特斯拉年营收948亿美元：交付164万辆车，减少7% FSD付费用户达110万人

雷递财经02-01

雷递网雷建平 2月1日特斯拉（Tesla）日前发布截至2025年12月31日的财报。财报显示，特斯拉2025年营收为948.27亿美元，较上同期的976.9亿美元下降3%。其中，特斯拉2025年来自汽车销售收入为695.26亿美元，较上年同期的770.7亿美元下降10%；特斯拉2025年来自储能收入127.71亿美元，较上年同期的100.86亿美元增长27%；来自服务收入125.3亿美元，较上年...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260201155720a6c5c898&s=b><strong>雷递财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>雷递网 雷建平 2月1日特斯拉（Tesla）日前发布截至2025年12月31日的财报。财报显示，特斯拉2025年营收为948.27亿美元，较上同期的976.9亿美元下降3%。其中，特斯拉2025年来自汽车销售收入为695.26亿美元，较上年同期的770.7亿美元下降10%；特斯拉2025年来自储能收入127.71亿美元，较上年同期的100.86亿美元增长27%；来自服务收入125.3亿美元，较上年...</p>\n\n<a 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number of FSD paying users reached 1.1 million","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLS":0.6,"TSLP":0.6,"TSLI":0.6,"TSYY":0.6,"TSL":0.6,"TSLY":0.6,"TSLQ":0.6,"CRSH":0.6,"TSDD":0.6,"TESL":0.6,"07766":0.6,"TSLT":0.6,"TSLO":0.6,"TSLA":1.98,"TSLZ":0.6,"TSII":0.6,"TSLR":0.6,"TSLG":0.6,"TSLW":0.6},"content_text":"雷递网 雷建平 2月1日特斯拉（Tesla）日前发布截至2025年12月31日的财报。财报显示，特斯拉2025年营收为948.27亿美元，较上同期的976.9亿美元下降3%。其中，特斯拉2025年来自汽车销售收入为695.26亿美元，较上年同期的770.7亿美元下降10%；特斯拉2025年来自储能收入127.71亿美元，较上年同期的100.86亿美元增长27%；来自服务收入125.3亿美元，较上年同期的105.34亿美元增长19%。特斯拉首席执行官埃隆·马斯克在公司第四季度财报电话会议上表示，“我们正真正迈向一个基于自动驾驶的未来。”分析认为，马斯克的这番言论实际上标志着特斯拉已经跨越了卢比孔河，为特斯拉从一家汽车公司转型为一家人工智能赋能的未来奠定了基础。特斯拉未来增长计划的重要组成部分是新建六条生产线，用于生产诸如Cybercab自动驾驶出租车和Optimus机器人等新产品。但这同时也意味着公司将停产两款最重要的产品——特斯拉Model S和Model X。马斯克在电话会议上表示，“现在是时候让Model S和Model X项目光荣退役了……这是我们向自动驾驶未来整体转型的一部分。”特斯拉车辆工程副总裁、马斯克的得力助手之一拉尔斯·莫拉维表示，“你必须开始将我们视为一种交通出行服务供应商，而不仅仅是关注已售车辆的潜在市场。”Q4营收249亿美元 同比降3%特斯拉2025年第四季度营收249亿美元，较上年同期的257亿美元降3%。其中，特斯拉2025年第四季度来自汽车销售收入为176.93亿美元，较上年同期的197.98亿美元下降11%；特斯拉2025年第四季度来自储能收入为38.37亿美元，较上年同期的30.61亿美元增长25%；来自服务的收入为33.71亿美元，较上年同期的28.48亿美元增长18%。Q4交付418,277辆车 同比减少16%特斯拉2025年一共生产1,654,667辆车，较上年同期的生产1,773,443辆车减少7%；其中，Model 3/Y生产1,600,767辆车，较上年同期的1,679,338辆车减少5%。特斯拉2025年一共交付1,636,129辆车，较上年同期的1,789,226辆车减少9%；其中，Model 3/Y交付1,585,279辆车，较上年同期的交付1,704,093辆车减少7%。特斯拉2025年第四季度一共生产434,358辆车，较上年同期的459,445辆车减少5%；其中，Model 3/Y生产422,652辆车，较上年同期的436,718辆车减少3%；生产其他类型的车11,706辆车，较上年同期的22,727辆车减少48%。特斯拉2025年第四季度一共交付418,277辆车，较上年同期的495,570辆车减少16%；其中，Model 3/Y交付406,585辆车，较上年同期的471,930辆车减少14%；其他类型的车交付11,642辆车，较上年同期的23,640辆车减少51%。Q4运营利润14亿美元 同比降11%特斯拉2025年第四季度毛利为50.09亿美元，较上年同期的41.79亿美元增长20%；毛利率为20.1%，较上年同期的16.3%提升了3.86个百分点。特斯拉2025年第四季度运营利润为14.09亿美元，较上年同期的15.83亿美元下降11%；运营利润率为5.7%，上年同期为6.2%；Adjusted EBITDA为41.54亿美元，较上年同期的43.33亿美元下降4%；Adjusted EBITDA率为16.7%。特斯拉2025年第四季度资本支出为-23.93亿美元，自由现金流为14.2亿美元。全力投入FSD付费用户已达110万驾驶像Model S这样的汽车并非未来，但让汽车驾驶你才是未来。特斯拉首次公开宣布，其全自动驾驶（FSD）业务的付费用户已达110万。特斯拉正全力投入FSD，力求让尽可能多的车辆搭载该软件。正如马斯克早些时候透露的那样，也意味着FSD将仅以订阅形式提供，同时销售价格更低的车型，例如标准版Model 3和Model Y，以扩大其用户覆盖范围。而这些车辆最终可能会加入特斯拉的无人驾驶出租车网络，这正是马斯克的梦想。马斯克表示，特斯拉目前在奥斯汀和旧金山湾区拥有约500辆无人驾驶出租车。特斯拉逐步取消安全驾驶员的进程虽然缓慢，但马斯克表示这一进程将会加快。特斯拉高管称，“特斯拉必须在这个领域加速基础设施建设，才能满足自动驾驶出租车和自动驾驶汽车的需求。我们预计凭借这一网络，我们将是唯一一家能够以所需速度扩展规模，应对即将到来的自动驾驶浪潮的公司。”截至2025年12月31日，特斯拉持有的现金及现金等价物、投资为440.59亿美元。截至周五收盘，特斯拉股味430.41美元，市值为1.615万亿美元。——————————————雷递由媒体人雷建平创办，若转载请写明来源。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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