also American intelligence. How many voters can Tesla provide for Wall Street to align with?

AI的饼越画越大，特斯拉为何仍难打动华尔街？

Tigger虎虎虎

10-18

为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。

Tigger虎虎虎

03-30

$小米集團-W(01810)$ [无语] [无语] [无语] South-to-North Water Diversion Project

Tigger虎虎虎

2025-12-14

$阿里巴巴-W(09988)$

$阿里巴巴(BABA)$

@阿里巴巴集团 Suggestions on Mandarin Advertising and Live Streaming Coverage Dear Alibaba Team, Greetings! My clients and I have always been strong supporters of your platform, and we highly appreciate Alibaba’s leading position in the Chinese market as well as its long-standing efforts in empowering farmers and driving the digital economy. We sincerely hope that the advertisements and products our clients place on your platform will generate real cash flow

Tigger虎虎虎

05-28

$小米集團-W(01810)$

$人民幣/港幣(CNYHKD.FOREX)$ The RMB's appreciation has added insult to injury.

Tigger虎虎虎

04-09

$小米集团-W(01810)$ 逻辑很简单：压单必跌～低买高卖向来如此～持续关注回购～关注买方～关注卖方～港股开卷考～

Tigger虎虎虎

2025-03-18

$百度(BIDU)$ 百度副总裁为女儿“开盒”道歉：深感愧疚近日，网传因为追星引发争吵，百度副总裁谢广军女儿陷入“开盒”与被“开盒”的质疑。 3月17日，针对网络传闻，百度副总裁谢广军发布微信朋友圈表示深感愧疚，并向所有受影响的朋友郑重道歉。 Baidu vice-president Xie Guangjun issued an apology on Monday on his WeChat Moments, expressing deep remorse over his daughter's disclosure of others' private information online and extending apologies to all affected individuals, according to domestic news outlet Yicai. 来源：中国新闻网环球时报中国青年网注意风控，小伙子们，起风了，浪来了[哟哟]

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left;\">特斯拉第三季度财报显示，公司自动驾驶、储能和机器人业务均取得阶段性进展，毛利率亦超出预期，但居高不下的运营支出、低于预期的盈利能力以及依然遥远的商业化兑现时间表，令华尔街主流投行维持观望立场。这家市值1.6万亿美元的公司，<strong>正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。</strong></p><p style=\"text-align: left;\">特斯拉第三季度营收280亿美元，EBIT仅7.18亿美元，远低于高盛和摩根士丹利的预期，运营支出超预期是主要拖累。尽管非GAAP每股摊薄收益0.48美元小幅超预期，但高盛已将2026至2027年EPS预测下调，理由正是持续攀升的运营成本。对于股价而言，高盛维持中性评级及360美元目标价，较当前股价隐含约7%的下行空间；摩根士丹利同样维持中性评级，目标价400美元；摩根大通对特斯拉股票标注中性评级。</p><p style=\"text-align: left;\">三大投行罕见地形成共识：<strong>进展真实存在，但估值已充分定价，甚至过于饱满。</strong></p><p style=\"text-align: left;\">尽管如此，财报中的亮点同样不容忽视。<strong>北美FSD新车搭载率从二季度的55%升至超75%，无人驾驶Robotaxi累计里程在短短数周内从100万英里增至310万英里；储能业务毛利率升至33.1%，Megapack积压订单创历史纪录。</strong>这些数据为特斯拉的长期叙事提供了真实支撑，也是多数分析师尚未彻底放弃这只股票的底层逻辑。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f1537bf4492ac3597ddb8b93f722bf0\" data-align=\"center\" tg-width=\"846\" tg-height=\"681\"/><span></span></p><h2 style=\"text-align: left;\">毛利率惊喜，利润叙事受阻</h2><p style=\"text-align: left;\">特斯拉三季度整体毛利率19.6%，全面超出各方预期——高盛预测18.5%，公司汇总市场一致预期17.9%，FactSet口径为17.5%。</p><p style=\"text-align: left;\">其中，汽车业务毛利率（含股权激励，剔除碳积分）达18.1%，超出高盛预测的16.3%；储能业务毛利率33.1%，亦大幅超出摩根士丹利预测的26.5%；服务业务毛利率15.9%，创历史新高。</p><p style=\"text-align: left;\">然而，<strong>毛利率层面的超预期被费用端的失控所抵消。</strong>三季度EBIT仅7.18亿美元，明显低于高盛预测的10.43亿美元和摩根士丹利预测的5.26亿美元；研发费用27.61亿美元，较摩根士丹利预测高出约11%。管理层明确表示，为支撑AI与能源业务扩张——包括Optimus、Robotaxi及Megapack——运营支出和资本开支将继续按季环比增长。</p><p style=\"text-align: left;\">高盛随即下调2026至2027年EPS预测，分别从0.82美元和1.75美元下修至0.67美元和1.60美元，同时略微上调2028年预测至2.50美元。</p><p style=\"text-align: left;\">摩根大通亦对此持审慎态度。按目前股价计算，2028年预期市盈率仍高达154倍，自由现金流收益率在2026至2027年均为负值，这意味着投资者需要为遥远的未来支付极高的溢价。</p><h2 style=\"text-align: left;\">Robotaxi与FSD：里程碑在加速，但商业化仍在早期</h2><p style=\"text-align: left;\"><strong>Robotaxi是本季度最受市场关注的业务进展。</strong>截至10月18日，特斯拉完全无人驾驶的Robotaxi累计行驶里程达310万英里，较9月3日的约100万英里增长超过两倍，周增速约20%，超出高盛此前预期的200至300万英里区间上限。</p><p style=\"text-align: left;\">据高盛研究报告，2026年1月22日特斯拉开始完全无监督运营至今，平均每约10万英里发生一次事故（无论责任归属或严重程度）；相比之下，Waymo在2025年7月至2026年8月间平均每18万英里发生一次，近期数据已达每36万英里一次。<strong>差距依然存在，但特斯拉改善速度不可忽视。</strong></p><p style=\"text-align: left;\">在地理扩张层面，管理层表示Cybercab已在奥斯汀展开运营，并预计下月在达拉斯启动；圣安东尼奥和杰克逊维尔被列入后续扩张城市名单，此前已公布的<a href=\"https://laohu8.com/S/600716\">凤凰</a>城和拉斯维加斯亦在推进中。</p><p style=\"text-align: left;\">FSD主动订阅用户数达174万，同比增长67%；欧盟范围内的全面审批最早预计在2026年12月，管理层目标是在2027年一季度前获得欧盟统一许可。尽管进展积极，但高盛认为来自Waymo等竞争对手的压力不容低估，并将自动驾驶领域的竞争列为主要下行风险之一。</p><h2 style=\"text-align: left;\">Optimus：节奏比市场预期保守</h2><p style=\"text-align: left;\">人形机器人Optimus是本季度另一个被高度审视的议题。</p><p style=\"text-align: left;\">马斯克在财报电话会上确认Optimus已在弗里蒙特工厂开始量产，但对产能爬坡的表述相当审慎——<strong>12个月内目标产量为1万至2万台，低于部分市场此前的乐观预期，</strong>这批机器人将首先用于特斯拉内部的Tesla Academy进行自我训练和数据生成。面向外部客户的商业销售目标被推至2027年底，消费者端应用则更为遥远。</p><p style=\"text-align: left;\">马斯克将Optimus的量产过程描述为&#34;S曲线&#34;，强调需要&#34;一万件事同时运转正确&#34;，速度最慢的零部件或工艺将决定整体爬坡节奏。<strong>他点名手部（灵巧手）是当前最大的硬件瓶颈，实现人类级别的灵活性和长时间可靠运作仍是挑战。</strong></p><p style=\"text-align: left;\">算力层面，特斯拉计划于2027年4月将新一代AI5芯片集成进Optimus，该芯片算力据管理层介绍约为现有AI4芯片的10倍，将大幅提升复杂行为能力。</p><p style=\"text-align: left;\">据摩根大通研究报告，其对整个人形机器人供应链的立场因此趋于谨慎，并对Unitree、Estun、UBTech在未来1至3个月内面临预期修正风险保持警惕，。</p><h2 style=\"text-align: left;\">储能与汽车需求：实质性亮点</h2><p style=\"text-align: left;\">在几项容易被AI叙事遮盖的核心业务中，储能和汽车需求实际上提供了令人信服的基本面支撑。</p><p style=\"text-align: left;\">储能业务毛利率33.1%，环比大幅提升；管理层称Megapack容量&#34;2027年几乎已售罄&#34;，能源业务积压订单创历史纪录。德克萨斯州Megafactory已开始生产。</p><p style=\"text-align: left;\">值得注意的是，三季度储能营收28.81亿美元低于高盛预测的37.49亿美元，管理层将部分差距归因于对能源客户的关税退款；高盛表示将继续跟踪ASP（平均售价）走势及定价环境。</p><p style=\"text-align: left;\">汽车需求方面，管理层称乘用车积压订单处于四年最高水平，已在加拿大、澳大利亚、日本和中国台湾实现创纪录交付，Tesla Semi也开始量产。高盛将2026至2028年交付量预测上调至184万/195万/203万辆。供应链层面，电池可用性仍是全球产能爬坡的限制因素之一，但公司正在柏林、德克萨斯和内华达多地推进相关产能建设。</p><h2 style=\"text-align: left;\">估值&#34;已充分定价&#34;</h2><p style=\"text-align: left;\">尽管业务进展不乏亮点，华尔街主流机构对特斯拉股票的态度依然高度一致。</p><p style=\"text-align: left;\">高盛维持中性评级，12个月目标价360美元，基于150倍市盈率乘以未来5至8个季度EPS预测（含股权激励），较当前股价约有7%的下行空间。摩根士丹利维持中性评级，目标价400美元，其估值模型包含44美元的核心汽车业务、145美元的网络服务、120美元的Tesla Mobility、35美元的储能，以及折扣后56美元的人形机器人价值分配，已相当充分地反映了长期期权价值。</p><p style=\"text-align: left;\">高盛明确指出，当前估值&#34;已充分定价&#34;（valuation is full），盈利能力和自由现金流在近至中期将持续承压，而EPS改善的幅度和节奏将受到多个领域竞争压力的约束。特斯拉的12个月股价与<a href=\"https://laohu8.com/S/161125\">标普500</a>指数相比，过去一年已跑输约24%，反映出市场在等待兑现的过程中持续消化溢价。</p><p style=\"text-align: left;\">此外，高盛表示，特斯拉CEO在财报电话会上提及，<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>于10月20日的财报电话会上披露，SpaceX与特斯拉已分别成立由独立董事组成的特别委员会，就潜在业务合并进行讨论。<strong>这一披露为特斯拉股票增添了新的变量，但当前信息有限，各大机构均表示将持续跟踪，尚未将其纳入估值框架。</strong></p></body></html>","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\" 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI的饼越画越大，特斯拉为何仍难打动华尔街？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-10-22 15:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">特斯拉第三季度财报显示，公司自动驾驶、储能和机器人业务均取得阶段性进展，毛利率亦超出预期，但居高不下的运营支出、低于预期的盈利能力以及依然遥远的商业化兑现时间表，令华尔街主流投行维持观望立场。这家市值1.6万亿美元的公司，<strong>正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。</strong></p><p style=\"text-align: left;\">特斯拉第三季度营收280亿美元，EBIT仅7.18亿美元，远低于高盛和摩根士丹利的预期，运营支出超预期是主要拖累。尽管非GAAP每股摊薄收益0.48美元小幅超预期，但高盛已将2026至2027年EPS预测下调，理由正是持续攀升的运营成本。对于股价而言，高盛维持中性评级及360美元目标价，较当前股价隐含约7%的下行空间；摩根士丹利同样维持中性评级，目标价400美元；摩根大通对特斯拉股票标注中性评级。</p><p style=\"text-align: left;\">三大投行罕见地形成共识：<strong>进展真实存在，但估值已充分定价，甚至过于饱满。</strong></p><p style=\"text-align: left;\">尽管如此，财报中的亮点同样不容忽视。<strong>北美FSD新车搭载率从二季度的55%升至超75%，无人驾驶Robotaxi累计里程在短短数周内从100万英里增至310万英里；储能业务毛利率升至33.1%，Megapack积压订单创历史纪录。</strong>这些数据为特斯拉的长期叙事提供了真实支撑，也是多数分析师尚未彻底放弃这只股票的底层逻辑。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f1537bf4492ac3597ddb8b93f722bf0\" data-align=\"center\" tg-width=\"846\" tg-height=\"681\"/><span></span></p><h2 style=\"text-align: left;\">毛利率惊喜，利润叙事受阻</h2><p style=\"text-align: left;\">特斯拉三季度整体毛利率19.6%，全面超出各方预期——高盛预测18.5%，公司汇总市场一致预期17.9%，FactSet口径为17.5%。</p><p style=\"text-align: left;\">其中，汽车业务毛利率（含股权激励，剔除碳积分）达18.1%，超出高盛预测的16.3%；储能业务毛利率33.1%，亦大幅超出摩根士丹利预测的26.5%；服务业务毛利率15.9%，创历史新高。</p><p style=\"text-align: left;\">然而，<strong>毛利率层面的超预期被费用端的失控所抵消。</strong>三季度EBIT仅7.18亿美元，明显低于高盛预测的10.43亿美元和摩根士丹利预测的5.26亿美元；研发费用27.61亿美元，较摩根士丹利预测高出约11%。管理层明确表示，为支撑AI与能源业务扩张——包括Optimus、Robotaxi及Megapack——运营支出和资本开支将继续按季环比增长。</p><p style=\"text-align: left;\">高盛随即下调2026至2027年EPS预测，分别从0.82美元和1.75美元下修至0.67美元和1.60美元，同时略微上调2028年预测至2.50美元。</p><p style=\"text-align: left;\">摩根大通亦对此持审慎态度。按目前股价计算，2028年预期市盈率仍高达154倍，自由现金流收益率在2026至2027年均为负值，这意味着投资者需要为遥远的未来支付极高的溢价。</p><h2 style=\"text-align: left;\">Robotaxi与FSD：里程碑在加速，但商业化仍在早期</h2><p style=\"text-align: left;\"><strong>Robotaxi是本季度最受市场关注的业务进展。</strong>截至10月18日，特斯拉完全无人驾驶的Robotaxi累计行驶里程达310万英里，较9月3日的约100万英里增长超过两倍，周增速约20%，超出高盛此前预期的200至300万英里区间上限。</p><p style=\"text-align: left;\">据高盛研究报告，2026年1月22日特斯拉开始完全无监督运营至今，平均每约10万英里发生一次事故（无论责任归属或严重程度）；相比之下，Waymo在2025年7月至2026年8月间平均每18万英里发生一次，近期数据已达每36万英里一次。<strong>差距依然存在，但特斯拉改善速度不可忽视。</strong></p><p style=\"text-align: left;\">在地理扩张层面，管理层表示Cybercab已在奥斯汀展开运营，并预计下月在达拉斯启动；圣安东尼奥和杰克逊维尔被列入后续扩张城市名单，此前已公布的<a href=\"https://laohu8.com/S/600716\">凤凰</a>城和拉斯维加斯亦在推进中。</p><p style=\"text-align: left;\">FSD主动订阅用户数达174万，同比增长67%；欧盟范围内的全面审批最早预计在2026年12月，管理层目标是在2027年一季度前获得欧盟统一许可。尽管进展积极，但高盛认为来自Waymo等竞争对手的压力不容低估，并将自动驾驶领域的竞争列为主要下行风险之一。</p><h2 style=\"text-align: left;\">Optimus：节奏比市场预期保守</h2><p style=\"text-align: left;\">人形机器人Optimus是本季度另一个被高度审视的议题。</p><p style=\"text-align: left;\">马斯克在财报电话会上确认Optimus已在弗里蒙特工厂开始量产，但对产能爬坡的表述相当审慎——<strong>12个月内目标产量为1万至2万台，低于部分市场此前的乐观预期，</strong>这批机器人将首先用于特斯拉内部的Tesla Academy进行自我训练和数据生成。面向外部客户的商业销售目标被推至2027年底，消费者端应用则更为遥远。</p><p style=\"text-align: left;\">马斯克将Optimus的量产过程描述为&#34;S曲线&#34;，强调需要&#34;一万件事同时运转正确&#34;，速度最慢的零部件或工艺将决定整体爬坡节奏。<strong>他点名手部（灵巧手）是当前最大的硬件瓶颈，实现人类级别的灵活性和长时间可靠运作仍是挑战。</strong></p><p style=\"text-align: left;\">算力层面，特斯拉计划于2027年4月将新一代AI5芯片集成进Optimus，该芯片算力据管理层介绍约为现有AI4芯片的10倍，将大幅提升复杂行为能力。</p><p style=\"text-align: left;\">据摩根大通研究报告，其对整个人形机器人供应链的立场因此趋于谨慎，并对Unitree、Estun、UBTech在未来1至3个月内面临预期修正风险保持警惕，。</p><h2 style=\"text-align: left;\">储能与汽车需求：实质性亮点</h2><p style=\"text-align: left;\">在几项容易被AI叙事遮盖的核心业务中，储能和汽车需求实际上提供了令人信服的基本面支撑。</p><p style=\"text-align: left;\">储能业务毛利率33.1%，环比大幅提升；管理层称Megapack容量&#34;2027年几乎已售罄&#34;，能源业务积压订单创历史纪录。德克萨斯州Megafactory已开始生产。</p><p style=\"text-align: left;\">值得注意的是，三季度储能营收28.81亿美元低于高盛预测的37.49亿美元，管理层将部分差距归因于对能源客户的关税退款；高盛表示将继续跟踪ASP（平均售价）走势及定价环境。</p><p style=\"text-align: left;\">汽车需求方面，管理层称乘用车积压订单处于四年最高水平，已在加拿大、澳大利亚、日本和中国台湾实现创纪录交付，Tesla Semi也开始量产。高盛将2026至2028年交付量预测上调至184万/195万/203万辆。供应链层面，电池可用性仍是全球产能爬坡的限制因素之一，但公司正在柏林、德克萨斯和内华达多地推进相关产能建设。</p><h2 style=\"text-align: left;\">估值&#34;已充分定价&#34;</h2><p style=\"text-align: left;\">尽管业务进展不乏亮点，华尔街主流机构对特斯拉股票的态度依然高度一致。</p><p style=\"text-align: left;\">高盛维持中性评级，12个月目标价360美元，基于150倍市盈率乘以未来5至8个季度EPS预测（含股权激励），较当前股价约有7%的下行空间。摩根士丹利维持中性评级，目标价400美元，其估值模型包含44美元的核心汽车业务、145美元的网络服务、120美元的Tesla Mobility、35美元的储能，以及折扣后56美元的人形机器人价值分配，已相当充分地反映了长期期权价值。</p><p style=\"text-align: left;\">高盛明确指出，当前估值&#34;已充分定价&#34;（valuation is full），盈利能力和自由现金流在近至中期将持续承压，而EPS改善的幅度和节奏将受到多个领域竞争压力的约束。特斯拉的12个月股价与<a href=\"https://laohu8.com/S/161125\">标普500</a>指数相比，过去一年已跑输约24%，反映出市场在等待兑现的过程中持续消化溢价。</p><p style=\"text-align: left;\">此外，高盛表示，特斯拉CEO在财报电话会上提及，<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>于10月20日的财报电话会上披露，SpaceX与特斯拉已分别成立由独立董事组成的特别委员会，就潜在业务合并进行讨论。<strong>这一披露为特斯拉股票增添了新的变量，但当前信息有限，各大机构均表示将持续跟踪，尚未将其纳入估值框架。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8350896f4f33c86bc28f200b67ab82b4","relate_stocks":{"TSL":"1.25倍做多TSLA ETF-GraniteShares","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","TLA":"GraniteShares Autocallable TSLA ETF","LU2471134796.USD":"INVESCO GLOBAL 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ACC"},"source_url":"https://wallstreetcn.com/articles/3784204","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2677930696","content_text":"特斯拉第三季度财报显示，公司自动驾驶、储能和机器人业务均取得阶段性进展，毛利率亦超出预期，但居高不下的运营支出、低于预期的盈利能力以及依然遥远的商业化兑现时间表，令华尔街主流投行维持观望立场。这家市值1.6万亿美元的公司，正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。特斯拉第三季度营收280亿美元，EBIT仅7.18亿美元，远低于高盛和摩根士丹利的预期，运营支出超预期是主要拖累。尽管非GAAP每股摊薄收益0.48美元小幅超预期，但高盛已将2026至2027年EPS预测下调，理由正是持续攀升的运营成本。对于股价而言，高盛维持中性评级及360美元目标价，较当前股价隐含约7%的下行空间；摩根士丹利同样维持中性评级，目标价400美元；摩根大通对特斯拉股票标注中性评级。三大投行罕见地形成共识：进展真实存在，但估值已充分定价，甚至过于饱满。尽管如此，财报中的亮点同样不容忽视。北美FSD新车搭载率从二季度的55%升至超75%，无人驾驶Robotaxi累计里程在短短数周内从100万英里增至310万英里；储能业务毛利率升至33.1%，Megapack积压订单创历史纪录。这些数据为特斯拉的长期叙事提供了真实支撑，也是多数分析师尚未彻底放弃这只股票的底层逻辑。毛利率惊喜，利润叙事受阻特斯拉三季度整体毛利率19.6%，全面超出各方预期——高盛预测18.5%，公司汇总市场一致预期17.9%，FactSet口径为17.5%。其中，汽车业务毛利率（含股权激励，剔除碳积分）达18.1%，超出高盛预测的16.3%；储能业务毛利率33.1%，亦大幅超出摩根士丹利预测的26.5%；服务业务毛利率15.9%，创历史新高。然而，毛利率层面的超预期被费用端的失控所抵消。三季度EBIT仅7.18亿美元，明显低于高盛预测的10.43亿美元和摩根士丹利预测的5.26亿美元；研发费用27.61亿美元，较摩根士丹利预测高出约11%。管理层明确表示，为支撑AI与能源业务扩张——包括Optimus、Robotaxi及Megapack——运营支出和资本开支将继续按季环比增长。高盛随即下调2026至2027年EPS预测，分别从0.82美元和1.75美元下修至0.67美元和1.60美元，同时略微上调2028年预测至2.50美元。摩根大通亦对此持审慎态度。按目前股价计算，2028年预期市盈率仍高达154倍，自由现金流收益率在2026至2027年均为负值，这意味着投资者需要为遥远的未来支付极高的溢价。Robotaxi与FSD：里程碑在加速，但商业化仍在早期Robotaxi是本季度最受市场关注的业务进展。截至10月18日，特斯拉完全无人驾驶的Robotaxi累计行驶里程达310万英里，较9月3日的约100万英里增长超过两倍，周增速约20%，超出高盛此前预期的200至300万英里区间上限。据高盛研究报告，2026年1月22日特斯拉开始完全无监督运营至今，平均每约10万英里发生一次事故（无论责任归属或严重程度）；相比之下，Waymo在2025年7月至2026年8月间平均每18万英里发生一次，近期数据已达每36万英里一次。差距依然存在，但特斯拉改善速度不可忽视。在地理扩张层面，管理层表示Cybercab已在奥斯汀展开运营，并预计下月在达拉斯启动；圣安东尼奥和杰克逊维尔被列入后续扩张城市名单，此前已公布的凤凰城和拉斯维加斯亦在推进中。FSD主动订阅用户数达174万，同比增长67%；欧盟范围内的全面审批最早预计在2026年12月，管理层目标是在2027年一季度前获得欧盟统一许可。尽管进展积极，但高盛认为来自Waymo等竞争对手的压力不容低估，并将自动驾驶领域的竞争列为主要下行风险之一。Optimus：节奏比市场预期保守人形机器人Optimus是本季度另一个被高度审视的议题。马斯克在财报电话会上确认Optimus已在弗里蒙特工厂开始量产，但对产能爬坡的表述相当审慎——12个月内目标产量为1万至2万台，低于部分市场此前的乐观预期，这批机器人将首先用于特斯拉内部的Tesla Academy进行自我训练和数据生成。面向外部客户的商业销售目标被推至2027年底，消费者端应用则更为遥远。马斯克将Optimus的量产过程描述为\"S曲线\"，强调需要\"一万件事同时运转正确\"，速度最慢的零部件或工艺将决定整体爬坡节奏。他点名手部（灵巧手）是当前最大的硬件瓶颈，实现人类级别的灵活性和长时间可靠运作仍是挑战。算力层面，特斯拉计划于2027年4月将新一代AI5芯片集成进Optimus，该芯片算力据管理层介绍约为现有AI4芯片的10倍，将大幅提升复杂行为能力。据摩根大通研究报告，其对整个人形机器人供应链的立场因此趋于谨慎，并对Unitree、Estun、UBTech在未来1至3个月内面临预期修正风险保持警惕，。储能与汽车需求：实质性亮点在几项容易被AI叙事遮盖的核心业务中，储能和汽车需求实际上提供了令人信服的基本面支撑。储能业务毛利率33.1%，环比大幅提升；管理层称Megapack容量\"2027年几乎已售罄\"，能源业务积压订单创历史纪录。德克萨斯州Megafactory已开始生产。值得注意的是，三季度储能营收28.81亿美元低于高盛预测的37.49亿美元，管理层将部分差距归因于对能源客户的关税退款；高盛表示将继续跟踪ASP（平均售价）走势及定价环境。汽车需求方面，管理层称乘用车积压订单处于四年最高水平，已在加拿大、澳大利亚、日本和中国台湾实现创纪录交付，Tesla Semi也开始量产。高盛将2026至2028年交付量预测上调至184万/195万/203万辆。供应链层面，电池可用性仍是全球产能爬坡的限制因素之一，但公司正在柏林、德克萨斯和内华达多地推进相关产能建设。估值\"已充分定价\"尽管业务进展不乏亮点，华尔街主流机构对特斯拉股票的态度依然高度一致。高盛维持中性评级，12个月目标价360美元，基于150倍市盈率乘以未来5至8个季度EPS预测（含股权激励），较当前股价约有7%的下行空间。摩根士丹利维持中性评级，目标价400美元，其估值模型包含44美元的核心汽车业务、145美元的网络服务、120美元的Tesla Mobility、35美元的储能，以及折扣后56美元的人形机器人价值分配，已相当充分地反映了长期期权价值。高盛明确指出，当前估值\"已充分定价\"（valuation is full），盈利能力和自由现金流在近至中期将持续承压，而EPS改善的幅度和节奏将受到多个领域竞争压力的约束。特斯拉的12个月股价与标普500指数相比，过去一年已跑输约24%，反映出市场在等待兑现的过程中持续消化溢价。此外，高盛表示，特斯拉CEO在财报电话会上提及，SpaceX于10月20日的财报电话会上披露，SpaceX与特斯拉已分别成立由独立董事组成的特别委员会，就潜在业务合并进行讨论。这一披露为特斯拉股票增添了新的变量，但当前信息有限，各大机构均表示将持续跟踪，尚未将其纳入估值框架。","news_type":1,"symbols_score_info":{"TSDD":0.6,"TEST":0.6,"WATS":0.6,"07366":0.6,"FDRV":0.6,"TSLZ":0.6,"ELOL":0.6,"TSLG":0.6,"TSII":0.6,"CRSH":0.6,"TLA":0.6,"TSLI":0.6,"TSLP":0.6,"TSLY":0.6,"09366":0.6,"TSLA":1.97,"SMOG":0.6,"TSLS":0.6,"TSL":0.6,"07766":0.6,"TSLT":0.6,"TSYY":0.6,"IDRV":0.6,"TSLO":0.6,"TSLR":0.6,"TESC":0.6,"LIT":0.6,"09766":0.6,"STSLAmain":0.6,"TSLW":0.6,"TSLQ":0.6,"TESL":0.6,"TSLL":0.6,"WANT":0.6}},"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"content":"The America include Latin America! $特斯拉(TSLA)$ America is the America of the Americans.","text":"The America include Latin America! $特斯拉(TSLA)$ America is the America of the Americans.","html":"The America include Latin America! $特斯拉(TSLA)$ America is the America of the Americans."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":621266027602144,"gmtCreate":1792701951635,"gmtModify":1792701954172,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a> 为美国国防承包商， <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> 如果发生合并的话。","listText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a> 为美国国防承包商， <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> 如果发生合并的话。","text":"$SpaceX(SPCX)$ 为美国国防承包商， $特斯拉(TSLA)$ 如果发生合并的话。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/621266027602144","repostId":"2677930776","repostType":2,"repost":{"id":"2677930776","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1792657551,"share":"https://www.laohunote.com/m/news/2677930776?lang=zh_CN&edition=full","pubTime":"2026-10-22 16:25","market":"us","language":"zh","title":"报道：特斯拉和SpaceX的合并，马斯克要赶在特朗普任期内完成","url":"https://stock-news.laohu8.com/highlight/detail?id=2677930776","media":"华尔街见闻","summary":"这笔3.7万亿美元的史上最大并购拟于2027年上半年宣布。核心逻辑是“特斯拉现金流输血SpaceX高增长”，双方已在AI端深度绑定。急于推进意在规避中期选举风险及抢占高估值窗口：中期选举若民主党翻盘，国会调查风险骤升；AI板块估值一旦回落，将削弱投资者热情。","content":"<html><head></head><body><p style=\"text-align: left;\">马斯克正全力推动旗下两大最具价值公司——<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>与特斯拉——完成史上规模最大的企业合并交易，而他为这笔交易设定的时间窗口，正在快速收窄。</p><p style=\"text-align: left;\">据彭博10月22日报道，知情人士透露，<strong>马斯克及其顾问团队正力争在2027年上半年宣布交易，以确保合并在特朗普本届任期内完成交割</strong>。两家公司合并后市值将达约3.7万亿美元，超越历史上任何一笔企业并购。马斯克本人在连续两场财报电话会议的第一场中，首次公开明确表态支持合并，称此举“是个好主意”，但同时表示将回避具体谈判，由特别委员会负责推进细节。</p><p style=\"text-align: left;\">时间窗口的紧迫性来自多重压力。<strong>距离美国中期选举不足两周，若民主党夺回国会任一院，马斯克的商业<a href=\"https://laohu8.com/S/00776\">帝国</a>将面临国会调查风险，特朗普也将加速进入跛脚鸭状态</strong>。与此同时，芯片与人工智能板块的市场情绪趋于动荡，一旦估值回落，将直接削弱支撑这笔巨型交易的投资者热情。REX Financial研究主管Bill Birmingham表示：</p><blockquote><p style=\"text-align: left;\">“马斯克和他的顾问们显然希望抓住这个窗口，时机既有利，也至关重要。”</p></blockquote><h2 style=\"text-align: left;\">马斯克公开背书，交易框架初现</h2><p style=\"text-align: left;\">马斯克此次表态是迄今最明确的公开背书，但风格依然随性。他在财报电话会议上称合并“是个好主意”，并表示将让特别委员会处理细节，自己选择回避。他同时警告，说服特斯拉股东可能存在难度，两个委员会目前尚未就条款达成一致。</p><p style=\"text-align: left;\">据报道，知情人士表示，<strong>交易推进的节奏取决于特斯拉董事会何时对方案细节感到满意</strong>。在SpaceX一侧，股东批准的障碍相对较小——马斯克掌握逾80%的投票权。特斯拉的情况则更为复杂，马斯克仅持有约20%的股份，但该公司董事会和股东群体在不到一年前刚刚批准了向这位首席执行官授予价值逾万亿美元薪酬方案，这一先例或为此次合并提供一定的股东基础。</p><p style=\"text-align: left;\">在正式表态之前，马斯克已通过一系列不那么直白但颇具暗示性的动作为合并铺路。10月15日，特斯拉发布了一款与SpaceX联合设计的Roadster原型车，搭载气体推进器，可驾驶上倒置坡道并完成翻转动作，象征意味浓厚。</p><h2 style=\"text-align: left;\">两家公司已深度交织，AI是核心纽带</h2><p style=\"text-align: left;\">SpaceX与特斯拉之间的业务协同早已超出外界认知。<strong>两家公司最具代表性的合作项目是在德克萨斯州联合建设的半导体工厂Terafab</strong>，而在幕后，双方围绕人工智能的整合正在加速推进。</p><p style=\"text-align: left;\">报道称，知情人士透露，SpaceX在完成对AI初创公司Cursor的收购过程中，部分Cursor员工曾与特斯拉员工会面，讨论使用Grok 4.5模型的可能性。</p><p style=\"text-align: left;\">此后，特斯拉内部推动工程师从Anthropic的Claude切换至Grok 4.5、Grok Bot及其他马斯克旗下产品用于编程工作。</p><p style=\"text-align: left;\">在产品测试层面，马斯克也在打通两家公司的边界。<strong>今年6月前后，他向特斯拉员工提前开放了X Money数字支付应用的使用权限，并提供100美元激励鼓励试用</strong>。此外，SpaceX与特斯拉还在机器人AI能力开发方面展开合作。</p><p style=\"text-align: left;\">从基本面角度看，两家公司的合并具有内在互补逻辑。Zacks Investment Research股票策略师Andrew Rocco表示：</p><blockquote><p style=\"text-align: left;\"><strong>“特斯拉已成长为一家增速放缓但现金充裕、资产负债表强健的公司；而SpaceX则是一家超高速增长的企业，在扩展Starlink和星舰的过程中面临巨大的资本支出压力。两者合并，将形成完美的互补组合。”</strong></p></blockquote><p style=\"text-align: left;\">据彭博亿万富翁指数测算，若马斯克能够克服上述挑战，成功完成合并，这笔交易将为其个人财富新增逾1100亿美元。</p><h2 style=\"text-align: left;\">股价与政治窗口，双重时间压力</h2><p style=\"text-align: left;\"><strong>马斯克推动合并的紧迫感，部分源于SpaceX股价的阶段性强势</strong>。SpaceX今年6月上市，令马斯克成为全球首位万亿美元富翁，此后股价虽经历波动，但自8月5日以来已累计反弹47%。晨星分析师Nicolas Owens指出：</p><blockquote><p style=\"text-align: left;\">“现在是用这只股票作为并购货币的好时机。如果SpaceX股价下跌，将使收购协议的达成复杂化。”</p></blockquote><p style=\"text-align: left;\">与此同时，市场对AI热潮持续性的担忧正在升温——外界担心巨额前期资本支出难以在预期时间内转化为利润和生产率提升。</p><p style=\"text-align: left;\">SpaceX与特斯拉本身也面临这一挑战，两家公司预计在可预见的未来每季度将消耗数十亿美元现金，这对近年来持续产生稳定现金流的特斯拉电动车业务而言，将是一次显著的财务模式转变。</p><p style=\"text-align: left;\">在政治层面，马斯克正斥巨资维护有利的政治生态。<strong>本轮中期选举周期，他已累计投入约3.69亿美元</strong>，仅夏季以来就向共和党控制国会的努力捐出逾2.5亿美元，其中大量资金流向德克萨斯州——SpaceX在当地拥有重要设施，且该州参议院席位面临竞争。</p><p style=\"text-align: left;\">合并交易面临的挑战不仅来自市场，还涉及<strong>复杂的监管与地缘政治因素。</strong>摩根大通分析师Rajat Gupta在研究报告中指出，<strong>SpaceX涉及美国政府和国防合同的国家安全敏感性等</strong>，将在争取监管和股东批准时构成重大障碍。</p><p style=\"text-align: left;\">报道称，SpaceX在美国国防体系中的嵌入程度已达到现代企业史上罕见的高度。其火箭发射能力、轨道硬件及与政府官员的紧密关系，帮助其获得了专门为其量身定制的五角大楼合同。仅今年，SpaceX就赢得了一份价值20亿美元的合同，为“黄金穹顶”导弹防御计划提供军事通信网络卫星，而该计划的最终总投入可能超过1万亿美元。</p></body></html>","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\" 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16:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">马斯克正全力推动旗下两大最具价值公司——<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>与特斯拉——完成史上规模最大的企业合并交易，而他为这笔交易设定的时间窗口，正在快速收窄。</p><p style=\"text-align: left;\">据彭博10月22日报道，知情人士透露，<strong>马斯克及其顾问团队正力争在2027年上半年宣布交易，以确保合并在特朗普本届任期内完成交割</strong>。两家公司合并后市值将达约3.7万亿美元，超越历史上任何一笔企业并购。马斯克本人在连续两场财报电话会议的第一场中，首次公开明确表态支持合并，称此举“是个好主意”，但同时表示将回避具体谈判，由特别委员会负责推进细节。</p><p style=\"text-align: left;\">时间窗口的紧迫性来自多重压力。<strong>距离美国中期选举不足两周，若民主党夺回国会任一院，马斯克的商业<a href=\"https://laohu8.com/S/00776\">帝国</a>将面临国会调查风险，特朗普也将加速进入跛脚鸭状态</strong>。与此同时，芯片与人工智能板块的市场情绪趋于动荡，一旦估值回落，将直接削弱支撑这笔巨型交易的投资者热情。REX Financial研究主管Bill Birmingham表示：</p><blockquote><p style=\"text-align: left;\">“马斯克和他的顾问们显然希望抓住这个窗口，时机既有利，也至关重要。”</p></blockquote><h2 style=\"text-align: left;\">马斯克公开背书，交易框架初现</h2><p style=\"text-align: left;\">马斯克此次表态是迄今最明确的公开背书，但风格依然随性。他在财报电话会议上称合并“是个好主意”，并表示将让特别委员会处理细节，自己选择回避。他同时警告，说服特斯拉股东可能存在难度，两个委员会目前尚未就条款达成一致。</p><p style=\"text-align: left;\">据报道，知情人士表示，<strong>交易推进的节奏取决于特斯拉董事会何时对方案细节感到满意</strong>。在SpaceX一侧，股东批准的障碍相对较小——马斯克掌握逾80%的投票权。特斯拉的情况则更为复杂，马斯克仅持有约20%的股份，但该公司董事会和股东群体在不到一年前刚刚批准了向这位首席执行官授予价值逾万亿美元薪酬方案，这一先例或为此次合并提供一定的股东基础。</p><p style=\"text-align: left;\">在正式表态之前，马斯克已通过一系列不那么直白但颇具暗示性的动作为合并铺路。10月15日，特斯拉发布了一款与SpaceX联合设计的Roadster原型车，搭载气体推进器，可驾驶上倒置坡道并完成翻转动作，象征意味浓厚。</p><h2 style=\"text-align: left;\">两家公司已深度交织，AI是核心纽带</h2><p style=\"text-align: left;\">SpaceX与特斯拉之间的业务协同早已超出外界认知。<strong>两家公司最具代表性的合作项目是在德克萨斯州联合建设的半导体工厂Terafab</strong>，而在幕后，双方围绕人工智能的整合正在加速推进。</p><p style=\"text-align: left;\">报道称，知情人士透露，SpaceX在完成对AI初创公司Cursor的收购过程中，部分Cursor员工曾与特斯拉员工会面，讨论使用Grok 4.5模型的可能性。</p><p style=\"text-align: left;\">此后，特斯拉内部推动工程师从Anthropic的Claude切换至Grok 4.5、Grok Bot及其他马斯克旗下产品用于编程工作。</p><p style=\"text-align: left;\">在产品测试层面，马斯克也在打通两家公司的边界。<strong>今年6月前后，他向特斯拉员工提前开放了X Money数字支付应用的使用权限，并提供100美元激励鼓励试用</strong>。此外，SpaceX与特斯拉还在机器人AI能力开发方面展开合作。</p><p style=\"text-align: left;\">从基本面角度看，两家公司的合并具有内在互补逻辑。Zacks Investment Research股票策略师Andrew Rocco表示：</p><blockquote><p style=\"text-align: left;\"><strong>“特斯拉已成长为一家增速放缓但现金充裕、资产负债表强健的公司；而SpaceX则是一家超高速增长的企业，在扩展Starlink和星舰的过程中面临巨大的资本支出压力。两者合并，将形成完美的互补组合。”</strong></p></blockquote><p style=\"text-align: left;\">据彭博亿万富翁指数测算，若马斯克能够克服上述挑战，成功完成合并，这笔交易将为其个人财富新增逾1100亿美元。</p><h2 style=\"text-align: left;\">股价与政治窗口，双重时间压力</h2><p style=\"text-align: left;\"><strong>马斯克推动合并的紧迫感，部分源于SpaceX股价的阶段性强势</strong>。SpaceX今年6月上市，令马斯克成为全球首位万亿美元富翁，此后股价虽经历波动，但自8月5日以来已累计反弹47%。晨星分析师Nicolas Owens指出：</p><blockquote><p style=\"text-align: left;\">“现在是用这只股票作为并购货币的好时机。如果SpaceX股价下跌，将使收购协议的达成复杂化。”</p></blockquote><p style=\"text-align: left;\">与此同时，市场对AI热潮持续性的担忧正在升温——外界担心巨额前期资本支出难以在预期时间内转化为利润和生产率提升。</p><p style=\"text-align: left;\">SpaceX与特斯拉本身也面临这一挑战，两家公司预计在可预见的未来每季度将消耗数十亿美元现金，这对近年来持续产生稳定现金流的特斯拉电动车业务而言，将是一次显著的财务模式转变。</p><p style=\"text-align: left;\">在政治层面，马斯克正斥巨资维护有利的政治生态。<strong>本轮中期选举周期，他已累计投入约3.69亿美元</strong>，仅夏季以来就向共和党控制国会的努力捐出逾2.5亿美元，其中大量资金流向德克萨斯州——SpaceX在当地拥有重要设施，且该州参议院席位面临竞争。</p><p style=\"text-align: left;\">合并交易面临的挑战不仅来自市场，还涉及<strong>复杂的监管与地缘政治因素。</strong>摩根大通分析师Rajat Gupta在研究报告中指出，<strong>SpaceX涉及美国政府和国防合同的国家安全敏感性等</strong>，将在争取监管和股东批准时构成重大障碍。</p><p style=\"text-align: left;\">报道称，SpaceX在美国国防体系中的嵌入程度已达到现代企业史上罕见的高度。其火箭发射能力、轨道硬件及与政府官员的紧密关系，帮助其获得了专门为其量身定制的五角大楼合同。仅今年，SpaceX就赢得了一份价值20亿美元的合同，为“黄金穹顶”导弹防御计划提供军事通信网络卫星，而该计划的最终总投入可能超过1万亿美元。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3968da9ecf151b96aa926b49a585f1e9","relate_stocks":{"TSLY":"TSLA期权收益策略ETF-YieldMax","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","TSLZ":"2倍做空TSLA ETF-T-Rex","BK4612":"AI芯片","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","YSPC":"YieldMax SPCX Option Income Strategy 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ACC"},"source_url":"https://wallstreetcn.com/articles/3784186","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2677930776","content_text":"马斯克正全力推动旗下两大最具价值公司——SpaceX与特斯拉——完成史上规模最大的企业合并交易，而他为这笔交易设定的时间窗口，正在快速收窄。据彭博10月22日报道，知情人士透露，马斯克及其顾问团队正力争在2027年上半年宣布交易，以确保合并在特朗普本届任期内完成交割。两家公司合并后市值将达约3.7万亿美元，超越历史上任何一笔企业并购。马斯克本人在连续两场财报电话会议的第一场中，首次公开明确表态支持合并，称此举“是个好主意”，但同时表示将回避具体谈判，由特别委员会负责推进细节。时间窗口的紧迫性来自多重压力。距离美国中期选举不足两周，若民主党夺回国会任一院，马斯克的商业帝国将面临国会调查风险，特朗普也将加速进入跛脚鸭状态。与此同时，芯片与人工智能板块的市场情绪趋于动荡，一旦估值回落，将直接削弱支撑这笔巨型交易的投资者热情。REX Financial研究主管Bill Birmingham表示：“马斯克和他的顾问们显然希望抓住这个窗口，时机既有利，也至关重要。”马斯克公开背书，交易框架初现马斯克此次表态是迄今最明确的公开背书，但风格依然随性。他在财报电话会议上称合并“是个好主意”，并表示将让特别委员会处理细节，自己选择回避。他同时警告，说服特斯拉股东可能存在难度，两个委员会目前尚未就条款达成一致。据报道，知情人士表示，交易推进的节奏取决于特斯拉董事会何时对方案细节感到满意。在SpaceX一侧，股东批准的障碍相对较小——马斯克掌握逾80%的投票权。特斯拉的情况则更为复杂，马斯克仅持有约20%的股份，但该公司董事会和股东群体在不到一年前刚刚批准了向这位首席执行官授予价值逾万亿美元薪酬方案，这一先例或为此次合并提供一定的股东基础。在正式表态之前，马斯克已通过一系列不那么直白但颇具暗示性的动作为合并铺路。10月15日，特斯拉发布了一款与SpaceX联合设计的Roadster原型车，搭载气体推进器，可驾驶上倒置坡道并完成翻转动作，象征意味浓厚。两家公司已深度交织，AI是核心纽带SpaceX与特斯拉之间的业务协同早已超出外界认知。两家公司最具代表性的合作项目是在德克萨斯州联合建设的半导体工厂Terafab，而在幕后，双方围绕人工智能的整合正在加速推进。报道称，知情人士透露，SpaceX在完成对AI初创公司Cursor的收购过程中，部分Cursor员工曾与特斯拉员工会面，讨论使用Grok 4.5模型的可能性。此后，特斯拉内部推动工程师从Anthropic的Claude切换至Grok 4.5、Grok Bot及其他马斯克旗下产品用于编程工作。在产品测试层面，马斯克也在打通两家公司的边界。今年6月前后，他向特斯拉员工提前开放了X Money数字支付应用的使用权限，并提供100美元激励鼓励试用。此外，SpaceX与特斯拉还在机器人AI能力开发方面展开合作。从基本面角度看，两家公司的合并具有内在互补逻辑。Zacks Investment Research股票策略师Andrew Rocco表示：“特斯拉已成长为一家增速放缓但现金充裕、资产负债表强健的公司；而SpaceX则是一家超高速增长的企业，在扩展Starlink和星舰的过程中面临巨大的资本支出压力。两者合并，将形成完美的互补组合。”据彭博亿万富翁指数测算，若马斯克能够克服上述挑战，成功完成合并，这笔交易将为其个人财富新增逾1100亿美元。股价与政治窗口，双重时间压力马斯克推动合并的紧迫感，部分源于SpaceX股价的阶段性强势。SpaceX今年6月上市，令马斯克成为全球首位万亿美元富翁，此后股价虽经历波动，但自8月5日以来已累计反弹47%。晨星分析师Nicolas Owens指出：“现在是用这只股票作为并购货币的好时机。如果SpaceX股价下跌，将使收购协议的达成复杂化。”与此同时，市场对AI热潮持续性的担忧正在升温——外界担心巨额前期资本支出难以在预期时间内转化为利润和生产率提升。SpaceX与特斯拉本身也面临这一挑战，两家公司预计在可预见的未来每季度将消耗数十亿美元现金，这对近年来持续产生稳定现金流的特斯拉电动车业务而言，将是一次显著的财务模式转变。在政治层面，马斯克正斥巨资维护有利的政治生态。本轮中期选举周期，他已累计投入约3.69亿美元，仅夏季以来就向共和党控制国会的努力捐出逾2.5亿美元，其中大量资金流向德克萨斯州——SpaceX在当地拥有重要设施，且该州参议院席位面临竞争。合并交易面临的挑战不仅来自市场，还涉及复杂的监管与地缘政治因素。摩根大通分析师Rajat Gupta在研究报告中指出，SpaceX涉及美国政府和国防合同的国家安全敏感性等，将在争取监管和股东批准时构成重大障碍。报道称，SpaceX在美国国防体系中的嵌入程度已达到现代企业史上罕见的高度。其火箭发射能力、轨道硬件及与政府官员的紧密关系，帮助其获得了专门为其量身定制的五角大楼合同。仅今年，SpaceX就赢得了一份价值20亿美元的合同，为“黄金穹顶”导弹防御计划提供军事通信网络卫星，而该计划的最终总投入可能超过1万亿美元。","news_type":1,"symbols_score_info":{"TSLS":0.6,"TSDD":0.6,"WANT":0.6,"SPCX":2.1,"ELOL":0.6,"WATS":0.6,"SPCQ":0.6,"STSLAmain":0.6,"FDRV":0.6,"IDRV":0.6,"SNK":0.6,"TSLA":2.1,"07766":0.6,"TSLI":0.6,"TSLT":0.6,"TSYY":0.6,"DSPC":0.6,"TSLZ":0.6,"CRSH":0.6,"LIT":0.6,"SPCF":0.6,"TLA":0.6,"SPCM":0.6,"TSLG":0.6,"TSLW":0.6,"LOFD":0.6,"TSLP":0.6,"TSLO":0.6,"TSLQ":0.6,"YSPC":0.6,"SSPC":0.6,"09766":0.6,"TSII":0.6,"SPCG":0.6,"TESC":0.6,"SPAL":0.6,"TSL":0.6,"SPAX":0.6,"TSLL":0.6,"TEST":0.6,"SPCH":0.6,"LOFF":0.6,"TESL":0.6,"SMOG":0.6,"TSLY":0.6,"TSLR":0.6,"07366":0.6,"SPCU":0.6,"09366":0.6}},"isVote":1,"tweetType":1,"viewCount":758,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":620849614377624,"gmtCreate":1792601762413,"gmtModify":1792601766626,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"根据中金的测算waymo尚未覆盖成本盈利。<a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a><a href=\"https://laohu8.com/S/PONY\"> $小马智行(PONY)$ </a><a href=\"https://laohu8.com/S/BIDU\"> $百度(BIDU)$ </a><a href=\"https://laohu8.com/S/WRD\"> $文远知行(WRD)$ </a>","listText":"根据中金的测算waymo尚未覆盖成本盈利。<a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a><a href=\"https://laohu8.com/S/PONY\"> $小马智行(PONY)$ </a><a href=\"https://laohu8.com/S/BIDU\"> $百度(BIDU)$ </a><a href=\"https://laohu8.com/S/WRD\"> $文远知行(WRD)$ </a>","text":"根据中金的测算waymo尚未覆盖成本盈利。 $特斯拉(TSLA)$ $小马智行(PONY)$ $百度(BIDU)$ $文远知行(WRD)$","images":[{"img":"https://static.tigerbbs.com/11a94d95087d85faa02dc947fa37c287"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/620849614377624","repostId":"511752723054744","repostType":1,"repost":{"id":511752723054744,"gmtCreate":1765966672200,"gmtModify":1765968245814,"author":{"id":"4193127532077652","authorId":"4193127532077652","name":"Sam港美日记","avatar":"https://static.tigerbbs.com/6effef7d54590d90b3b0861617cd11d3","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4193127532077652","idStr":"4193127532077652"},"themes":[],"title":"特斯拉创新高、Waymo 订单爆表！无人驾驶双雄，万亿美金盛宴开启！","htmlText":"核心观点 特斯拉（TSLA）股价创历史新高，标志着市场对其从纯硬件制造向Robotaxi服务转型逻辑的认可。 Waymo商业化进程加速，年订单量突破千万级，验证了L4级自动驾驶在全球复杂超大型城市落地的可行性。 美银（BofA）测算：自动驾驶每英里成本降至$2.0以下将触发行业临界点，长期潜在市场规模（TAM）逾万亿美元。 昨天，特斯拉股价创了历史新高！一边是，汽车销量放缓、毛利率承压。一边是Robotaxi去掉安全监督员，Cybercab按下量产加速键。冰与火之歌，就像一个梦魇，一直环绕在特斯拉和马斯克身边。 特斯拉从销量滑铁卢，到股价创历史新高，反转的逻辑在于：Robotaxi业务正在从“愿景期”进入“落地期”。 摩根士丹利最新报告指出，2026年4月Cybercab的投产将是关键里程碑。特斯拉在奥斯汀进行的无安全员监督测试，不仅验证了其端到端大模型的技术路径，更预示着其车队规模将从实验性质向规模化运营跨越。 为什么Robotaxi会有如此大的魔力，先科普一个数据：虽然我们天天聊网约车，但在全美国每年3万亿英里的汽车行驶里程中，Uber和Lyft这种网约车加起来竟然只占了1%。 为什么这么低？ 因为太贵了。 目前，美国私家车持有成本约为$0.70-$1.06/英里，而传统网约车（Uber/Lyft）成本高达$2.50-$3.00/英里。美银研究认为：$2.0/英里是需求爆发的临界价格。一旦自动驾驶运营成本降至此水平以下，消费者行为将发生结构性改变——从“购车所有权”转向“按需使用权”。若15年内渗透率达20%，市场规模将锁定在0.9万亿至1.2万亿美元。 这里有个问题是，低成本车辆落地后，怎么运营最赚钱？美银拆解了三种模式，这决定了未来十年这些巨头的财务报表长什么样： 第一种，所有权模式，这也是特斯拉和Waymo常用的模式，就是平台自己买车、自己维护。虽然资本投入巨大，","listText":"核心观点 特斯拉（TSLA）股价创历史新高，标志着市场对其从纯硬件制造向Robotaxi服务转型逻辑的认可。 Waymo商业化进程加速，年订单量突破千万级，验证了L4级自动驾驶在全球复杂超大型城市落地的可行性。 美银（BofA）测算：自动驾驶每英里成本降至$2.0以下将触发行业临界点，长期潜在市场规模（TAM）逾万亿美元。 昨天，特斯拉股价创了历史新高！一边是，汽车销量放缓、毛利率承压。一边是Robotaxi去掉安全监督员，Cybercab按下量产加速键。冰与火之歌，就像一个梦魇，一直环绕在特斯拉和马斯克身边。 特斯拉从销量滑铁卢，到股价创历史新高，反转的逻辑在于：Robotaxi业务正在从“愿景期”进入“落地期”。 摩根士丹利最新报告指出，2026年4月Cybercab的投产将是关键里程碑。特斯拉在奥斯汀进行的无安全员监督测试，不仅验证了其端到端大模型的技术路径，更预示着其车队规模将从实验性质向规模化运营跨越。 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目前，美国私家车持有成本约为$0.70-$1.06/英里，而传统网约车（Uber/Lyft）成本高达$2.50-$3.00/英里。美银研究认为：$2.0/英里是需求爆发的临界价格。一旦自动驾驶运营成本降至此水平以下，消费者行为将发生结构性改变——从“购车所有权”转向“按需使用权”。若15年内渗透率达20%，市场规模将锁定在0.9万亿至1.2万亿美元。 这里有个问题是，低成本车辆落地后，怎么运营最赚钱？美银拆解了三种模式，这决定了未来十年这些巨头的财务报表长什么样： 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data-views=\"0\"></v-v>&nbsp; 老乡别走啊","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 老乡别走啊","text":"$小米集团-W(01810)$ 老乡别走啊","images":[{"img":"https://static.tigerbbs.com/bfb039754ff5597838b33c327dff0905","width":"1316","height":"1950"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/620384426534272","isVote":1,"tweetType":1,"viewCount":1169,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"content":"今天微绿 $小米集團-W(01810)$","text":"今天微绿 $小米集團-W(01810)$","html":"今天微绿 $小米集團-W(01810)$"},{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"content":"恨铁不成钢 [流泪] [流泪] [流泪]","text":"恨铁不成钢 [流泪] [流泪] [流泪]","html":"恨铁不成钢 [流泪] [流泪] [流泪]"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":620384442974728,"gmtCreate":1792488097286,"gmtModify":1792488099844,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"相比内地新势力没有过多优势。<a href=\"https://laohu8.com/S/09868\"> $小鹏集团-W(09868)$ </a><a href=\"https://laohu8.com/S/09866\"> $蔚来-SW(09866)$ </a><a href=\"https://laohu8.com/S/LI\"> $理想汽车(LI)$ </a><a href=\"https://laohu8.com/S/01810\"> $小米集团-W(01810)$ </a><a href=\"https://laohu8.com/S/09927\"> $赛力斯(09927)$ </a>","listText":"相比内地新势力没有过多优势。<a href=\"https://laohu8.com/S/09868\"> $小鹏集团-W(09868)$ </a><a href=\"https://laohu8.com/S/09866\"> $蔚来-SW(09866)$ </a><a href=\"https://laohu8.com/S/LI\"> $理想汽车(LI)$ </a><a href=\"https://laohu8.com/S/01810\"> $小米集团-W(01810)$ </a><a href=\"https://laohu8.com/S/09927\"> $赛力斯(09927)$ </a>","text":"相比内地新势力没有过多优势。 $小鹏集团-W(09868)$ $蔚来-SW(09866)$ $理想汽车(LI)$ $小米集团-W(01810)$ $赛力斯(09927)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/620384442974728","repostId":"620383616492896","repostType":1,"repost":{"id":620383616492896,"gmtCreate":1792487968192,"gmtModify":1792487975524,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 我不认为特斯拉能跑赢通胀， 即实际增速（名义增长-通胀率）有限。 出于实用主义我会选择Pickup，而不是看似炫酷的跑车。值得注意的是⚡⚡⚡： Roadster 火箭版只有单座，400 公升气瓶占掉副驾、搭 10 具推进器 特斯拉 Roadster 火箭版为什么只有一个座位？副驾的位置要拿来装一颗 400 公升的碳纤维缠绕压力容器（COPV）。再加上后方 200 公升的气瓶（只有 Thrust 和 Rocket 版才有），Rocket 版的总容量是 600 公升。 Rocket 版在车身周围总共配置了 10 具推进器：4 具朝后、4 具朝下，还有 2 具朝侧边。 🏎 Performance 版：4 个后置风扇、吸力系统，以及前后可展开裙边。 🚀 Thrust 版：在 Performance 版的基础上，加上 4 具朝后的加速推进器，配 200 公升气瓶。 🔥 Rocket 版：在 Thrust 版的基础上，再加 4 具朝下、2 具朝侧边的推进器，配 400 公升气瓶，所以只有单座。","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 我不认为特斯拉能跑赢通胀， 即实际增速（名义增长-通胀率）有限。 出于实用主义我会选择Pickup，而不是看似炫酷的跑车。值得注意的是⚡⚡⚡： Roadster 火箭版只有单座，400 公升气瓶占掉副驾、搭 10 具推进器 特斯拉 Roadster 火箭版为什么只有一个座位？副驾的位置要拿来装一颗 400 公升的碳纤维缠绕压力容器（COPV）。再加上后方 200 公升的气瓶（只有 Thrust 和 Rocket 版才有），Rocket 版的总容量是 600 公升。 Rocket 版在车身周围总共配置了 10 具推进器：4 具朝后、4 具朝下，还有 2 具朝侧边。 🏎 Performance 版：4 个后置风扇、吸力系统，以及前后可展开裙边。 🚀 Thrust 版：在 Performance 版的基础上，加上 4 具朝后的加速推进器，配 200 公升气瓶。 🔥 Rocket 版：在 Thrust 版的基础上，再加 4 具朝下、2 具朝侧边的推进器，配 400 公升气瓶，所以只有单座。","text":"$特斯拉(TSLA)$ 我不认为特斯拉能跑赢通胀， 即实际增速（名义增长-通胀率）有限。 出于实用主义我会选择Pickup，而不是看似炫酷的跑车。值得注意的是⚡⚡⚡： Roadster 火箭版只有单座，400 公升气瓶占掉副驾、搭 10 具推进器 特斯拉 Roadster 火箭版为什么只有一个座位？副驾的位置要拿来装一颗 400 公升的碳纤维缠绕压力容器（COPV）。再加上后方 200 公升的气瓶（只有 Thrust 和 Rocket 版才有），Rocket 版的总容量是 600 公升。 Rocket 版在车身周围总共配置了 10 具推进器：4 具朝后、4 具朝下，还有 2 具朝侧边。 🏎 Performance 版：4 个后置风扇、吸力系统，以及前后可展开裙边。 🚀 Thrust 版：在 Performance 版的基础上，加上 4 具朝后的加速推进器，配 200 公升气瓶。 🔥 Rocket 版：在 Thrust 版的基础上，再加 4 具朝下、2 具朝侧边的推进器，配 400 公升气瓶，所以只有单座。","images":[{"img":"https://static.tigerbbs.com/6a4a8763ae2d8ca3d8bb38499e13bafb","width":"1782","height":"933"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/620383616492896","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":620383616492896,"gmtCreate":1792487968192,"gmtModify":1792487975524,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 我不认为特斯拉能跑赢通胀， 即实际增速（名义增长-通胀率）有限。 出于实用主义我会选择Pickup，而不是看似炫酷的跑车。值得注意的是⚡⚡⚡： Roadster 火箭版只有单座，400 公升气瓶占掉副驾、搭 10 具推进器 特斯拉 Roadster 火箭版为什么只有一个座位？副驾的位置要拿来装一颗 400 公升的碳纤维缠绕压力容器（COPV）。再加上后方 200 公升的气瓶（只有 Thrust 和 Rocket 版才有），Rocket 版的总容量是 600 公升。 Rocket 版在车身周围总共配置了 10 具推进器：4 具朝后、4 具朝下，还有 2 具朝侧边。 🏎 Performance 版：4 个后置风扇、吸力系统，以及前后可展开裙边。 🚀 Thrust 版：在 Performance 版的基础上，加上 4 具朝后的加速推进器，配 200 公升气瓶。 🔥 Rocket 版：在 Thrust 版的基础上，再加 4 具朝下、2 具朝侧边的推进器，配 400 公升气瓶，所以只有单座。","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 我不认为特斯拉能跑赢通胀， 即实际增速（名义增长-通胀率）有限。 出于实用主义我会选择Pickup，而不是看似炫酷的跑车。值得注意的是⚡⚡⚡： Roadster 火箭版只有单座，400 公升气瓶占掉副驾、搭 10 具推进器 特斯拉 Roadster 火箭版为什么只有一个座位？副驾的位置要拿来装一颗 400 公升的碳纤维缠绕压力容器（COPV）。再加上后方 200 公升的气瓶（只有 Thrust 和 Rocket 版才有），Rocket 版的总容量是 600 公升。 Rocket 版在车身周围总共配置了 10 具推进器：4 具朝后、4 具朝下，还有 2 具朝侧边。 🏎 Performance 版：4 个后置风扇、吸力系统，以及前后可展开裙边。 🚀 Thrust 版：在 Performance 版的基础上，加上 4 具朝后的加速推进器，配 200 公升气瓶。 🔥 Rocket 版：在 Thrust 版的基础上，再加 4 具朝下、2 具朝侧边的推进器，配 400 公升气瓶，所以只有单座。","text":"$特斯拉(TSLA)$ 我不认为特斯拉能跑赢通胀， 即实际增速（名义增长-通胀率）有限。 出于实用主义我会选择Pickup，而不是看似炫酷的跑车。值得注意的是⚡⚡⚡： Roadster 火箭版只有单座，400 公升气瓶占掉副驾、搭 10 具推进器 特斯拉 Roadster 火箭版为什么只有一个座位？副驾的位置要拿来装一颗 400 公升的碳纤维缠绕压力容器（COPV）。再加上后方 200 公升的气瓶（只有 Thrust 和 Rocket 版才有），Rocket 版的总容量是 600 公升。 Rocket 版在车身周围总共配置了 10 具推进器：4 具朝后、4 具朝下，还有 2 具朝侧边。 🏎 Performance 版：4 个后置风扇、吸力系统，以及前后可展开裙边。 🚀 Thrust 版：在 Performance 版的基础上，加上 4 具朝后的加速推进器，配 200 公升气瓶。 🔥 Rocket 版：在 Thrust 版的基础上，再加 4 具朝下、2 具朝侧边的推进器，配 400 公升气瓶，所以只有单座。","images":[{"img":"https://static.tigerbbs.com/6a4a8763ae2d8ca3d8bb38499e13bafb","width":"1782","height":"933"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/620383616492896","isVote":1,"tweetType":1,"viewCount":1421,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"content":"相比内地新势力没有过多优势。 $小鵬集團-W(09868)$ $蔚來-SW(09866)$ $理想汽車(LI)$ $小米集團-W(01810)$ $賽力斯(09927)$","text":"相比内地新势力没有过多优势。 $小鵬集團-W(09868)$ $蔚來-SW(09866)$ $理想汽車(LI)$ $小米集團-W(01810)$ $賽力斯(09927)$","html":"相比内地新势力没有过多优势。 $小鵬集團-W(09868)$ $蔚來-SW(09866)$ $理想汽車(LI)$ $小米集團-W(01810)$ $賽力斯(09927)$"},{"author":{"id":"3563357612600728","authorId":"3563357612600728","name":"Johnsonk","avatar":"https://static.tigerbbs.com/8d6ab73351a61f0c3e887a3cffcf2aa2","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3563357612600728","idStr":"3563357612600728"},"content":"我认为小米马上就会破产","text":"我认为小米马上就会破产","html":"我认为小米马上就会破产"}],"imageCount":2,"langContent":"CN","totalScore":0},{"id":619807603360872,"gmtCreate":1792345903117,"gmtModify":1792345906559,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; The growth potential of the automobile manufacturing industry is limited. If it sells adult toys like Yiwu manufacturing, that would be somewhat interesting and suitable as an experience item at Disneyland.","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; The growth potential of the automobile manufacturing industry is limited. If it sells adult toys like Yiwu manufacturing, that would be somewhat interesting and suitable as an experience item at Disneyland.","text":"$特斯拉(TSLA)$ The growth potential of the automobile manufacturing industry is limited. If it sells adult toys like Yiwu manufacturing, that would be somewhat interesting and suitable as an experience item at Disneyland.","images":[{"img":"https://static.tigerbbs.com/02dc74fdbeeab76a5602042b77eaedb6","width":"1316","height":"1549"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/619807603360872","isVote":1,"tweetType":1,"viewCount":1294,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3563357612600728","authorId":"3563357612600728","name":"Johnsonk","avatar":"https://static.tigerbbs.com/8d6ab73351a61f0c3e887a3cffcf2aa2","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3563357612600728","idStr":"3563357612600728"},"content":"这就是特斯拉的魅力，只有特斯拉才会引起社会上一群沙币的热情","text":"这就是特斯拉的魅力，只有特斯拉才会引起社会上一群沙币的热情","html":"这就是特斯拉的魅力，只有特斯拉才会引起社会上一群沙币的热情"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":619702520767496,"gmtCreate":1792320285445,"gmtModify":1792320287263,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09868\"> $小鵬集團-W(09868)$ </a><a href=\"https://laohu8.com/S/LI\"> $理想汽車(LI)$ </a><a href=\"https://laohu8.com/S/02015\"> $理想汽車-W(02015)$ </a><a href=\"https://laohu8.com/S/NIO\"> $蔚來(NIO)$ </a><a href=\"https://laohu8.com/S/09866\"> $蔚來-SW(09866)$ </a> [开心]","listText":"<a href=\"https://laohu8.com/S/09868\"> $小鵬集團-W(09868)$ </a><a href=\"https://laohu8.com/S/LI\"> $理想汽車(LI)$ </a><a href=\"https://laohu8.com/S/02015\"> $理想汽車-W(02015)$ </a><a href=\"https://laohu8.com/S/NIO\"> $蔚來(NIO)$ </a><a href=\"https://laohu8.com/S/09866\"> $蔚來-SW(09866)$ </a> [开心]","text":"$小鵬集團-W(09868)$ $理想汽車(LI)$ $理想汽車-W(02015)$ $蔚來(NIO)$ $蔚來-SW(09866)$ [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619702520767496","repostId":"619637265772672","repostType":1,"repost":{"id":619637265772672,"gmtCreate":1792296635348,"gmtModify":1792296640233,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","listText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","text":"为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","images":[{"img":"https://static.tigerbbs.com/9e1258a677bb0c918424f82a7f89ecc9","width":"1218","height":"1291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619637265772672","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":619702415700736,"gmtCreate":1792320193144,"gmtModify":1792320195205,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"[财迷]<a href=\"https://laohu8.com/S/01958\"> $北京汽車(01958)$ </a><a href=\"https://laohu8.com/S/000800\"> $一汽解放(000800)$ </a><a href=\"https://laohu8.com/S/601238\"> $廣汽集團(601238)$ </a><a href=\"https://laohu8.com/S/600104\"> $上汽集團(600104)$ </a><a href=\"https://laohu8.com/S/600006\"> $東風股份(600006)$ </a>","listText":"[财迷]<a href=\"https://laohu8.com/S/01958\"> $北京汽車(01958)$ </a><a href=\"https://laohu8.com/S/000800\"> $一汽解放(000800)$ </a><a href=\"https://laohu8.com/S/601238\"> $廣汽集團(601238)$ </a><a href=\"https://laohu8.com/S/600104\"> $上汽集團(600104)$ </a><a href=\"https://laohu8.com/S/600006\"> $東風股份(600006)$ </a>","text":"[财迷] $北京汽車(01958)$ $一汽解放(000800)$ $廣汽集團(601238)$ $上汽集團(600104)$ $東風股份(600006)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619702415700736","repostId":"619637265772672","repostType":1,"repost":{"id":619637265772672,"gmtCreate":1792296635348,"gmtModify":1792296640233,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","listText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","text":"为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","images":[{"img":"https://static.tigerbbs.com/9e1258a677bb0c918424f82a7f89ecc9","width":"1218","height":"1291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619637265772672","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":619608438965248,"gmtCreate":1792297256067,"gmtModify":1792297257750,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"建议懂车帝重温科目一 <a href=\"https://laohu8.com/S/01810\"> $小米集团-W(01810)$ </a><a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a><a href=\"https://laohu8.com/S/603000\"> $人民网(603000)$ </a><a href=\"https://laohu8.com/S/600418\"> $江淮汽车(600418)$ </a><a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a>","listText":"建议懂车帝重温科目一 <a href=\"https://laohu8.com/S/01810\"> $小米集团-W(01810)$ </a><a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a><a href=\"https://laohu8.com/S/603000\"> $人民网(603000)$ </a><a href=\"https://laohu8.com/S/600418\"> $江淮汽车(600418)$ </a><a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a>","text":"建议懂车帝重温科目一 $小米集团-W(01810)$ $特斯拉(TSLA)$ $人民网(603000)$ $江淮汽车(600418)$ $特斯拉(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619608438965248","repostId":"619637265772672","repostType":1,"repost":{"id":619637265772672,"gmtCreate":1792296635348,"gmtModify":1792296640233,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","listText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","text":"为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","images":[{"img":"https://static.tigerbbs.com/9e1258a677bb0c918424f82a7f89ecc9","width":"1218","height":"1291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619637265772672","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":619607805076344,"gmtCreate":1792297097797,"gmtModify":1792297101279,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"[得意] [得意] [得意]脚刹失灵怎么办？ 长按不松手： 触发紧急制动模式。 四轮液压制动： 系统激活ESP/ABS，进行四轮平稳减速，而非直接锁死后轮。 全程可控： 车辆直线减速，不甩尾、不失控，你依然可以打方向避让。<a href=\"https://laohu8.com/S/600418\"> $江淮汽车(600418)$ </a><a href=\"https://laohu8.com/S/603000\"> $人民网(603000)$ </a><a href=\"https://laohu8.com/S/01810\"> $小米集团-W(01810)$ </a><a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a><a href=\"https://laohu8.com/S/601127\"> $赛力斯(601127)$ </a> 尊界V800刹车踏板断裂","listText":"[得意] [得意] [得意]脚刹失灵怎么办？ 长按不松手： 触发紧急制动模式。 四轮液压制动： 系统激活ESP/ABS，进行四轮平稳减速，而非直接锁死后轮。 全程可控： 车辆直线减速，不甩尾、不失控，你依然可以打方向避让。<a href=\"https://laohu8.com/S/600418\"> $江淮汽车(600418)$ </a><a href=\"https://laohu8.com/S/603000\"> $人民网(603000)$ </a><a href=\"https://laohu8.com/S/01810\"> $小米集团-W(01810)$ </a><a href=\"https://laohu8.com/S/TSLA\"> $特斯拉(TSLA)$ </a><a href=\"https://laohu8.com/S/601127\"> $赛力斯(601127)$ </a> 尊界V800刹车踏板断裂","text":"[得意] [得意] [得意]脚刹失灵怎么办？ 长按不松手： 触发紧急制动模式。 四轮液压制动： 系统激活ESP/ABS，进行四轮平稳减速，而非直接锁死后轮。 全程可控： 车辆直线减速，不甩尾、不失控，你依然可以打方向避让。 $江淮汽车(600418)$ $人民网(603000)$ $小米集团-W(01810)$ $特斯拉(TSLA)$ $赛力斯(601127)$ 尊界V800刹车踏板断裂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619607805076344","repostId":"619637265772672","repostType":1,"repost":{"id":619637265772672,"gmtCreate":1792296635348,"gmtModify":1792296640233,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","listText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","text":"为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","images":[{"img":"https://static.tigerbbs.com/9e1258a677bb0c918424f82a7f89ecc9","width":"1218","height":"1291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619637265772672","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":619637265772672,"gmtCreate":1792296635348,"gmtModify":1792296640233,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","listText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","text":"为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","images":[{"img":"https://static.tigerbbs.com/9e1258a677bb0c918424f82a7f89ecc9","width":"1218","height":"1291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":5,"link":"https://laohu8.com/post/619637265772672","isVote":1,"tweetType":1,"viewCount":2308,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"content":"[得意] [得意] [得意]腳剎失靈怎麼辦？ 長按不鬆手： 觸發緊急制動模式。 四輪液壓制動： 系統激活ESP/ABS，進行四輪平穩減速，而非直接鎖死後輪。 全程可控： 車輛直線減速，不甩尾、不失控，你依然可以打方向避讓。 $江淮汽車(600418)$ $人民網(603000)$ $小米集團-W(01810)$ $特斯拉(TSLA)$ $賽力斯(601127)$ 尊界V800刹车踏板断裂","text":"[得意] [得意] [得意]腳剎失靈怎麼辦？ 長按不鬆手： 觸發緊急制動模式。 四輪液壓制動： 系統激活ESP/ABS，進行四輪平穩減速，而非直接鎖死後輪。 全程可控： 車輛直線減速，不甩尾、不失控，你依然可以打方向避讓。 $江淮汽車(600418)$ $人民網(603000)$ $小米集團-W(01810)$ $特斯拉(TSLA)$ $賽力斯(601127)$ 尊界V800刹车踏板断裂","html":"[得意] [得意] [得意]腳剎失靈怎麼辦？ 長按不鬆手： 觸發緊急制動模式。 四輪液壓制動： 系統激活ESP/ABS，進行四輪平穩減速，而非直接鎖死後輪。 全程可控： 車輛直線減速，不甩尾、不失控，你依然可以打方向避讓。 $江淮汽車(600418)$ $人民網(603000)$ $小米集團-W(01810)$ $特斯拉(TSLA)$ $賽力斯(601127)$ 尊界V800刹车踏板断裂"},{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"content":"建議懂車帝重溫科目一 $小米集團-W(01810)$ $特斯拉(TSLA)$ $人民網(603000)$ $江淮汽車(600418)$ $特斯拉(TSLA)$","text":"建議懂車帝重溫科目一 $小米集團-W(01810)$ $特斯拉(TSLA)$ $人民網(603000)$ $江淮汽車(600418)$ $特斯拉(TSLA)$","html":"建議懂車帝重溫科目一 $小米集團-W(01810)$ $特斯拉(TSLA)$ $人民網(603000)$ $江淮汽車(600418)$ $特斯拉(TSLA)$"}],"imageCount":2,"langContent":"CN","totalScore":0},{"id":619118223532936,"gmtCreate":1792177571281,"gmtModify":1792177575882,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a>&nbsp;<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;&nbsp; 人家成功的男人在考虑 Roadster 了， 窝却连 iPhone Duo ⋯&nbsp; 都还要狂找理由劝自己不要😆","listText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a>&nbsp;<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;<a href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;&nbsp; 人家成功的男人在考虑 Roadster 了， 窝却连 iPhone Duo ⋯&nbsp; 都还要狂找理由劝自己不要😆","text":"$SpaceX(SPCX)$ $特斯拉(TSLA)$ $苹果(AAPL)$ 人家成功的男人在考虑 Roadster 了， 窝却连 iPhone Duo ⋯ 都还要狂找理由劝自己不要😆","images":[{"img":"https://static.tigerbbs.com/06e0ee5829338eede63cdcd81217af8e","width":"1206","height":"657"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/619118223532936","isVote":1,"tweetType":1,"viewCount":1949,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3566290818801808","authorId":"3566290818801808","name":"亿千","avatar":"https://static.tigerbbs.com/b8074aa8994a90800980e41658344389","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3566290818801808","idStr":"3566290818801808"},"content":"他陆行之，对比的估计是郭明祺～ 何必纠结","text":"他陆行之，对比的估计是郭明祺～ 何必纠结","html":"他陆行之，对比的估计是郭明祺～ 何必纠结"}],"imageCount":2,"langContent":"CN","totalScore":0},{"id":619046347079800,"gmtCreate":1792159984524,"gmtModify":1792159987588,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"$小米集團-W(01810)$","images":[{"img":"https://static.tigerbbs.com/08cd98a30fd6f9a6e6a0f43162b11a7b","width":"1316","height":"2320"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619046347079800","isVote":1,"tweetType":1,"viewCount":652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":618460592960200,"gmtCreate":1792033094638,"gmtModify":1792033097874,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"老乡别跑<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"老乡别跑<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"老乡别跑$小米集团-W(01810)$","images":[{"img":"https://static.tigerbbs.com/59da64c1d2c578f0c76d24a7c35ecf89","width":"1315","height":"1950"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/618460592960200","isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":616523241100304,"gmtCreate":1791537583711,"gmtModify":1791537587108,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a>&nbsp; 谁上车了？ 谁下车了？ 老乡别走～","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a>&nbsp; 谁上车了？ 谁下车了？ 老乡别走～","text":"$小米集团-W(01810)$ 谁上车了？ 谁下车了？ 老乡别走～","images":[{"img":"https://static.tigerbbs.com/d9494eb5198f0fb0026122988dc69404","width":"1316","height":"1950"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":2,"link":"https://laohu8.com/post/616523241100304","isVote":1,"tweetType":1,"viewCount":9177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":615458614784344,"gmtCreate":1791277619561,"gmtModify":1791277622917,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4186152209563772","idStr":"4186152209563772"},"themes":[],"title":"","htmlText":"？为什么还有北水？？？<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"？为什么还有北水？？？<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"？为什么还有北水？？？$小米集团-W(01810)$","images":[{"img":"https://static.tigerbbs.com/95eba3929ce848614449e3bf7e28a262","width":"1316","height":"1876"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/615458614784344","isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":421748063027400,"gmtCreate":1743996844848,"gmtModify":1743998634527,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/YANG\">$三倍做空富时中国ETF-Direxion(YANG)$ &nbsp;</a>这钱赚的不踏实","listText":"<a href=\"https://laohu8.com/S/YANG\">$三倍做空富时中国ETF-Direxion(YANG)$ &nbsp;</a>这钱赚的不踏实","text":"$三倍做空富时中国ETF-Direxion(YANG)$ 这钱赚的不踏实","images":[{"img":"https://static.tigerbbs.com/aaac1e6712846aa10350602e78da0669","width":"1022","height":"1743"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/421748063027400","isVote":1,"tweetType":1,"viewCount":14004,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4088626949262520","authorId":"4088626949262520","name":"Inmoretion","avatar":"https://static.tigerbbs.com/b1c0fdec2b419399e39fd0a7b103ef63","crmLevel":7,"crmLevelSwitch":1,"idStr":"4088626949262520","authorIdStr":"4088626949262520"},"content":"可惜，如果不是模拟就好了","text":"可惜，如果不是模拟就好了","html":"可惜，如果不是模拟就好了"},{"author":{"id":"4161932824255432","authorId":"4161932824255432","name":"小岛大浪","avatar":"https://static.tigerbbs.com/937a1567f8df8209fb27fca394d03b4f","crmLevel":2,"crmLevelSwitch":1,"idStr":"4161932824255432","authorIdStr":"4161932824255432"},"content":"模拟盘玩个锤子！","text":"模拟盘玩个锤子！","html":"模拟盘玩个锤子！"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":524016574924168,"gmtCreate":1768960407619,"gmtModify":1768960410484,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"Who's buying? Who's selling? <a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"Who's buying? Who's selling? <a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"Who's buying? Who's selling? $小米集團-W(01810)$","images":[{"img":"https://static.tigerbbs.com/9e3509efef1b76a57a82a5d96a4e5c13","width":"1316","height":"1950"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":2,"link":"https://laohu8.com/post/524016574924168","isVote":1,"tweetType":1,"viewCount":4230,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4106371827704990","authorId":"4106371827704990","name":"天上冲蜗牛","avatar":"https://static.tigerbbs.com/a79e1b5e3ff9e7fde1e71e851c611977","crmLevel":4,"crmLevelSwitch":1,"idStr":"4106371827704990","authorIdStr":"4106371827704990"},"content":"大佬们 都没咋动，几个小鱼小虾在扑腾","text":"大佬们 都没咋动，几个小鱼小虾在扑腾","html":"大佬们 都没咋动，几个小鱼小虾在扑腾"},{"author":{"id":"4179313357790252","authorId":"4179313357790252","name":"大大富翁","avatar":"https://static.tigerbbs.com/e4182139cfca36dea3d0d9c202f17833","crmLevel":5,"crmLevelSwitch":0,"idStr":"4179313357790252","authorIdStr":"4179313357790252"},"content":"散户持续抄底，好不了一点","text":"散户持续抄底，好不了一点","html":"散户持续抄底，好不了一点"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":510032275571696,"gmtCreate":1765532539978,"gmtModify":1765532552603,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v><a href=\"https://laohu8.com/S/XIACY\">$小米集团ADR(XIACY)$&nbsp;</a><v-v data-views=\"0\"></v-v> What Is The Main Business Of This Company? 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Is Your Company's Main Business Selling Millet？ Are You OK? @小米公司","images":[{"img":"https://static.tigerbbs.com/67040ca2c63de3354281b62f6eef2024","width":"1200","height":"4047"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":12,"repostSize":2,"link":"https://laohu8.com/post/510032275571696","isVote":1,"tweetType":1,"viewCount":4085,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4227183114927742","authorId":"4227183114927742","name":"GGbon","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"4227183114927742","authorIdStr":"4227183114927742"},"content":"哥们，买了多少空仓啊？这就急了吗？","text":"哥们，买了多少空仓啊？这就急了吗？","html":"哥们，买了多少空仓啊？这就急了吗？"},{"author":{"id":"3493253968930232","authorId":"3493253968930232","name":"闭着眼睛炒","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3493253968930232","authorIdStr":"3493253968930232"},"content":"独立思考，明辨是非","text":"独立思考，明辨是非","html":"独立思考，明辨是非"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":621260892890024,"gmtCreate":1792702181992,"gmtModify":1792702184603,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> &nbsp;America is American. AI is not only artificial intelligence but also American intelligence. How many voters can Tesla provide for Wall Street to align with?","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v> &nbsp;America is American. AI is not only artificial intelligence but also American intelligence. How many voters can Tesla provide for Wall Street to align with?","text":"$特斯拉(TSLA)$ America is American. AI is not only artificial intelligence but also American intelligence. How many voters can Tesla provide for Wall Street to align with?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/621260892890024","repostId":"2677930696","repostType":2,"repost":{"id":"2677930696","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1792655055,"share":"https://www.laohunote.com/m/news/2677930696?lang=zh_CN&edition=full","pubTime":"2026-10-22 15:44","market":"other","language":"zh","title":"AI的饼越画越大，特斯拉为何仍难打动华尔街？","url":"https://stock-news.laohu8.com/highlight/detail?id=2677930696","media":"华尔街见闻","summary":"三大投行罕见地形成共识：进展真实存在，但估值已充分定价，甚至过于饱满。特斯拉正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。","content":"<html><head></head><body><p style=\"text-align: left;\">特斯拉第三季度财报显示，公司自动驾驶、储能和机器人业务均取得阶段性进展，毛利率亦超出预期，但居高不下的运营支出、低于预期的盈利能力以及依然遥远的商业化兑现时间表，令华尔街主流投行维持观望立场。这家市值1.6万亿美元的公司，<strong>正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。</strong></p><p style=\"text-align: left;\">特斯拉第三季度营收280亿美元，EBIT仅7.18亿美元，远低于高盛和摩根士丹利的预期，运营支出超预期是主要拖累。尽管非GAAP每股摊薄收益0.48美元小幅超预期，但高盛已将2026至2027年EPS预测下调，理由正是持续攀升的运营成本。对于股价而言，高盛维持中性评级及360美元目标价，较当前股价隐含约7%的下行空间；摩根士丹利同样维持中性评级，目标价400美元；摩根大通对特斯拉股票标注中性评级。</p><p style=\"text-align: left;\">三大投行罕见地形成共识：<strong>进展真实存在，但估值已充分定价，甚至过于饱满。</strong></p><p style=\"text-align: left;\">尽管如此，财报中的亮点同样不容忽视。<strong>北美FSD新车搭载率从二季度的55%升至超75%，无人驾驶Robotaxi累计里程在短短数周内从100万英里增至310万英里；储能业务毛利率升至33.1%，Megapack积压订单创历史纪录。</strong>这些数据为特斯拉的长期叙事提供了真实支撑，也是多数分析师尚未彻底放弃这只股票的底层逻辑。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f1537bf4492ac3597ddb8b93f722bf0\" data-align=\"center\" tg-width=\"846\" tg-height=\"681\"/><span></span></p><h2 style=\"text-align: left;\">毛利率惊喜，利润叙事受阻</h2><p style=\"text-align: left;\">特斯拉三季度整体毛利率19.6%，全面超出各方预期——高盛预测18.5%，公司汇总市场一致预期17.9%，FactSet口径为17.5%。</p><p style=\"text-align: left;\">其中，汽车业务毛利率（含股权激励，剔除碳积分）达18.1%，超出高盛预测的16.3%；储能业务毛利率33.1%，亦大幅超出摩根士丹利预测的26.5%；服务业务毛利率15.9%，创历史新高。</p><p style=\"text-align: left;\">然而，<strong>毛利率层面的超预期被费用端的失控所抵消。</strong>三季度EBIT仅7.18亿美元，明显低于高盛预测的10.43亿美元和摩根士丹利预测的5.26亿美元；研发费用27.61亿美元，较摩根士丹利预测高出约11%。管理层明确表示，为支撑AI与能源业务扩张——包括Optimus、Robotaxi及Megapack——运营支出和资本开支将继续按季环比增长。</p><p style=\"text-align: left;\">高盛随即下调2026至2027年EPS预测，分别从0.82美元和1.75美元下修至0.67美元和1.60美元，同时略微上调2028年预测至2.50美元。</p><p style=\"text-align: left;\">摩根大通亦对此持审慎态度。按目前股价计算，2028年预期市盈率仍高达154倍，自由现金流收益率在2026至2027年均为负值，这意味着投资者需要为遥远的未来支付极高的溢价。</p><h2 style=\"text-align: left;\">Robotaxi与FSD：里程碑在加速，但商业化仍在早期</h2><p style=\"text-align: left;\"><strong>Robotaxi是本季度最受市场关注的业务进展。</strong>截至10月18日，特斯拉完全无人驾驶的Robotaxi累计行驶里程达310万英里，较9月3日的约100万英里增长超过两倍，周增速约20%，超出高盛此前预期的200至300万英里区间上限。</p><p style=\"text-align: left;\">据高盛研究报告，2026年1月22日特斯拉开始完全无监督运营至今，平均每约10万英里发生一次事故（无论责任归属或严重程度）；相比之下，Waymo在2025年7月至2026年8月间平均每18万英里发生一次，近期数据已达每36万英里一次。<strong>差距依然存在，但特斯拉改善速度不可忽视。</strong></p><p style=\"text-align: left;\">在地理扩张层面，管理层表示Cybercab已在奥斯汀展开运营，并预计下月在达拉斯启动；圣安东尼奥和杰克逊维尔被列入后续扩张城市名单，此前已公布的<a href=\"https://laohu8.com/S/600716\">凤凰</a>城和拉斯维加斯亦在推进中。</p><p style=\"text-align: left;\">FSD主动订阅用户数达174万，同比增长67%；欧盟范围内的全面审批最早预计在2026年12月，管理层目标是在2027年一季度前获得欧盟统一许可。尽管进展积极，但高盛认为来自Waymo等竞争对手的压力不容低估，并将自动驾驶领域的竞争列为主要下行风险之一。</p><h2 style=\"text-align: left;\">Optimus：节奏比市场预期保守</h2><p style=\"text-align: left;\">人形机器人Optimus是本季度另一个被高度审视的议题。</p><p style=\"text-align: left;\">马斯克在财报电话会上确认Optimus已在弗里蒙特工厂开始量产，但对产能爬坡的表述相当审慎——<strong>12个月内目标产量为1万至2万台，低于部分市场此前的乐观预期，</strong>这批机器人将首先用于特斯拉内部的Tesla Academy进行自我训练和数据生成。面向外部客户的商业销售目标被推至2027年底，消费者端应用则更为遥远。</p><p style=\"text-align: left;\">马斯克将Optimus的量产过程描述为&#34;S曲线&#34;，强调需要&#34;一万件事同时运转正确&#34;，速度最慢的零部件或工艺将决定整体爬坡节奏。<strong>他点名手部（灵巧手）是当前最大的硬件瓶颈，实现人类级别的灵活性和长时间可靠运作仍是挑战。</strong></p><p style=\"text-align: left;\">算力层面，特斯拉计划于2027年4月将新一代AI5芯片集成进Optimus，该芯片算力据管理层介绍约为现有AI4芯片的10倍，将大幅提升复杂行为能力。</p><p style=\"text-align: left;\">据摩根大通研究报告，其对整个人形机器人供应链的立场因此趋于谨慎，并对Unitree、Estun、UBTech在未来1至3个月内面临预期修正风险保持警惕，。</p><h2 style=\"text-align: left;\">储能与汽车需求：实质性亮点</h2><p style=\"text-align: left;\">在几项容易被AI叙事遮盖的核心业务中，储能和汽车需求实际上提供了令人信服的基本面支撑。</p><p style=\"text-align: left;\">储能业务毛利率33.1%，环比大幅提升；管理层称Megapack容量&#34;2027年几乎已售罄&#34;，能源业务积压订单创历史纪录。德克萨斯州Megafactory已开始生产。</p><p style=\"text-align: left;\">值得注意的是，三季度储能营收28.81亿美元低于高盛预测的37.49亿美元，管理层将部分差距归因于对能源客户的关税退款；高盛表示将继续跟踪ASP（平均售价）走势及定价环境。</p><p style=\"text-align: left;\">汽车需求方面，管理层称乘用车积压订单处于四年最高水平，已在加拿大、澳大利亚、日本和中国台湾实现创纪录交付，Tesla Semi也开始量产。高盛将2026至2028年交付量预测上调至184万/195万/203万辆。供应链层面，电池可用性仍是全球产能爬坡的限制因素之一，但公司正在柏林、德克萨斯和内华达多地推进相关产能建设。</p><h2 style=\"text-align: left;\">估值&#34;已充分定价&#34;</h2><p style=\"text-align: left;\">尽管业务进展不乏亮点，华尔街主流机构对特斯拉股票的态度依然高度一致。</p><p style=\"text-align: left;\">高盛维持中性评级，12个月目标价360美元，基于150倍市盈率乘以未来5至8个季度EPS预测（含股权激励），较当前股价约有7%的下行空间。摩根士丹利维持中性评级，目标价400美元，其估值模型包含44美元的核心汽车业务、145美元的网络服务、120美元的Tesla Mobility、35美元的储能，以及折扣后56美元的人形机器人价值分配，已相当充分地反映了长期期权价值。</p><p style=\"text-align: left;\">高盛明确指出，当前估值&#34;已充分定价&#34;（valuation is full），盈利能力和自由现金流在近至中期将持续承压，而EPS改善的幅度和节奏将受到多个领域竞争压力的约束。特斯拉的12个月股价与<a href=\"https://laohu8.com/S/161125\">标普500</a>指数相比，过去一年已跑输约24%，反映出市场在等待兑现的过程中持续消化溢价。</p><p style=\"text-align: left;\">此外，高盛表示，特斯拉CEO在财报电话会上提及，<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>于10月20日的财报电话会上披露，SpaceX与特斯拉已分别成立由独立董事组成的特别委员会，就潜在业务合并进行讨论。<strong>这一披露为特斯拉股票增添了新的变量，但当前信息有限，各大机构均表示将持续跟踪，尚未将其纳入估值框架。</strong></p></body></html>","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\" 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.h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI的饼越画越大，特斯拉为何仍难打动华尔街？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-10-22 15:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">特斯拉第三季度财报显示，公司自动驾驶、储能和机器人业务均取得阶段性进展，毛利率亦超出预期，但居高不下的运营支出、低于预期的盈利能力以及依然遥远的商业化兑现时间表，令华尔街主流投行维持观望立场。这家市值1.6万亿美元的公司，<strong>正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。</strong></p><p style=\"text-align: left;\">特斯拉第三季度营收280亿美元，EBIT仅7.18亿美元，远低于高盛和摩根士丹利的预期，运营支出超预期是主要拖累。尽管非GAAP每股摊薄收益0.48美元小幅超预期，但高盛已将2026至2027年EPS预测下调，理由正是持续攀升的运营成本。对于股价而言，高盛维持中性评级及360美元目标价，较当前股价隐含约7%的下行空间；摩根士丹利同样维持中性评级，目标价400美元；摩根大通对特斯拉股票标注中性评级。</p><p style=\"text-align: left;\">三大投行罕见地形成共识：<strong>进展真实存在，但估值已充分定价，甚至过于饱满。</strong></p><p style=\"text-align: left;\">尽管如此，财报中的亮点同样不容忽视。<strong>北美FSD新车搭载率从二季度的55%升至超75%，无人驾驶Robotaxi累计里程在短短数周内从100万英里增至310万英里；储能业务毛利率升至33.1%，Megapack积压订单创历史纪录。</strong>这些数据为特斯拉的长期叙事提供了真实支撑，也是多数分析师尚未彻底放弃这只股票的底层逻辑。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f1537bf4492ac3597ddb8b93f722bf0\" data-align=\"center\" tg-width=\"846\" tg-height=\"681\"/><span></span></p><h2 style=\"text-align: left;\">毛利率惊喜，利润叙事受阻</h2><p style=\"text-align: left;\">特斯拉三季度整体毛利率19.6%，全面超出各方预期——高盛预测18.5%，公司汇总市场一致预期17.9%，FactSet口径为17.5%。</p><p style=\"text-align: left;\">其中，汽车业务毛利率（含股权激励，剔除碳积分）达18.1%，超出高盛预测的16.3%；储能业务毛利率33.1%，亦大幅超出摩根士丹利预测的26.5%；服务业务毛利率15.9%，创历史新高。</p><p style=\"text-align: left;\">然而，<strong>毛利率层面的超预期被费用端的失控所抵消。</strong>三季度EBIT仅7.18亿美元，明显低于高盛预测的10.43亿美元和摩根士丹利预测的5.26亿美元；研发费用27.61亿美元，较摩根士丹利预测高出约11%。管理层明确表示，为支撑AI与能源业务扩张——包括Optimus、Robotaxi及Megapack——运营支出和资本开支将继续按季环比增长。</p><p style=\"text-align: left;\">高盛随即下调2026至2027年EPS预测，分别从0.82美元和1.75美元下修至0.67美元和1.60美元，同时略微上调2028年预测至2.50美元。</p><p style=\"text-align: left;\">摩根大通亦对此持审慎态度。按目前股价计算，2028年预期市盈率仍高达154倍，自由现金流收益率在2026至2027年均为负值，这意味着投资者需要为遥远的未来支付极高的溢价。</p><h2 style=\"text-align: left;\">Robotaxi与FSD：里程碑在加速，但商业化仍在早期</h2><p style=\"text-align: left;\"><strong>Robotaxi是本季度最受市场关注的业务进展。</strong>截至10月18日，特斯拉完全无人驾驶的Robotaxi累计行驶里程达310万英里，较9月3日的约100万英里增长超过两倍，周增速约20%，超出高盛此前预期的200至300万英里区间上限。</p><p style=\"text-align: left;\">据高盛研究报告，2026年1月22日特斯拉开始完全无监督运营至今，平均每约10万英里发生一次事故（无论责任归属或严重程度）；相比之下，Waymo在2025年7月至2026年8月间平均每18万英里发生一次，近期数据已达每36万英里一次。<strong>差距依然存在，但特斯拉改善速度不可忽视。</strong></p><p style=\"text-align: left;\">在地理扩张层面，管理层表示Cybercab已在奥斯汀展开运营，并预计下月在达拉斯启动；圣安东尼奥和杰克逊维尔被列入后续扩张城市名单，此前已公布的<a href=\"https://laohu8.com/S/600716\">凤凰</a>城和拉斯维加斯亦在推进中。</p><p style=\"text-align: left;\">FSD主动订阅用户数达174万，同比增长67%；欧盟范围内的全面审批最早预计在2026年12月，管理层目标是在2027年一季度前获得欧盟统一许可。尽管进展积极，但高盛认为来自Waymo等竞争对手的压力不容低估，并将自动驾驶领域的竞争列为主要下行风险之一。</p><h2 style=\"text-align: left;\">Optimus：节奏比市场预期保守</h2><p style=\"text-align: left;\">人形机器人Optimus是本季度另一个被高度审视的议题。</p><p style=\"text-align: left;\">马斯克在财报电话会上确认Optimus已在弗里蒙特工厂开始量产，但对产能爬坡的表述相当审慎——<strong>12个月内目标产量为1万至2万台，低于部分市场此前的乐观预期，</strong>这批机器人将首先用于特斯拉内部的Tesla Academy进行自我训练和数据生成。面向外部客户的商业销售目标被推至2027年底，消费者端应用则更为遥远。</p><p style=\"text-align: left;\">马斯克将Optimus的量产过程描述为&#34;S曲线&#34;，强调需要&#34;一万件事同时运转正确&#34;，速度最慢的零部件或工艺将决定整体爬坡节奏。<strong>他点名手部（灵巧手）是当前最大的硬件瓶颈，实现人类级别的灵活性和长时间可靠运作仍是挑战。</strong></p><p style=\"text-align: left;\">算力层面，特斯拉计划于2027年4月将新一代AI5芯片集成进Optimus，该芯片算力据管理层介绍约为现有AI4芯片的10倍，将大幅提升复杂行为能力。</p><p style=\"text-align: left;\">据摩根大通研究报告，其对整个人形机器人供应链的立场因此趋于谨慎，并对Unitree、Estun、UBTech在未来1至3个月内面临预期修正风险保持警惕，。</p><h2 style=\"text-align: left;\">储能与汽车需求：实质性亮点</h2><p style=\"text-align: left;\">在几项容易被AI叙事遮盖的核心业务中，储能和汽车需求实际上提供了令人信服的基本面支撑。</p><p style=\"text-align: left;\">储能业务毛利率33.1%，环比大幅提升；管理层称Megapack容量&#34;2027年几乎已售罄&#34;，能源业务积压订单创历史纪录。德克萨斯州Megafactory已开始生产。</p><p style=\"text-align: left;\">值得注意的是，三季度储能营收28.81亿美元低于高盛预测的37.49亿美元，管理层将部分差距归因于对能源客户的关税退款；高盛表示将继续跟踪ASP（平均售价）走势及定价环境。</p><p style=\"text-align: left;\">汽车需求方面，管理层称乘用车积压订单处于四年最高水平，已在加拿大、澳大利亚、日本和中国台湾实现创纪录交付，Tesla Semi也开始量产。高盛将2026至2028年交付量预测上调至184万/195万/203万辆。供应链层面，电池可用性仍是全球产能爬坡的限制因素之一，但公司正在柏林、德克萨斯和内华达多地推进相关产能建设。</p><h2 style=\"text-align: left;\">估值&#34;已充分定价&#34;</h2><p style=\"text-align: left;\">尽管业务进展不乏亮点，华尔街主流机构对特斯拉股票的态度依然高度一致。</p><p style=\"text-align: left;\">高盛维持中性评级，12个月目标价360美元，基于150倍市盈率乘以未来5至8个季度EPS预测（含股权激励），较当前股价约有7%的下行空间。摩根士丹利维持中性评级，目标价400美元，其估值模型包含44美元的核心汽车业务、145美元的网络服务、120美元的Tesla Mobility、35美元的储能，以及折扣后56美元的人形机器人价值分配，已相当充分地反映了长期期权价值。</p><p style=\"text-align: left;\">高盛明确指出，当前估值&#34;已充分定价&#34;（valuation is full），盈利能力和自由现金流在近至中期将持续承压，而EPS改善的幅度和节奏将受到多个领域竞争压力的约束。特斯拉的12个月股价与<a href=\"https://laohu8.com/S/161125\">标普500</a>指数相比，过去一年已跑输约24%，反映出市场在等待兑现的过程中持续消化溢价。</p><p style=\"text-align: left;\">此外，高盛表示，特斯拉CEO在财报电话会上提及，<a href=\"https://laohu8.com/S/SPCX\">SpaceX</a>于10月20日的财报电话会上披露，SpaceX与特斯拉已分别成立由独立董事组成的特别委员会，就潜在业务合并进行讨论。<strong>这一披露为特斯拉股票增添了新的变量，但当前信息有限，各大机构均表示将持续跟踪，尚未将其纳入估值框架。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8350896f4f33c86bc28f200b67ab82b4","relate_stocks":{"TSL":"1.25倍做多TSLA ETF-GraniteShares","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","TLA":"GraniteShares Autocallable TSLA ETF","LU2471134796.USD":"INVESCO GLOBAL 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ACC"},"source_url":"https://wallstreetcn.com/articles/3784204","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2677930696","content_text":"特斯拉第三季度财报显示，公司自动驾驶、储能和机器人业务均取得阶段性进展，毛利率亦超出预期，但居高不下的运营支出、低于预期的盈利能力以及依然遥远的商业化兑现时间表，令华尔街主流投行维持观望立场。这家市值1.6万亿美元的公司，正面临一个愈发棘手的困境：故事越讲越大，估值却越来越难以支撑。特斯拉第三季度营收280亿美元，EBIT仅7.18亿美元，远低于高盛和摩根士丹利的预期，运营支出超预期是主要拖累。尽管非GAAP每股摊薄收益0.48美元小幅超预期，但高盛已将2026至2027年EPS预测下调，理由正是持续攀升的运营成本。对于股价而言，高盛维持中性评级及360美元目标价，较当前股价隐含约7%的下行空间；摩根士丹利同样维持中性评级，目标价400美元；摩根大通对特斯拉股票标注中性评级。三大投行罕见地形成共识：进展真实存在，但估值已充分定价，甚至过于饱满。尽管如此，财报中的亮点同样不容忽视。北美FSD新车搭载率从二季度的55%升至超75%，无人驾驶Robotaxi累计里程在短短数周内从100万英里增至310万英里；储能业务毛利率升至33.1%，Megapack积压订单创历史纪录。这些数据为特斯拉的长期叙事提供了真实支撑，也是多数分析师尚未彻底放弃这只股票的底层逻辑。毛利率惊喜，利润叙事受阻特斯拉三季度整体毛利率19.6%，全面超出各方预期——高盛预测18.5%，公司汇总市场一致预期17.9%，FactSet口径为17.5%。其中，汽车业务毛利率（含股权激励，剔除碳积分）达18.1%，超出高盛预测的16.3%；储能业务毛利率33.1%，亦大幅超出摩根士丹利预测的26.5%；服务业务毛利率15.9%，创历史新高。然而，毛利率层面的超预期被费用端的失控所抵消。三季度EBIT仅7.18亿美元，明显低于高盛预测的10.43亿美元和摩根士丹利预测的5.26亿美元；研发费用27.61亿美元，较摩根士丹利预测高出约11%。管理层明确表示，为支撑AI与能源业务扩张——包括Optimus、Robotaxi及Megapack——运营支出和资本开支将继续按季环比增长。高盛随即下调2026至2027年EPS预测，分别从0.82美元和1.75美元下修至0.67美元和1.60美元，同时略微上调2028年预测至2.50美元。摩根大通亦对此持审慎态度。按目前股价计算，2028年预期市盈率仍高达154倍，自由现金流收益率在2026至2027年均为负值，这意味着投资者需要为遥远的未来支付极高的溢价。Robotaxi与FSD：里程碑在加速，但商业化仍在早期Robotaxi是本季度最受市场关注的业务进展。截至10月18日，特斯拉完全无人驾驶的Robotaxi累计行驶里程达310万英里，较9月3日的约100万英里增长超过两倍，周增速约20%，超出高盛此前预期的200至300万英里区间上限。据高盛研究报告，2026年1月22日特斯拉开始完全无监督运营至今，平均每约10万英里发生一次事故（无论责任归属或严重程度）；相比之下，Waymo在2025年7月至2026年8月间平均每18万英里发生一次，近期数据已达每36万英里一次。差距依然存在，但特斯拉改善速度不可忽视。在地理扩张层面，管理层表示Cybercab已在奥斯汀展开运营，并预计下月在达拉斯启动；圣安东尼奥和杰克逊维尔被列入后续扩张城市名单，此前已公布的凤凰城和拉斯维加斯亦在推进中。FSD主动订阅用户数达174万，同比增长67%；欧盟范围内的全面审批最早预计在2026年12月，管理层目标是在2027年一季度前获得欧盟统一许可。尽管进展积极，但高盛认为来自Waymo等竞争对手的压力不容低估，并将自动驾驶领域的竞争列为主要下行风险之一。Optimus：节奏比市场预期保守人形机器人Optimus是本季度另一个被高度审视的议题。马斯克在财报电话会上确认Optimus已在弗里蒙特工厂开始量产，但对产能爬坡的表述相当审慎——12个月内目标产量为1万至2万台，低于部分市场此前的乐观预期，这批机器人将首先用于特斯拉内部的Tesla Academy进行自我训练和数据生成。面向外部客户的商业销售目标被推至2027年底，消费者端应用则更为遥远。马斯克将Optimus的量产过程描述为\"S曲线\"，强调需要\"一万件事同时运转正确\"，速度最慢的零部件或工艺将决定整体爬坡节奏。他点名手部（灵巧手）是当前最大的硬件瓶颈，实现人类级别的灵活性和长时间可靠运作仍是挑战。算力层面，特斯拉计划于2027年4月将新一代AI5芯片集成进Optimus，该芯片算力据管理层介绍约为现有AI4芯片的10倍，将大幅提升复杂行为能力。据摩根大通研究报告，其对整个人形机器人供应链的立场因此趋于谨慎，并对Unitree、Estun、UBTech在未来1至3个月内面临预期修正风险保持警惕，。储能与汽车需求：实质性亮点在几项容易被AI叙事遮盖的核心业务中，储能和汽车需求实际上提供了令人信服的基本面支撑。储能业务毛利率33.1%，环比大幅提升；管理层称Megapack容量\"2027年几乎已售罄\"，能源业务积压订单创历史纪录。德克萨斯州Megafactory已开始生产。值得注意的是，三季度储能营收28.81亿美元低于高盛预测的37.49亿美元，管理层将部分差距归因于对能源客户的关税退款；高盛表示将继续跟踪ASP（平均售价）走势及定价环境。汽车需求方面，管理层称乘用车积压订单处于四年最高水平，已在加拿大、澳大利亚、日本和中国台湾实现创纪录交付，Tesla Semi也开始量产。高盛将2026至2028年交付量预测上调至184万/195万/203万辆。供应链层面，电池可用性仍是全球产能爬坡的限制因素之一，但公司正在柏林、德克萨斯和内华达多地推进相关产能建设。估值\"已充分定价\"尽管业务进展不乏亮点，华尔街主流机构对特斯拉股票的态度依然高度一致。高盛维持中性评级，12个月目标价360美元，基于150倍市盈率乘以未来5至8个季度EPS预测（含股权激励），较当前股价约有7%的下行空间。摩根士丹利维持中性评级，目标价400美元，其估值模型包含44美元的核心汽车业务、145美元的网络服务、120美元的Tesla Mobility、35美元的储能，以及折扣后56美元的人形机器人价值分配，已相当充分地反映了长期期权价值。高盛明确指出，当前估值\"已充分定价\"（valuation is full），盈利能力和自由现金流在近至中期将持续承压，而EPS改善的幅度和节奏将受到多个领域竞争压力的约束。特斯拉的12个月股价与标普500指数相比，过去一年已跑输约24%，反映出市场在等待兑现的过程中持续消化溢价。此外，高盛表示，特斯拉CEO在财报电话会上提及，SpaceX于10月20日的财报电话会上披露，SpaceX与特斯拉已分别成立由独立董事组成的特别委员会，就潜在业务合并进行讨论。这一披露为特斯拉股票增添了新的变量，但当前信息有限，各大机构均表示将持续跟踪，尚未将其纳入估值框架。","news_type":1,"symbols_score_info":{"TSDD":0.6,"TEST":0.6,"WATS":0.6,"07366":0.6,"FDRV":0.6,"TSLZ":0.6,"ELOL":0.6,"TSLG":0.6,"TSII":0.6,"CRSH":0.6,"TLA":0.6,"TSLI":0.6,"TSLP":0.6,"TSLY":0.6,"09366":0.6,"TSLA":1.97,"SMOG":0.6,"TSLS":0.6,"TSL":0.6,"07766":0.6,"TSLT":0.6,"TSYY":0.6,"IDRV":0.6,"TSLO":0.6,"TSLR":0.6,"TESC":0.6,"LIT":0.6,"09766":0.6,"STSLAmain":0.6,"TSLW":0.6,"TSLQ":0.6,"TESL":0.6,"TSLL":0.6,"WANT":0.6}},"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"The America include Latin America! $特斯拉(TSLA)$ America is the America of the Americans.","text":"The America include Latin America! $特斯拉(TSLA)$ America is the America of the Americans.","html":"The America include Latin America! $特斯拉(TSLA)$ America is the America of the Americans."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":619637265772672,"gmtCreate":1792296635348,"gmtModify":1792296640233,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","listText":"为什么没有人拉断手刹？ <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/600418\">$江淮汽车(600418)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/601127\">$赛力斯(601127)$&nbsp;</a> &nbsp;<a href=\"https://laohu8.com/S/603000\">$人民网(603000)$ </a>&nbsp; <a href=\"https://laohu8.com/U/3562909664933798\">@特斯拉 </a> 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","text":"为什么没有人拉断手刹？ $特斯拉(TSLA)$ $小米集团-W(01810)$ $江淮汽车(600418)$ $赛力斯(601127)$ $人民网(603000)$ @特斯拉 希望贵司对电子手刹紧急制动，在特殊工况下的场景应用做更多说明。如：脚踩刹车踏板失灵的工况下。特别关注到贵司的P档驻车为屏幕操作。作为投资者我们需要为消费者的安全考虑，这关乎我们践行ESG可持续发展的理念贯彻。","images":[{"img":"https://static.tigerbbs.com/9e1258a677bb0c918424f82a7f89ecc9","width":"1218","height":"1291"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":5,"link":"https://laohu8.com/post/619637265772672","isVote":1,"tweetType":1,"viewCount":2308,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"[得意] [得意] [得意]腳剎失靈怎麼辦？ 長按不鬆手： 觸發緊急制動模式。 四輪液壓制動： 系統激活ESP/ABS，進行四輪平穩減速，而非直接鎖死後輪。 全程可控： 車輛直線減速，不甩尾、不失控，你依然可以打方向避讓。 $江淮汽車(600418)$ $人民網(603000)$ $小米集團-W(01810)$ $特斯拉(TSLA)$ $賽力斯(601127)$ 尊界V800刹车踏板断裂","text":"[得意] [得意] [得意]腳剎失靈怎麼辦？ 長按不鬆手： 觸發緊急制動模式。 四輪液壓制動： 系統激活ESP/ABS，進行四輪平穩減速，而非直接鎖死後輪。 全程可控： 車輛直線減速，不甩尾、不失控，你依然可以打方向避讓。 $江淮汽車(600418)$ $人民網(603000)$ $小米集團-W(01810)$ $特斯拉(TSLA)$ $賽力斯(601127)$ 尊界V800刹车踏板断裂","html":"[得意] [得意] [得意]腳剎失靈怎麼辦？ 長按不鬆手： 觸發緊急制動模式。 四輪液壓制動： 系統激活ESP/ABS，進行四輪平穩減速，而非直接鎖死後輪。 全程可控： 車輛直線減速，不甩尾、不失控，你依然可以打方向避讓。 $江淮汽車(600418)$ $人民網(603000)$ $小米集團-W(01810)$ $特斯拉(TSLA)$ $賽力斯(601127)$ 尊界V800刹车踏板断裂"},{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"建議懂車帝重溫科目一 $小米集團-W(01810)$ $特斯拉(TSLA)$ $人民網(603000)$ $江淮汽車(600418)$ $特斯拉(TSLA)$","text":"建議懂車帝重溫科目一 $小米集團-W(01810)$ $特斯拉(TSLA)$ $人民網(603000)$ $江淮汽車(600418)$ $特斯拉(TSLA)$","html":"建議懂車帝重溫科目一 $小米集團-W(01810)$ $特斯拉(TSLA)$ $人民網(603000)$ $江淮汽車(600418)$ $特斯拉(TSLA)$"}],"imageCount":2,"langContent":"CN","totalScore":0},{"id":548266287081440,"gmtCreate":1774877629786,"gmtModify":1774877632600,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; [无语]&nbsp;&nbsp;[无语]&nbsp;&nbsp;[无语]&nbsp;&nbsp; South-to-North Water Diversion Project","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; [无语]&nbsp;&nbsp;[无语]&nbsp;&nbsp;[无语]&nbsp;&nbsp; South-to-North Water Diversion Project","text":"$小米集團-W(01810)$ [无语] [无语] [无语] South-to-North Water Diversion Project","images":[{"img":"https://static.tigerbbs.com/59d0c2328b0e2b1045991e489a99dddd","width":"1316","height":"1950"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":2,"link":"https://laohu8.com/post/548266287081440","isVote":1,"tweetType":1,"viewCount":1772,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":510581701554384,"gmtCreate":1765666586462,"gmtModify":1765669313192,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-W(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; <a 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My clients and I have always been strong supporters of your platform, and we highly appreciate Alibaba’s leading position in the Chinese market as well as its long-standing efforts in empowering farmers and driving the digital economy. We sincerely hope that the advertisements and products our clients place on your platform will generate real <a href=\"https://laohu8.com/J/showDialog/word_explain?id=1993279231576399872&amp;word=cash flow\">cash flow</a>","listText":"<a href=\"https://laohu8.com/S/09988\">$阿里巴巴-W(09988)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;<a href=\"https://laohu8.com/S/BABA\">$阿里巴巴(BABA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp; <a href=\"https://laohu8.com/U/3570687182203069\">@阿里巴巴集团 </a>&nbsp; Suggestions on Mandarin Advertising and Live Streaming Coverage Dear Alibaba Team, Greetings! My clients and I have always been strong supporters of your platform, and we highly appreciate Alibaba’s leading position in the Chinese market as well as its long-standing efforts in empowering farmers and driving the digital economy. We sincerely hope that the advertisements and products our clients place on your platform will generate real <a href=\"https://laohu8.com/J/showDialog/word_explain?id=1993279231576399872&amp;word=cash flow\">cash flow</a>","text":"$阿里巴巴-W(09988)$ $阿里巴巴(BABA)$ @阿里巴巴集团 Suggestions on Mandarin Advertising and Live Streaming Coverage Dear Alibaba Team, Greetings! My clients and I have always been strong supporters of your platform, and we highly appreciate Alibaba’s leading position in the Chinese market as well as its long-standing efforts in empowering farmers and driving the digital economy. We sincerely hope that the advertisements and products our clients place on your platform will generate real cash flow","images":[{"img":"https://static.tigerbbs.com/67040ca2c63de3354281b62f6eef2024","width":"1200","height":"4047"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":8,"repostSize":2,"link":"https://laohu8.com/post/510581701554384","isVote":1,"tweetType":1,"viewCount":5078,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"We remember Jack Ma saying before:15 years ago, 18 founders in my apartment had a dream,that someday we can build up a company , that can serve millions of small business. Today , this remain our mission to make easy to do business anywhere. $阿里巴巴-WR(89988)$ $阿里巴巴-W(09988)$ $阿里巴巴(BABA)$ $FUT:小米集團2512(MIU2512)$ $小米集團-W(01810)$","text":"We remember Jack Ma saying before:15 years ago, 18 founders in my apartment had a dream,that someday we can build up a company , that can serve millions of small business. Today , this remain our mission to make easy to do business anywhere. $阿里巴巴-WR(89988)$ $阿里巴巴-W(09988)$ $阿里巴巴(BABA)$ $FUT:小米集團2512(MIU2512)$ $小米集團-W(01810)$","html":"We remember Jack Ma saying before:15 years ago, 18 founders in my apartment had a dream,that someday we can build up a company , that can serve millions of small business. Today , this remain our mission to make easy to do business anywhere. $阿里巴巴-WR(89988)$ $阿里巴巴-W(09988)$ $阿里巴巴(BABA)$ $FUT:小米集團2512(MIU2512)$ $小米集團-W(01810)$"},{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"$阿里巴巴(BABA)$ $阿里巴巴-W(09988)$ Your competitors made a mistake. It's time to regain lost market share! @阿里巴巴集团 $小米集團-W(01810)$ $FUT:小米集團主連 2512(MIUmain)$","text":"$阿里巴巴(BABA)$ $阿里巴巴-W(09988)$ Your competitors made a mistake. It's time to regain lost market share! @阿里巴巴集团 $小米集團-W(01810)$ $FUT:小米集團主連 2512(MIUmain)$","html":"$阿里巴巴(BABA)$ $阿里巴巴-W(09988)$ Your competitors made a mistake. It's time to regain lost market share! @阿里巴巴集团 $小米集團-W(01810)$ $FUT:小米集團主連 2512(MIUmain)$"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":569090725262168,"gmtCreate":1779942390866,"gmtModify":1779945533734,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; <a href=\"https://laohu8.com/S/CNYHKD.FOREX\">$人民幣/港幣(CNYHKD.FOREX)$ </a>&nbsp; The RMB's appreciation has added insult to injury.&nbsp;&nbsp;","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; <a href=\"https://laohu8.com/S/CNYHKD.FOREX\">$人民幣/港幣(CNYHKD.FOREX)$ </a>&nbsp; The RMB's appreciation has added insult to injury.&nbsp;&nbsp;","text":"$小米集團-W(01810)$ $人民幣/港幣(CNYHKD.FOREX)$ The RMB's appreciation has added insult to injury.","images":[{"img":"https://static.tigerbbs.com/165bdacda79840241034f0cc62174516","width":"1316","height":"1844"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":4,"link":"https://laohu8.com/post/569090725262168","isVote":1,"tweetType":1,"viewCount":3242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":551768466563096,"gmtCreate":1775731026697,"gmtModify":1775731039717,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 逻辑很简单：压单必跌～ 低买高卖向来如此～ 持续关注回购～ 关注买方～ 关注卖方～ 港股开卷考～","listText":"<a href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp; 逻辑很简单：压单必跌～ 低买高卖向来如此～ 持续关注回购～ 关注买方～ 关注卖方～ 港股开卷考～","text":"$小米集团-W(01810)$ 逻辑很简单：压单必跌～ 低买高卖向来如此～ 持续关注回购～ 关注买方～ 关注卖方～ 港股开卷考～","images":[{"img":"https://static.tigerbbs.com/12cce72a4e019fdeab2544cbfdf4fffa","width":"1316","height":"1950"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":3,"link":"https://laohu8.com/post/551768466563096","isVote":1,"tweetType":1,"viewCount":5710,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3494251850433034","authorId":"3494251850433034","name":"橘子打野刀","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"idStr":"3494251850433034","authorIdStr":"3494251850433034"},"content":"港股回购后不能再卖出啊","text":"港股回购后不能再卖出啊","html":"港股回购后不能再卖出啊"},{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"做空其實也是如此，不過是先賣后買","text":"做空其實也是如此，不過是先賣后買","html":"做空其實也是如此，不過是先賣后買"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":414791720931600,"gmtCreate":1742286382183,"gmtModify":1742287748015,"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BIDU\">$百度(BIDU)$&nbsp;</a><v-v data-views=\"0\"></v-v>百度副总裁为女儿“开盒”道歉：深感愧疚 近日，网传因为追星引发争吵，百度副总裁谢广军女儿陷入“开盒”与被“开盒”的质疑。 3月17日，针对网络传闻，百度副总裁谢广军发布微信朋友圈表示深感愧疚，并向所有受影响的朋友郑重道歉。 Baidu vice-president Xie Guangjun issued an apology on Monday on his WeChat Moments, expressing deep remorse over his daughter's disclosure of others' private information online and extending apologies to all affected individuals, according to domestic news outlet Yicai. 来源：中国新闻网 环球时报 中国青年网 注意风控，小伙子们，起风了，浪来了[哟哟]&nbsp;","listText":"<a href=\"https://laohu8.com/S/BIDU\">$百度(BIDU)$&nbsp;</a><v-v data-views=\"0\"></v-v>百度副总裁为女儿“开盒”道歉：深感愧疚 近日，网传因为追星引发争吵，百度副总裁谢广军女儿陷入“开盒”与被“开盒”的质疑。 3月17日，针对网络传闻，百度副总裁谢广军发布微信朋友圈表示深感愧疚，并向所有受影响的朋友郑重道歉。 Baidu vice-president Xie Guangjun issued an apology on Monday on his WeChat Moments, expressing deep remorse over his daughter's disclosure of others' private information online and extending apologies to all affected individuals, according to domestic news outlet Yicai. 来源：中国新闻网 环球时报 中国青年网 注意风控，小伙子们，起风了，浪来了[哟哟]&nbsp;","text":"$百度(BIDU)$ 百度副总裁为女儿“开盒”道歉：深感愧疚 近日，网传因为追星引发争吵，百度副总裁谢广军女儿陷入“开盒”与被“开盒”的质疑。 3月17日，针对网络传闻，百度副总裁谢广军发布微信朋友圈表示深感愧疚，并向所有受影响的朋友郑重道歉。 Baidu vice-president Xie Guangjun issued an apology on Monday on his WeChat Moments, expressing deep remorse over his daughter's disclosure of others' private information online and extending apologies to all affected individuals, according to domestic news outlet Yicai. 来源：中国新闻网 环球时报 中国青年网 注意风控，小伙子们，起风了，浪来了[哟哟]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/414791720931600","isVote":1,"tweetType":1,"viewCount":6688,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4186152209563772","authorId":"4186152209563772","name":"Tigger虎虎虎","avatar":"https://static.tigerbbs.com/5b6644af7864019ae3e0f93cd0bc898c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4186152209563772","authorIdStr":"4186152209563772"},"content":"根据《关于依法惩治网络暴力违法犯罪的指导意见》第四条规定，依法惩治侵犯公民个人信息行为。组织“人肉搜索”，违法收集并向不特定多数人发布公民个人信息，情节严重，符合刑法第二百五十三条之一规定的，以侵犯公民个人信息罪定罪处罚。 根据《刑法》第253条之一，违反国家有关规定向他人出售或者提供公民个人信息，情节严重的，处三年以下有期徒刑或者拘役，并处或者单处罚金；情节特别严重的，处三年以上七年以下有期徒刑并处罚金。 “网络开盒”涉嫌侵犯公民个人信息罪。在网上公开辱骂他人，也有可能侵犯他人名誉权，违反《治安管理处罚法》，公然辱骂他人可处五日以下拘留或五百元以下罚款；情节较重的，可处五日以上十日以下拘留，并处五百元以下罚款。情节严重可能构成侮辱罪；如果捏造事实进行诽谤情节严重的构成诽谤罪。","text":"根据《关于依法惩治网络暴力违法犯罪的指导意见》第四条规定，依法惩治侵犯公民个人信息行为。组织“人肉搜索”，违法收集并向不特定多数人发布公民个人信息，情节严重，符合刑法第二百五十三条之一规定的，以侵犯公民个人信息罪定罪处罚。 根据《刑法》第253条之一，违反国家有关规定向他人出售或者提供公民个人信息，情节严重的，处三年以下有期徒刑或者拘役，并处或者单处罚金；情节特别严重的，处三年以上七年以下有期徒刑并处罚金。 “网络开盒”涉嫌侵犯公民个人信息罪。在网上公开辱骂他人，也有可能侵犯他人名誉权，违反《治安管理处罚法》，公然辱骂他人可处五日以下拘留或五百元以下罚款；情节较重的，可处五日以上十日以下拘留，并处五百元以下罚款。情节严重可能构成侮辱罪；如果捏造事实进行诽谤情节严重的构成诽谤罪。","html":"根据《关于依法惩治网络暴力违法犯罪的指导意见》第四条规定，依法惩治侵犯公民个人信息行为。组织“人肉搜索”，违法收集并向不特定多数人发布公民个人信息，情节严重，符合刑法第二百五十三条之一规定的，以侵犯公民个人信息罪定罪处罚。 根据《刑法》第253条之一，违反国家有关规定向他人出售或者提供公民个人信息，情节严重的，处三年以下有期徒刑或者拘役，并处或者单处罚金；情节特别严重的，处三年以上七年以下有期徒刑并处罚金。 “网络开盒”涉嫌侵犯公民个人信息罪。在网上公开辱骂他人，也有可能侵犯他人名誉权，违反《治安管理处罚法》，公然辱骂他人可处五日以下拘留或五百元以下罚款；情节较重的，可处五日以上十日以下拘留，并处五百元以下罚款。情节严重可能构成侮辱罪；如果捏造事实进行诽谤情节严重的构成诽谤罪。"}],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}