2025，，哈哈哈_老虎社区_美港股上老虎

2025，，哈哈哈

单车利润暴跌40%！特斯拉盈利大幅缩水：市值与业绩严重脱节

纵观特斯拉2018至2025年的单车盈利走势，整体呈现大起大落的态势。2018至2019年，特斯拉单车业务持续处于亏损状态，后续依托车型升级迭代实现扭亏为盈，并在2022年创下9500美元的单车净利润历史新高，登顶全球车企盈利榜首。产品结构失衡是特斯拉盈利下滑的核心症结。不仅如此，特斯拉全力布局的无人驾驶业务持续拖累财报。当下特斯拉业绩持续走弱，资本市场却依旧给予其超高估值，市值与基本面严重脱节。

单车利润暴跌40%！特斯拉盈利大幅缩水：市值与业绩严重脱节

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09:49","market":"sh","language":"zh","title":"单车利润暴跌40%！特斯拉盈利大幅缩水：市值与业绩严重脱节","url":"https://stock-news.laohu8.com/highlight/detail?id=2651160900","media":"快科技","summary":"纵观特斯拉2018至2025年的单车盈利走势，整体呈现大起大落的态势。2018至2019年，特斯拉单车业务持续处于亏损状态，后续依托车型升级迭代实现扭亏为盈，并在2022年创下9500美元的单车净利润历史新高，登顶全球车企盈利榜首。产品结构失衡是特斯拉盈利下滑的核心症结。不仅如此，特斯拉全力布局的无人驾驶业务持续拖累财报。当下特斯拉业绩持续走弱，资本市场却依旧给予其超高估值，市值与基本面严重脱节。","content":"<html><body><p>快科技7月13日消息，数据显示，2025年<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>全球交付163.6万辆整车，全年GAAP净利润仅38亿美元，相较2024年71亿美元的净利润，大幅下滑46%，盈利规模近乎腰斩。</p><p>其单车利润从2024年的约3969美元骤降至约2323美元，降幅达41%。</p><p>纵观特斯拉2018至2025年的单车盈利走势，整体呈现大起大落的态势。2018至2019年，特斯拉单车业务持续处于亏损状态，后续依托车型升级迭代实现扭亏为盈，并在2022年创下9500美元的单车净利润历史新高，登顶全球车企盈利榜首。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>但巅峰过后盈利持续疲软，至2025年单车利润仅剩2140美元，三年间利润缩水超七成，行业盈利优势彻底消退。</p><p>产品结构失衡是特斯拉盈利下滑的核心症结。品牌以往依仗Model S、Model X两款高端车型赚取高额利润，而目前两款车型已全面停产；重磅新品赛博皮卡市场表现惨淡，销量不及预期，仅靠内部采购勉强维持出货基数。</p><p>现阶段特斯拉销量增长完全依赖欧洲市场的平价Model 3、Model Y车型，低价走量的销售模式，大幅压缩了单车盈利空间。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>不仅如此，特斯拉全力布局的无人驾驶业务持续拖累财报。公司倾力研发Cybercab自动驾驶出租车，叠加FSD智能驾驶系统的持续高额投入，巨额研发与量产成本不断侵蚀企业利润，且自动驾驶商业化落地仍存在诸多未知风险。</p><p>当下特斯拉业绩持续走弱，资本市场却依旧给予其超高估值，市值与基本面严重脱节。身处发展关键拐点的特斯拉，能否依靠新技术、新车型逆转盈利颓势，还有待后续财报验证。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p></body></html>","source":"ifeng_tech","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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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单车利润暴跌40%！特斯拉盈利大幅缩水：市值与业绩严重脱节\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-13 09:49 北京时间&nbsp;&nbsp;&nbsp;<a href=https://tech.ifeng.com/c/8uimHH2Nj5V><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技7月13日消息，数据显示，2025年特斯拉全球交付163.6万辆整车，全年GAAP净利润仅38亿美元，相较2024年71亿美元的净利润，大幅下滑46%，盈利规模近乎腰斩。其单车利润从2024年的约3969美元骤降至约2323美元，降幅达41%。纵观特斯拉2018至2025年的单车盈利走势，整体呈现大起大落的态势。2018至2019年，特斯拉单车业务持续处于亏损状态，后续依托车型升级迭代实现...</p>\n\n<a href=\"https://tech.ifeng.com/c/8uimHH2Nj5V\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","TSLQ":"2倍做空TSLA ETF-Tradr","BK4550":"红杉资本持仓","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","TSLR":"2倍做多TSLA ETF-GraniteShares","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","LIT":"Global X Lithium & Battery Tech ETF","TSLS":"1倍做空TSLA ETF-Direxion","BK4551":"寇图资本持仓","LU2063271972.USD":"富兰克林创新领域基金","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL 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