[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-tesla-stock-is-down-17-over-the-past-year-buy-now-or-wait-for-merger-terms-ZH":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":258,"relatedPosts":264,"suggestedPosts":344},{"id":224,"title":225,"date":226,"modified":226,"excerpt":227,"content":228,"wordCount":229,"lang":230,"uri":231,"slug":232,"cloudinaryAssetId":233,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":238,"editor":244,"categories":249,"relatedPosts":255,"seo":256},145214,"特斯拉股价过去一年下跌17%。现在买入还是等待合并条款？","2026-10-25T15:56:16","特斯拉股价在一年内下跌了17%，原因是7月份消耗了11亿美元现金。而10月份产生的15.3亿美元自由现金流改变了局面。以下是具体变化幅度。","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>特斯拉股价在过去一年下跌了17.1%，10月23日收盘报372.22美元，此前第二季度财报显示其消耗了11亿美元现金，造成了最严重的冲击。\u003C\u002Fli>\n\n\n\n\u003Cli>华尔街的平均目标价为408.36美元，较收盘价高出9.7%。\u003C\u002Fli>\n\n\n\n\u003Cli>第三季度自由现金流恢复至15.3亿美元，同时特斯拉将其2026年资本支出指引从超过250亿美元下调至约200亿美元。\u003C\u002Fli>\n\n\n\n\u003Cli>SpaceX表示，任何与特斯拉的合并都需要其控股股东马斯克的批准，目前尚未达成任何条款。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>特斯拉 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=27444752&amp;tid=108803915&amp;ref=q2enxr\">TSLA\u003C\u002Fa>)\u003C\u002Fstrong> 股价在过去一年下跌了17.1%，10月23日收盘报372.22美元。此前7月的报告显示，特斯拉出现了两年多来的首次现金消耗，并公布了超过250亿美元的支出计划。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">10月的报告部分扭转了这一局面。自由现金流恢复为正，特斯拉也下调了支出指引，但次日股价仍下跌了2%。目前特斯拉股价较7月23日收盘价319.69美元高出16.4%，但较其历史盘中高点（据我计算）低25.4%。\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">特斯拉股价于12月见顶，随后在春季回吐涨幅\u003C\u002Fh2>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1120\" height=\"744\" data-public-id=\"images\u002Fimage-601_1452155e7d2\u002Fimage-601_1452155e7d2.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1120,h_744,c_scale\u002Ff_webp,q_auto\u002Fv1792943109\u002Fimages\u002Fimage-601_1452155e7d2\u002Fimage-601_1452155e7d2.png?_i=AA\" alt=\"tesla TSLA Stock Price: 1-Year (TIKR)\" class=\"wp-post-145214 wp-image-145215\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792943109\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792943109\u002Fimages\u002Fimage-601_1452155e7d2\u002Fimage-601_1452155e7d2.png?_i=AA 1120w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792943109\u002Fimages\u002Fimage-601_1452155e7d2\u002Fimage-601_1452155e7d2.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_199,c_scale\u002Ff_webp,q_auto\u002Fv1792943109\u002Fimages\u002Fimage-601_1452155e7d2\u002Fimage-601_1452155e7d2.png?_i=AA 300w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">TSLA 股价：1年期 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">从公布的回报率倒推，一年期窗口的起始点为449.00美元。特斯拉股价在12月创下498.83美元的历史盘中高点，随后四个月持续下滑：2025年底收于450美元，3月底收于372美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">第一季度的交付数据也未能提振股价。4月2日，\u003Ca href=\"https:\u002F\u002Fwww.reuters.com\u002Fbusiness\u002Fautos-transportation\u002Fteslas-first-quarter-deliveries-miss-estimates-tax-credit-expiry-weighs-2026-04-02\u002F\">特斯拉报告交付了358,023辆汽车，而Visible Alpha的预期为368,903辆\u003C\u002Fa>，当月股价在340美元中段触底。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">随后，股价在5月反弹至440美元中段，但并无单一事件驱动。截至6月30日，股价收于421美元。7月2日，特斯拉交付了480,126辆汽车，比华尔街预期的402,776辆高出19.2%。这一利好仅持续了三周。\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">造成实际损害的7月22日报告\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">特斯拉第二季度的营收表现尚可：营收为282.4亿美元，而预期为257.1亿美元。但在营收之下，情况开始恶化。调整后每股收益为0.33美元，低于分析师预期的0.51美元，营业利润率收窄至1.4%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">更大的问题是资本支出（用于工厂、芯片和设备的资金）。特斯拉当季支出58亿美元，导致自由现金流转为负值，为-11亿美元。首席财务官Vaibhav Taneja维持了2026年资本支出超过250亿美元的指引，并表示支出将在未来两到三年内持续增长，同时警告下半年自由现金流的负值将加深。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">据彭博社报道，特斯拉股价在7月23日下跌14.5%，至319.69美元，这是自2025年3月以来的最大单日跌幅。这意味着在不到四周的时间里，股价较6月30日收盘价下跌了24.1%，并在8月初将股价推低至300美元附近。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-tikr-tracks-48-analysts-on-tesla-how-many-say-buy\" class=\"wp-block-heading\">\u003Cstrong>TIKR追踪了48位分析师对特斯拉的看法。有多少人给出“买入”评级？\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在一个地方查看特斯拉的买入、持有和卖出评级的完整细分，以及华尔街的营收和盈利预期。超过50万投资者使用TIKR来研究此类股票。\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">查看特斯拉的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">为何特斯拉股价在现金流转正的季度仍下跌\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">股价的回升是稳步的。特斯拉股价在10月2日收于371美元，当天特斯拉报告第三季度交付了486,532辆汽车，而预期为456,896辆。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">随后是10月21日的\u003Ca href=\"https:\u002F\u002Fir.tesla.com\u002F\">第三季度更新\u003C\u002Fa>。自由现金流为15.3亿美元，资本支出从第二季度的58亿美元降至47.3亿美元，特斯拉将其2026年资本支出指引下调至约200亿美元。不计积分影响的汽车毛利率从16.3%上升至18.1%。能源毛利率从20.4%跃升至33.1%，Taneja将其主要归因于关税退款和保修准备金调整，而非定价因素。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">下调指引并非战略改变。Taneja在\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Ftranscript?cid=27444752&amp;tid=108803915&amp;e=2024386566&amp;ts=3830920&amp;ref=q2enxr\">2026年第三季度财报电话会议\u003C\u002Fa>上告诉分析师，“我们未来几年的资本支出将继续扩大”，并且特斯拉已获得高达300亿美元的借款额度来为其提供资金。凭借超过450亿美元的现金和投资，特斯拉可以按新的200亿美元年化支出速度支撑2.3年（据我计算）。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">股价在10月22日下跌了2%，路透社将下跌归因于资本支出下调引发了对AI和机器人业务推进速度的质疑。StoneX给予该股买入评级，目标价475美元，其解读认为下调指引是一种推迟。特斯拉股价于10月23日收于372.22美元。\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">华尔街目前对特斯拉股价的预期\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">平均目标价为408.36美元，较10月23日收盘价高出9.7%。在过去一年中，该平均目标价从377.03美元上涨了8.3%，而股价则下跌了17.1%。平均目标价在7月达到峰值425.91美元，第二季度报告后跌至390美元区间，并在图表显示的末期跃升至当前水平。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1118\" height=\"740\" data-public-id=\"images\u002Fimage-603_145217d04b4\u002Fimage-603_145217d04b4.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1118,h_740,c_scale\u002Ff_webp,q_auto\u002Fv1792943143\u002Fimages\u002Fimage-603_145217d04b4\u002Fimage-603_145217d04b4.png?_i=AA\" alt=\"tesla TSLA Stock Mean Price Target: 1-Year (TIKR)\" class=\"wp-post-145214 wp-image-145217\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792943143\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792943143\u002Fimages\u002Fimage-603_145217d04b4\u002Fimage-603_145217d04b4.png?_i=AA 1118w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_199,c_scale\u002Ff_webp,q_auto\u002Fv1792943143\u002Fimages\u002Fimage-603_145217d04b4\u002Fimage-603_145217d04b4.png?_i=AA 300w\" sizes=\"auto, (max-width: 1118px) 100vw, 1118px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">TSLA 股票平均目标价：1年期 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">营收预期显示了华尔街的押注所在。特斯拉2025年营收下降2.9%至948.3亿美元，但分析师预计2026年营收为1077.5亿美元（增长13.6%），2027年为1223.0亿美元，2028年为1457.1亿美元，跃升19.1%，这将使营收比2025年高出53.7%。2028年的这一跃升与特斯拉自身的时间表相符：马斯克的目标是在其计划中的芯片工厂Terafab于2028年第三季度左右实现芯片量产。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1120\" height=\"740\" data-public-id=\"images\u002Fimage-602_145216a57f7\u002Fimage-602_145216a57f7.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1120,h_740,c_scale\u002Ff_webp,q_auto\u002Fv1792943130\u002Fimages\u002Fimage-602_145216a57f7\u002Fimage-602_145216a57f7.png?_i=AA\" alt=\"tesla TSLA Revenue Estimates: 2024 to 2028 (TIKR)\" class=\"wp-post-145214 wp-image-145216\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792943130\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792943130\u002Fimages\u002Fimage-602_145216a57f7\u002Fimage-602_145216a57f7.png?_i=AA 1120w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_198,c_scale\u002Ff_webp,q_auto\u002Fv1792943130\u002Fimages\u002Fimage-602_145216a57f7\u002Fimage-602_145216a57f7.png?_i=AA 300w\" sizes=\"auto, (max-width: 1120px) 100vw, 1120px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">TSLA 营收预期：2024年至2028年 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">特斯拉股价尚无法定价的SpaceX交易\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">10月20日，马斯克表示，\u003Cstrong>SpaceX (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=7702894&amp;tid=321424200&amp;ref=q2enxr\">SPCX\u003C\u002Fa>)\u003C\u002Fstrong> 与特斯拉的合并将是一个“好主意”，并且双方已成立特别委员会进行讨论。特斯拉在次日的电话会议上拒绝回答合并相关问题，而SpaceX在10月22日提交的文件中表示，尚未做出任何决定，任何交易都需要其委员会、董事会以及控股股东马斯克本人的批准。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">路透社估计潜在合并价值约为3.5万亿美元。在Breakingviews专栏中，Jonathan Guilford估计特斯拉将贡献合并后价值的41%，而马斯克在SpaceX拥有85%的投票权，相比之下他在特斯拉的持股仅拥有18%的投票权。这一差距正是特斯拉股东面临的核心问题。Guilford认为，在没有现金、可观溢价或投票权的情况下拒绝交易将是理性的选择。包含任何这些条件的条款都将为特斯拉股东换取一些东西；而不包含这些条件的条款将使马斯克以很小的代价获得他在特斯拉所缺乏的控制权。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在委员会拿出具体条款之前，我将根据10月21日显示的情况来判断特斯拉股价：季度自由现金流为15.3亿美元，同时管理层预期未来几年资本支出将持续上升。下一个关键节点是特斯拉预计下个月在达拉斯推出的Cybercab。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-tesla-stock-actually-worth\" class=\"wp-block-heading\">\u003Cbr>那么特斯拉股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\" id=\"h-so-what-is-name-stock-actually-worth\">\u003Cbr>TIKR让你在一分钟内预测任何股票的未来价格。只需在TIKR的估值模型中输入几个假设，就能看到TSLA股票可能的价值。可以从华尔街共识预期开始，或者调整输入参数以反映你对业务的看法。免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">免费为特斯拉公司估值\u003Cstrong>\u003Cem>→\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-disclaimer\" class=\"wp-block-heading\">免责声明：\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR上的文章并非TIKR或我们的内容团队提供的投资或财务建议，也不是买入或卖出任何股票的建议。我们的内容基于TIKR Terminal的投资数据和分析师预估。我们的分析可能未包含近期公司新闻或重要更新。TIKR未持有任何提及股票的头寸。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1250,"zh","\u002Fblog\u002Ftesla-stock-is-down-17-over-the-past-year-buy-now-or-wait-for-merger-terms","tesla-stock-is-down-17-over-the-past-year-buy-now-or-wait-for-merger-terms","images\u002FTSLA-stock-@inkdrop-via-Canva-@Matt-Weissinger-from-Pexels-via-Canva-10\u002FTSLA-stock-@inkdrop-via-Canva-@Matt-Weissinger-from-Pexels-via-Canva-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792932705\u002Fimages\u002FTSLA-stock-@inkdrop-via-Canva-@Matt-Weissinger-from-Pexels-via-Canva-10\u002FTSLA-stock-@inkdrop-via-Canva-@Matt-Weissinger-from-Pexels-via-Canva-10.png?_i=AA",{"altText":236,"imageCredit":237},"Tesla Stock Is Down 17% Over the Past Year. Buy Now or Wait for Merger Terms?","@inkdrop via Canva, @Matt Weissinger from Pexels via Canva",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Gian Estrada","giantikr","author","",[],{"name":245,"slug":246,"role":247,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":248},"David Hanson","davidtikr","editor",[],[250],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":236,"metaDesc":257,"opengraphDescription":257,"twitterTitle":236,"twitterDescription":257},"Tesla stock fell 17% in a year as July’s $1.1 billion cash burn hit. October’s $1.53 billion of free cash flow changed the math. Here’s by how much.",{"title":236,"description":257,"twitterTitle":236,"twitterDescription":257,"author":239,"articlePublisher":259,"articlePublishedTime":226,"articleModifiedTime":226,"twitterLabel1":260,"twitterData1":261,"ogTitle":236,"ogDescription":257,"ogUrl":231,"ogImage":234,"ogImageWidth":262,"ogImageHeight":263,"ogImageSecureUrl":234,"ogImageAlt":236,"twitterImage":234},"TIKR.com","预计阅读时间","1 minute",1200,630,[265,280,295,312,329],{"id":254,"title":266,"date":267,"excerpt":268,"wordCount":269,"uri":270,"slug":271,"cloudinaryAssetId":272,"featuredImageOriginalUrl":273,"featuredImageMetadata":274,"author":275,"categories":277,"relatedPosts":279},"Arm股价上周下跌8%。这与Lam Research有何关联？","2026-10-25 15:40:56","Arm股价单日下跌7.28%，Lam Research的供应预警冲击芯片股。同样的瓶颈制约着Arm价值20亿美元的AGI CPU需求管线。",925,"\u002Fblog\u002Farm-stock-is-down-8-last-week-what-does-lam-research-have-to-do-with-it","arm-stock-is-down-8-last-week-what-does-lam-research-have-to-do-with-it","images\u002Fpondering-man-falling-red-bars\u002Fpondering-man-falling-red-bars","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792795474\u002Fimages\u002Fpondering-man-falling-red-bars\u002Fpondering-man-falling-red-bars.png?_i=AA",{"altText":266},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":276},[],[278],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":281,"date":282,"excerpt":283,"wordCount":284,"uri":285,"slug":286,"cloudinaryAssetId":287,"featuredImageOriginalUrl":288,"featuredImageMetadata":289,"author":290,"categories":292,"relatedPosts":294},"Alphabet股价过去一年上涨26.5%。在320美元价位仍值得买入吗？","2026-10-25 15:24:57","Alphabet股价一年内上涨27%，但仍较5月403美元的历史高点低21%。800亿美元的股票抛售计划与2050亿美元的资本支出计划，解释了这一差距。",1089,"\u002Fblog\u002Falphabet-stock-is-up-26-5-over-the-past-year-still-a-buy-at-320","alphabet-stock-is-up-26-5-over-the-past-year-still-a-buy-at-320","images\u002Fsmiling-man-in-a-tie-rising-green-bars\u002Fsmiling-man-in-a-tie-rising-green-bars","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792780118\u002Fimages\u002Fsmiling-man-in-a-tie-rising-green-bars\u002Fsmiling-man-in-a-tie-rising-green-bars.png?_i=AA",{"altText":281},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":291},[],[293],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":296,"date":297,"excerpt":298,"wordCount":299,"uri":300,"slug":301,"cloudinaryAssetId":302,"featuredImageOriginalUrl":303,"featuredImageMetadata":304,"author":305,"categories":309,"relatedPosts":311},"Amkor上涨4.7%，因与英伟达达成13亿美元新协议凸显封装\"关键作用\"","2026-10-25 15:20:00","当英伟达预先付款时，产能必然吃紧",857,"\u002Fblog\u002Famkor-rises-4-7-on-new-1-3-billion-nvidia-deal-highlighting-the-critical-role-of-packaging","amkor-rises-4-7-on-new-1-3-billion-nvidia-deal-highlighting-the-critical-role-of-packaging","images\u002FFEATURED-IMAGE-MAKER-1818\u002FFEATURED-IMAGE-MAKER-1818","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792252365\u002Fimages\u002FFEATURED-IMAGE-MAKER-1818\u002FFEATURED-IMAGE-MAKER-1818.png?_i=AA",{"altText":296},{"name":306,"slug":307,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":308},"Bobby Sankhagowit","bobby",[],[310],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":313,"date":314,"excerpt":315,"wordCount":316,"uri":317,"slug":318,"cloudinaryAssetId":319,"featuredImageOriginalUrl":320,"featuredImageMetadata":321,"author":322,"categories":326,"relatedPosts":328},"Robinhood上涨3.8%，Rosenblatt首予买入评级，称其为\"一代人的增长故事\"","2026-10-25 15:00:00","价格昂贵，这没错，但只要盈利能兑现，这笔账就算得过来",789,"\u002Fblog\u002Frobinhood-gains-3-8-as-rosenblatt-initiates-at-buy-calls-it-a-generational-growth-story","robinhood-gains-3-8-as-rosenblatt-initiates-at-buy-calls-it-a-generational-growth-story","images\u002FHOOD-stock-@Andrew-Neel-from-Pexels-via-Canva-@Bigc-Studio-via-Canva-1\u002FHOOD-stock-@Andrew-Neel-from-Pexels-via-Canva-@Bigc-Studio-via-Canva-1","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1790754477\u002Fimages\u002FHOOD-stock-@Andrew-Neel-from-Pexels-via-Canva-@Bigc-Studio-via-Canva-1\u002FHOOD-stock-@Andrew-Neel-from-Pexels-via-Canva-@Bigc-Studio-via-Canva-1.png?_i=AA",{"altText":313},{"name":323,"slug":324,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":325},"Rexielyn Diaz","rexietikr",[],[327],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],{"id":254,"title":330,"date":331,"excerpt":332,"wordCount":333,"uri":334,"slug":335,"cloudinaryAssetId":336,"featuredImageOriginalUrl":337,"featuredImageMetadata":338,"author":339,"categories":341,"relatedPosts":343},"Constellation Energy承诺为谷歌提供890兆瓦的升级电力：满足\"日益增长的能源需求\"","2026-10-25 14:00:00","Constellation能源公司获得谷歌3590兆瓦电力合同并上调业绩预期，但今年股价仍下跌30%。",877,"\u002Fblog\u002Fconstellation-energy-pledges-890-mw-of-uprates-for-google-growing-energy-needs","constellation-energy-pledges-890-mw-of-uprates-for-google-growing-energy-needs","images\u002FCEG-stock_14515211fc7\u002FCEG-stock_14515211fc7","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792932577\u002Fimages\u002FCEG-stock_14515211fc7\u002FCEG-stock_14515211fc7.png?_i=AA",{"altText":330},{"name":323,"slug":324,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":340},[],[342],{"name":251,"slug":252,"uri":253,"description":242,"postsCount":254},[],[345,365,380,395,410],{"id":254,"title":346,"date":347,"excerpt":348,"wordCount":349,"uri":350,"slug":351,"cloudinaryAssetId":352,"featuredImageOriginalUrl":353,"featuredImageMetadata":354,"author":355,"categories":359,"relatedPosts":364},"Meta股价在营收超预期后单日下跌7%。是时候卖出还是加仓？","2026-10-24 20:50:00","Meta营收超出预期，但受AI支出担忧冲击科技股影响，股价单日仍下跌7%。财报电话会议披露了Muse成本下降的具体数据。",995,"\u002Fblog\u002Fmeta-stock-fell-7-in-a-day-after-a-revenue-beat-time-to-sell-or-load-up","meta-stock-fell-7-in-a-day-after-a-revenue-beat-time-to-sell-or-load-up","images\u002F13-9_1449699b2ed\u002F13-9_1449699b2ed","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792852857\u002Fimages\u002F13-9_1449699b2ed\u002F13-9_1449699b2ed.png?_i=AA",{"altText":346},{"name":356,"slug":357,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":358},"Wiltone 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20:45:00","Netflix联席CEO表示，其美国剧集在2026年将实现\"二垒打和三垒打\"，而全球市场则需要\"本垒打\"。股价报65.85美元，估值更接近迪士尼而非Spotify，TIKR模型揭示了买家支付的对价。",1008,"\u002Fblog\u002Fnetflix-is-down-nearly-30-in-2026-time-to-sell-or-load-up","netflix-is-down-nearly-30-in-2026-time-to-sell-or-load-up","images\u002F12-9_144968b5caa\u002F12-9_144968b5caa","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792852841\u002Fimages\u002F12-9_144968b5caa\u002F12-9_144968b5caa.png?_i=AA",{"altText":366},{"name":356,"slug":357,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":376},[],[378],{"name":361,"slug":362,"uri":363,"description":242,"postsCount":254},[],{"id":254,"title":381,"date":382,"excerpt":383,"wordCount":384,"uri":385,"slug":386,"cloudinaryAssetId":387,"featuredImageOriginalUrl":388,"featuredImageMetadata":389,"author":390,"categories":392,"relatedPosts":394},"可口可乐股价在创下52周新高后次日下跌。以下是10月27日印度市场为何重要的原因","2026-10-24 20:40:00","可口可乐在10月23日市场普跌中下跌2.76%，此前一天其股价刚创下52周新高。其上份财报显示，亚太地区销量增长最为强劲，但在印度市场份额有所下滑，这将是10月27日（发布新财报时）需要关注的重点。",879,"\u002Fblog\u002Fcoca-cola-stock-fell-a-day-after-a-52-week-high-heres-why-india-matters-on-october-27","coca-cola-stock-fell-a-day-after-a-52-week-high-heres-why-india-matters-on-october-27","images\u002F11-10_14496728c3f\u002F11-10_14496728c3f","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792852801\u002Fimages\u002F11-10_14496728c3f\u002F11-10_14496728c3f.png?_i=AA",{"altText":381},{"name":356,"slug":357,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":391},[],[393],{"name":361,"slug":362,"uri":363,"description":242,"postsCount":254},[],{"id":254,"title":396,"date":397,"excerpt":398,"wordCount":399,"uri":400,"slug":401,"cloudinaryAssetId":402,"featuredImageOriginalUrl":403,"featuredImageMetadata":404,"author":405,"categories":407,"relatedPosts":409},"ServiceNow 欲成安全领域头号玩家 其77.5亿美元收购Armis的交易需在10月28日证明什么","2026-10-24 20:35:00","ServiceNow首席执行官表示，公司已成为第八大企业安全供应商，并立志成为行业第一。为实现这一目标进行的收购已对GAAP利润率造成压力，而10月28日将是他发表该言论后的首份财报发布日。",965,"\u002Fblog\u002Fservicenow-wants-to-be-no-1-in-security-heres-what-its-7-75-billion-armis-bet-must-show-on-october-28","servicenow-wants-to-be-no-1-in-security-heres-what-its-7-75-billion-armis-bet-must-show-on-october-28","images\u002F10-13_1449664c7d7\u002F10-13_1449664c7d7","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792852762\u002Fimages\u002F10-13_1449664c7d7\u002F10-13_1449664c7d7.png?_i=AA",{"altText":396},{"name":356,"slug":357,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":406},[],[408],{"name":361,"slug":362,"uri":363,"description":242,"postsCount":254},[],{"id":254,"title":411,"date":412,"excerpt":413,"wordCount":414,"uri":415,"slug":416,"cloudinaryAssetId":417,"featuredImageOriginalUrl":418,"featuredImageMetadata":419,"author":420,"categories":422,"relatedPosts":424},"艾伯维获FDA批准Skyrizi居家治疗克罗恩病。预计何时将体现在销售额中","2026-10-24 20:30:00","美国食品药品监督管理局于10月23日批准了Skyrizi用于克罗恩病的家庭诱导治疗，这比艾伯维公布第三季度财报早了一周。商业部门负责人杰夫·斯图尔特曾表示，完全付费准入通常需要60至90天，这意味着销售回报将指向2027年初。",914,"\u002Fblog\u002Fabbvie-won-fda-approval-for-at-home-skyrizi-starts-in-crohns-heres-when-it-should-show-up-in-sales","abbvie-won-fda-approval-for-at-home-skyrizi-starts-in-crohns-heres-when-it-should-show-up-in-sales","images\u002F9-14_14496561577\u002F9-14_14496561577","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792852734\u002Fimages\u002F9-14_14496561577\u002F9-14_14496561577.png?_i=AA",{"altText":411},{"name":356,"slug":357,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":421},[],[423],{"name":361,"slug":362,"uri":363,"description":242,"postsCount":254},[]]