特斯拉或将被合并！

WBusiness商业02-20

图片/CEOBIZ作者：财哥来源：CEO商业评论（ID：ceobiz）电动汽车巨头特斯拉可能要被合并了。这可不是空穴来风，种种迹象表明，这事儿发生的可能性还挺高。马斯克手里的另一家公司SpaceX，刚刚和一家人工智能公司xAI正式官宣合并了。两家一联手，市场的目光自然就瞄向了马斯克的“现金奶牛”——特斯拉。01 “太空算力+AI+机器人”铁三角很多人开始琢磨，这“三兄弟”是不是早晚也要抱成一团，...

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老汉特朗普
02-21
老汉特朗普
不会合并的，合并了，马斯克岂不是亏大了，自己的实控企业让别人控制，那不是很快被踢出去

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merged!","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRSH":0.6,"TLA":0.6,"TSLZ":0.6,"TSLA":1.97,"TSLO":0.6,"TSLR":0.6,"TSLY":0.6,"TEST":0.6,"TSL":0.6,"07766":0.6,"TSYY":0.6,"TESL":0.6,"TSLI":0.6,"TSLS":0.6,"TSLP":0.6,"TSLG":0.6,"TSLW":0.6,"TSDD":0.6,"TSII":0.6,"TSLQ":0.6,"TSLT":0.6},"content_text":"图片/CEOBIZ作者：财哥来源：CEO商业评论（ID：ceobiz）电动汽车巨头特斯拉可能要被合并了。这可不是空穴来风，种种迹象表明，这事儿发生的可能性还挺高。马斯克手里的另一家公司SpaceX，刚刚和一家人工智能公司xAI正式官宣合并了。两家一联手，市场的目光自然就瞄向了马斯克的“现金奶牛”——特斯拉。01 “太空算力+AI+机器人”铁三角很多人开始琢磨，这“三兄弟”是不是早晚也要抱成一团，形成一个“太空算力+AI+机器人”的铁三角。说白了，SpaceX管太空算力，xAI管人工智能的“大脑”算法，特斯拉则负责把技术变成实实在在的东西，比如机器人、自动驾驶汽车，在地上用。为啥说特斯拉自己可能也想“合”呢？主要是因为它的愿景和市场环境变了。特斯拉自己早就不甘心只当个造车的了。有投行分析，它现在更像一家“AI+机器人”的公司。为了这个转型，2026年准备砸下的钱是去年的两倍，重点就花在三件事上：量产机器人、研发AI芯片和搞自动驾驶的数据中心。造车反而有点像它展示这些高科技的一个“壳子”，不是重点目标了。一个很明显的信号是，特斯拉最近把曾经撑门面的两款旗舰车型Model S和Model X都给永久停产了。这可不是因为卖不出去，而是要把生产线腾出来，改造成专门生产名叫“Optimus”的人形机器人的工厂。马斯克对这个机器人的期待，比电动车高得多，他认为部分业务未来会是公司最值钱的部分。但要实现机器人量产的大目标，光靠特斯拉自己肯定不够，得和另外两家兄弟公司共享技术、算力甚至供应链才行。02 卖车遇到了点麻烦特斯拉眼下也确实有点压力。老本行卖车遇到了点麻烦。看它公布的业绩就能发现：2025年，卖车的收入比前一年少了百分之十，总的利润更是大幅下滑。更直观的是，它的年度销量头一回被老对手比亚迪给超过了。电动车市场的竞争越来越“卷”，大家比的东西都差不多，而特斯拉以前的技术优势也在被追赶。这就搞得它有点两头难顾：一边要应付激烈的车市竞争，一边还得往机器人、AI这些前沿新领域砸大钱。这种竞争格局不符合马斯克的第一性原理，特斯拉的调整改变是必然的。03 高管纷纷调整特斯拉内部最近不太平，好些关键部门的高管都离开了。从2025年春天算起，超过13位掌握着核心业务——比如电池、软件、充电网络、车型开发——的高管先后离职。这些人里不少都是跟着公司成长了十年以上的元老，参与过建造超级工厂、研发自动驾驶系统这些奠定特斯拉今天地位的标志性项目。高端人才的纷纷离开一个原因是公司战略重心的“乾坤大挪移”，让一些员工和高管感到迷茫或边缘化。马斯克把大量的资源和注意力，投向了人工智能、人形机器人Optimus、完全自动驾驶的Robotaxi出租车这些更前沿、也更需要长期投入的领域。这样一来，传统的汽车制造和销售业务，在公司的地位自然有所变化。04 股东的态度特斯拉如何合并，最重要的要看股东的态度。特斯拉目前的市值高得吓人。之所以给它这么高的估值，投资者就下注它在AI和机器人的未来。如果特斯拉和SpaceX、xAI联手，反而能把未来的饼做得更大，股东手里的股票才可能更值钱。市值越高，马斯克的天价薪酬才能领到。马斯克本人对公司有很强的控制力，他的战略意图往往是决定性的。总的来看，电动车行业的“内卷战场”已经装不下马斯克更大的野心了。从停产旗舰车，到全力押注AI和机器人，再到可能的三方合并，这条主线越来越清晰：他想打造的，远远不止一家车企，而是一个横跨太空、人工智能和地面应面的超级科技帝国。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[{"id":534874584814784,"gmtCreate":1771605503892,"gmtModify":1771605506701,"author":{"id":"4123405616306630","authorId":"4123405616306630","name":"老汉特朗普","avatar":"https://static.tigerbbs.com/ec196b433dc612e52ea1090eb6da3271","vip":1,"crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"4123405616306630","idStr":"4123405616306630"},"htmlText":"不会合并的，合并了，马斯克岂不是亏大了，自己的实控企业让别人控制，那不是很快被踢出去","listText":"不会合并的，合并了，马斯克岂不是亏大了，自己的实控企业让别人控制，那不是很快被踢出去","text":"不会合并的，合并了，马斯克岂不是亏大了，自己的实控企业让别人控制，那不是很快被踢出去","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/534874584814784","repostId":2612267888,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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