特斯拉的“印钞机”：不在公路上，而在电网里_老虎社区_美港股上老虎

特斯拉的“印钞机”：不在公路上，而在电网里

汽车产业前线观察01-30

当全世界都在讨论Model Y销量下滑、Cybertruck无人问津、Optimus机器人还在递水时，特斯拉悄悄干了一件更赚钱的事：2025年第四季度，能源存储业务单季部署量达14.1 GWh，创历史新高；毛利润高达11亿美元，连续第五个季度刷新纪录。更惊人的是：全球已有超100万套Powerwall家用电池在运行，每年为用户省下约10亿美元电费。而支撑这一切的，是那些静静矗立在电网边缘的——...

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grid","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLO":0.6,"CRSH":0.6,"TESL":0.6,"TSLS":0.6,"TSII":0.6,"TSLW":0.6,"TSLZ":0.6,"TSLR":0.6,"TSLG":0.6,"TSLP":0.6,"TSLT":0.6,"TSLY":0.6,"TSLI":0.6,"TSDD":0.6,"TSLA":1.98,"07766":0.6,"TSL":0.6,"TSYY":0.6,"TSLQ":0.6},"content_text":"当全世界都在讨论Model Y销量下滑、Cybertruck无人问津、Optimus机器人还在递水时，特斯拉悄悄干了一件更赚钱的事：2025年第四季度，能源存储业务单季部署量达14.1 GWh，创历史新高；毛利润高达11亿美元，连续第五个季度刷新纪录。更惊人的是：全球已有超100万套Powerwall家用电池在运行，每年为用户省下约10亿美元电费。而支撑这一切的，是那些静静矗立在电网边缘的——Megapack巨型储能集装箱“马斯克真正的‘印钞机’，不在公路上，而在电网里。”01 汽车失速，能源狂奔：特斯拉的“第二曲线”已成2025年，特斯拉汽车业务遭遇寒流：— Model 3/Y产品老化，缺乏爆款；— Cybertruck交付惨淡，沦为“展厅玩具”；— FSD进展缓慢，Robotaxi遥遥无期。与此同时，其能源板块却逆势高飞：Megapack订单排到2027年，客户从加州公用事业公司，扩展到AI数据中心巨头。为什么？因为AI正在吞噬电力。一个大型AI训练集群，日均耗电堪比一座小型城市。而电网无法瞬间扩容，于是——Megapack成了“电力缓冲器”。它在夜间低价充电，白天高价放电，既平抑电价波动，又保障数据中心7×24小时稳定供电。02 转折：从“电动车公司”到“能源基础设施商”很多人仍把特斯拉当作汽车公司，但它的野心早已超越四个轮子。如今的特斯拉能源生态，已形成完整闭环：️发电端：太阳能屋顶 + 光伏电站存储端：家用Powerwall + 工业Megapack应用端：Supercharger超充站（部分已实现完全离网）以加州Lost Hills超充站为例：全球最大，由太阳能农场 + Megapack电池供电，不依赖任何外部电网——这不仅是技术秀，更是未来能源网络的微型样板。03 金句点睛：AI吃电，特斯拉“卖饭”讽刺的是，马斯克押注的AI与机器人，恰恰成了能源业务的最大推手。英伟达、微软、Meta们疯狂建AI数据中心，每座都像“电力黑洞”。而特斯拉不卖芯片，不写算法，只提供最底层的解决方案：“你负责烧电，我负责供能。”“当别人在卷大模型参数，特斯拉在卷电池密度——后者才是AI时代的水电煤。”这种定位，让特斯拉避开了消费市场的价格战，直接切入B2B基础设施赛道，毛利率更高，客户粘性更强，且政策风险更低。04 案例深挖：Megapack如何改变电网游戏规则？在澳大利亚，特斯拉Megapack帮助维多利亚州电网在极端高温下避免大范围停电；在美国德州，它让风电场在无风夜晚仍能持续供电；在中国内蒙古，它配合光伏电站，将弃光率从15%降至3%以下。这些项目看似“传统”，却是能源转型的真实刚需。相比炫酷但遥远的机器人，Megapack今天就能赚钱、省钱、保安全。05 未来展望：能源，才是特斯拉的终极护城河马斯克曾说：“可持续能源是特斯拉的使命。”过去人们以为这只是口号，如今才明白——汽车只是入口，能源才是终局随着全球碳中和加速，储能市场将以30%+年增速扩张。而特斯拉凭借：— 自研电芯与BMS系统；— 规模化制造能力（内华达工厂年产数万套）；— 软件调度平台（Autobidder智能交易系统），已构筑起难以逾越的壁垒。反观汽车业务，即便FSD成功，也难逃硬件同质化与价格战；而能源业务，正成为特斯拉最稳定、最性感的现金牛。结语：真正的颠覆，往往静默无声我们总被自动驾驶、人形机器人吸引，却忽略了那些没有轮子、不会说话的铁箱子——它们正默默重塑全球能源格局。特斯拉的故事，或许从来就不是关于车，而是关于如何让人类更高效地使用能源。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":527232798843456,"gmtCreate":1769727193670,"gmtModify":1769727195960,"author":{"id":"3546249304196282","authorId":"3546249304196282","name":"火火兔爸","avatar":"https://static.tigerbbs.com/1914631c23e50a7645217a36cc9d9598","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":9,"crmLevelSwitch":1,"idStr":"3546249304196282","authorIdStr":"3546249304196282"},"htmlText":"故障频出，澳大利亚销量下滑","listText":"故障频出，澳大利亚销量下滑","text":"故障频出，澳大利亚销量下滑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/527232798843456","repostId":2607269032,"repostType":2,"repost":{"id":"2607269032","kind":"news","pubTimestamp":1769702499,"share":"https://www.laohu8.com/m/news/2607269032?lang=zh_CN&edition=full","pubTime":"2026-01-30 00:01","market":"us","language":"zh","title":"特斯拉的“印钞机”：不在公路上，而在电网里","url":"https://stock-news.laohu8.com/highlight/detail?id=2607269032","media":"汽车产业前线观察","summary":"而支撑这一切的，是那些静静矗立在电网边缘的——Megapack巨型储能集装箱“马斯克真正的‘印钞机’，不在公路上，而在电网里。”03 金句点睛：AI吃电，特斯拉“卖饭”讽刺的是，马斯克押注的AI与机器人，恰恰成了能源业务的最大推手。反观汽车业务，即便FSD成功，也难逃硬件同质化与价格战；而能源业务，正成为特斯拉最稳定、最性感的现金牛。特斯拉的故事，或许从来就不是关于车，而是关于如何让人类更高效地使用能源。","content":"<html><body><article><img src=\"https://fid-75186.picgzc.qpic.cn/20260130002253477v206jfrdkp2lpl9\"/><p>当全世界都在讨论Model Y销量下滑、Cybertruck无人问津、Optimus机器人还在递水时，</p><p><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>悄悄干了一件更赚钱的事：</p><p>2025年第四季度，能源存储业务单季部署量达14.1 GWh，创历史新高；</p><p>毛利润高达11亿美元，连续第五个季度刷新纪录。</p><p>更惊人的是：</p><p>全球已有超100万套Powerwall家用电池在运行，每年为用户省下约10亿美元电费。</p><p>而支撑这一切的，是那些静静矗立在电网边缘的——</p><p>Megapack巨型储能集装箱</p><p>“马斯克真正的‘印钞机’，不在公路上，而在电网里。”</p><p><strong>01 汽车失速，能源狂奔：特斯拉的“第二曲线”已成</strong></p><p>2025年，特斯拉汽车业务遭遇寒流：</p><p>— Model 3/Y产品老化，缺乏爆款；</p><p>— Cybertruck交付惨淡，沦为“展厅玩具”；</p><p>— FSD进展缓慢，Robotaxi遥遥无期。</p><p>与此同时，其能源板块却逆势高飞：</p><p>Megapack订单排到2027年，客户从加州公用事业公司，扩展到AI数据中心巨头。</p><p>为什么？</p><p>因为AI正在吞噬电力。</p><p>一个大型AI训练集群，日均耗电堪比一座小型城市。</p><p>而电网无法瞬间扩容，于是——</p><p>Megapack成了“电力缓冲器”。</p><p>它在夜间低价充电，白天高价放电，既平抑电价波动，又保障数据中心7×24小时稳定供电。</p><p><strong>02 转折：从“电动车公司”到“能源基础设施商”</strong></p><p>很多人仍把特斯拉当作汽车公司，但它的野心早已超越四个轮子。</p><p>如今的特斯拉能源生态，已形成完整闭环：</p><p>️发电端：太阳能屋顶 + 光伏电站</p><p>存储端：家用Powerwall + 工业Megapack</p><p>应用端：Supercharger超充站（部分已实现完全离网）</p><p>以加州Lost Hills超充站为例：</p><p>全球最大，由太阳能农场 + Megapack电池供电，不依赖任何外部电网——</p><p>这不仅是技术秀，更是未来能源网络的微型样板。</p><p><strong>03 金句点睛：AI吃电，特斯拉“卖饭”</strong></p><p>讽刺的是，马斯克押注的AI与机器人，恰恰成了能源业务的最大推手。</p><p><a href=\"https://laohu8.com/S/NVDA\">英伟达</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/META\">Meta</a>们疯狂建AI数据中心，每座都像“电力黑洞”。</p><p>而特斯拉不卖芯片，不写算法，只提供最底层的解决方案：</p><p>“你负责烧电，我负责供能。”</p><p>“当别人在卷大模型参数，特斯拉在卷电池密度——后者才是AI时代的水电煤。”</p><p>这种定位，让特斯拉避开了消费市场的价格战，直接切入B2B基础设施赛道，</p><p>毛利率更高，客户粘性更强，且政策风险更低。</p><p><strong>04 案例深挖：Megapack如何改变电网游戏规则？</strong></p><p>在澳大利亚，特斯拉Megapack帮助<a href=\"https://laohu8.com/S/VCP.UK\">维多利亚</a>州电网在极端高温下避免大范围停电；</p><p>在美国德州，它让风电场在无风夜晚仍能持续供电；</p><p>在中国内蒙古，它配合光伏电站，将弃光率从15%降至3%以下。</p><p>这些项目看似“传统”，却是能源转型的真实刚需。</p><p>相比炫酷但遥远的机器人，Megapack今天就能赚钱、省钱、保安全。</p><p><strong>05 未来展望：能源，才是特斯拉的终极护城河</strong></p><p>马斯克曾说：“可持续能源是特斯拉的使命。”</p><p>过去人们以为这只是口号，如今才明白——</p><p>汽车只是入口，能源才是终局</p><p>随着全球碳中和加速，储能市场将以30%+年增速扩张。</p><p>而特斯拉凭借：</p><p>— 自研电芯与BMS系统；</p><p>— 规模化制造能力（内华达工厂年产数万套）；</p><p>— 软件调度平台（Autobidder智能交易系统），</p><p>已构筑起难以逾越的壁垒。</p><p>反观汽车业务，即便FSD成功，也难逃硬件同质化与价格战；</p><p>而能源业务，正成为特斯拉最稳定、最性感的现金牛。</p><p><strong>结语：真正的颠覆，往往静默无声</strong></p><p>我们总被自动驾驶、人形机器人吸引，却忽略了那些没有轮子、不会说话的铁箱子——</p><p>它们正默默重塑全球能源格局。</p><p>特斯拉的故事，或许从来就不是关于车，而是关于如何让人类更高效地使用能源。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>特斯拉的“印钞机”：不在公路上，而在电网里</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .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\">\n特斯拉的“印钞机”：不在公路上，而在电网里\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-30 00:01 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026013000230497a406fa&s=b><strong>汽车产业前线观察</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>当全世界都在讨论Model Y销量下滑、Cybertruck无人问津、Optimus机器人还在递水时，特斯拉悄悄干了一件更赚钱的事：2025年第四季度，能源存储业务单季部署量达14.1 GWh，创历史新高；毛利润高达11亿美元，连续第五个季度刷新纪录。更惊人的是：全球已有超100万套Powerwall家用电池在运行，每年为用户省下约10亿美元电费。而支撑这一切的，是那些静静矗立在电网边缘的——...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026013000230497a406fa&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) 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AT Acc"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026013000230497a406fa&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2607269032","content_text":"当全世界都在讨论Model Y销量下滑、Cybertruck无人问津、Optimus机器人还在递水时，特斯拉悄悄干了一件更赚钱的事：2025年第四季度，能源存储业务单季部署量达14.1 GWh，创历史新高；毛利润高达11亿美元，连续第五个季度刷新纪录。更惊人的是：全球已有超100万套Powerwall家用电池在运行，每年为用户省下约10亿美元电费。而支撑这一切的，是那些静静矗立在电网边缘的——Megapack巨型储能集装箱“马斯克真正的‘印钞机’，不在公路上，而在电网里。”01 汽车失速，能源狂奔：特斯拉的“第二曲线”已成2025年，特斯拉汽车业务遭遇寒流：— Model 3/Y产品老化，缺乏爆款；— Cybertruck交付惨淡，沦为“展厅玩具”；— FSD进展缓慢，Robotaxi遥遥无期。与此同时，其能源板块却逆势高飞：Megapack订单排到2027年，客户从加州公用事业公司，扩展到AI数据中心巨头。为什么？因为AI正在吞噬电力。一个大型AI训练集群，日均耗电堪比一座小型城市。而电网无法瞬间扩容，于是——Megapack成了“电力缓冲器”。它在夜间低价充电，白天高价放电，既平抑电价波动，又保障数据中心7×24小时稳定供电。02 转折：从“电动车公司”到“能源基础设施商”很多人仍把特斯拉当作汽车公司，但它的野心早已超越四个轮子。如今的特斯拉能源生态，已形成完整闭环：️发电端：太阳能屋顶 + 光伏电站存储端：家用Powerwall + 工业Megapack应用端：Supercharger超充站（部分已实现完全离网）以加州Lost Hills超充站为例：全球最大，由太阳能农场 + Megapack电池供电，不依赖任何外部电网——这不仅是技术秀，更是未来能源网络的微型样板。03 金句点睛：AI吃电，特斯拉“卖饭”讽刺的是，马斯克押注的AI与机器人，恰恰成了能源业务的最大推手。英伟达、微软、Meta们疯狂建AI数据中心，每座都像“电力黑洞”。而特斯拉不卖芯片，不写算法，只提供最底层的解决方案：“你负责烧电，我负责供能。”“当别人在卷大模型参数，特斯拉在卷电池密度——后者才是AI时代的水电煤。”这种定位，让特斯拉避开了消费市场的价格战，直接切入B2B基础设施赛道，毛利率更高，客户粘性更强，且政策风险更低。04 案例深挖：Megapack如何改变电网游戏规则？在澳大利亚，特斯拉Megapack帮助维多利亚州电网在极端高温下避免大范围停电；在美国德州，它让风电场在无风夜晚仍能持续供电；在中国内蒙古，它配合光伏电站，将弃光率从15%降至3%以下。这些项目看似“传统”，却是能源转型的真实刚需。相比炫酷但遥远的机器人，Megapack今天就能赚钱、省钱、保安全。05 未来展望：能源，才是特斯拉的终极护城河马斯克曾说：“可持续能源是特斯拉的使命。”过去人们以为这只是口号，如今才明白——汽车只是入口，能源才是终局随着全球碳中和加速，储能市场将以30%+年增速扩张。而特斯拉凭借：— 自研电芯与BMS系统；— 规模化制造能力（内华达工厂年产数万套）；— 软件调度平台（Autobidder智能交易系统），已构筑起难以逾越的壁垒。反观汽车业务，即便FSD成功，也难逃硬件同质化与价格战；而能源业务，正成为特斯拉最稳定、最性感的现金牛。结语：真正的颠覆，往往静默无声我们总被自动驾驶、人形机器人吸引，却忽略了那些没有轮子、不会说话的铁箱子——它们正默默重塑全球能源格局。特斯拉的故事，或许从来就不是关于车，而是关于如何让人类更高效地使用能源。","news_type":1,"symbols_score_info":{"TSLO":0.6,"CRSH":0.6,"TESL":0.6,"TSLS":0.6,"TSII":0.6,"TSLW":0.6,"TSLZ":0.6,"TSLR":0.6,"TSLG":0.6,"TSLP":0.6,"TSLT":0.6,"TSLY":0.6,"TSLI":0.6,"TSDD":0.6,"TSLA":1.98,"07766":0.6,"TSL":0.6,"TSYY":0.6,"TSLQ":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}