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返水叔叔
特斯拉近期因发布搭载冷气推进系统的第二代Roadster引发市场狂欢,这款能“飞”的新车与投资者对财报的乐观预期形成共振。然而,现实可能比情绪更冷静。
尽管Q1财报曾全面超预期,但市场普遍预期Q3盈利将同比下滑,营收预计降至约279亿美元。大摩虽将目标价看至400美元,但维持“中性”评级,并警示全年自由现金流或净消耗117亿美元。真正的考验在于:Roadster与Robotaxi能否从技术噱头转化为实打实的利润。技术“能飞”是锦上添花,但短期财报的盈利压力,才是检验特斯拉估值泡沫的试金石。#特斯拉交付超预期后盈利修复成焦点 $TSLA


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