<p>在唐纳德·特朗普上周当选后经历了一轮戏剧性的牛市后，<strong>特斯拉</strong>（TSLA -6.11%）的股价今天终于开始降温，随着 <strong>标准普尔 500 指数</strong> 的首次下跌，股价回落至更广泛的抛售趋势中。</p>
<p>虽然没有关于特斯拉的重大公司新闻，但 <strong>赫兹全球</strong> 再次提供了证据，表明电动车（EV）的需求并没有像看涨者所希望的那样强劲。投资者似乎在质疑该股的估值，因为在选举后的四个交易日内，股价几乎上涨了 40%。</p>
<p>截至东部时间下午 2:56，该股下跌了 5%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTc2MDYvdGVzbGEtbW9kZWwtMy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTc2MDYvdGVzbGEtbW9kZWwtMy5qcGcmdz03MDA"/></p>
<p>图片来源：特斯拉。</p>
<h2>特斯拉耗尽动力</h2>
<p>唯一可能直接影响股价的消息是赫兹宣布其继续看到电动车的需求疲软，并将在年底前出售 30,000 辆电动车。相关地，J.D. Power 预测，未来两年将有大量电动车从租赁中退市，到今年年底将达到 65,600 辆，到 2026 年将达到 215,000 辆。</p>
<p>然而，今天抛售的主要原因似乎与情绪和估值有关，因为特斯拉的激增并没有给业务带来明显的好处，随着市场的整体回调，投资者似乎在说选举后的反弹已经失去了动力。</p>
<h2>特斯拉值得购买吗？</h2>
<p>在选举后，特斯拉的股价飙升，因为首席执行官埃隆·马斯克与特朗普紧密相连，但尚不清楚获得总统的青睐是否会对他的电动车公司带来好处。</p>
<p>毕竟，特朗普在竞选中提出要取消电动车和其他清洁能源项目的税收抵免，而马斯克本人也抱怨说，价格可承受性是阻碍特斯拉及更广泛电动车获得更多市场份额的最大因素之一。失去这一抵免，价值高达 7,500 美元的特斯拉部分车型将显然对公司产生负面影响。</p>
<p>投资者最终希望特朗普政府能够放宽关于自动驾驶的规定，使特斯拉更容易推出其新的机器人出租车或网络出租车，但安全性和公众认知将是对这些车辆的最关键考验。如果它们导致事故，而特斯拉被认为从政府那里获得了特殊待遇，这将可能对其声誉造成灾难性影响。</p>
<p>尽管马斯克与特朗普关系密切，但公司仍然面临许多不确定性，股价的交易倍数也很高。如果与特朗普相关的理论未能实现，特斯拉的股价可能会大幅下跌。</p>

特斯拉

<p>特斯拉股票正在经历回调，因市场整体下跌而下跌 5%，此前在选举后经历了显著的反弹。此次下跌归因于对电动车需求的担忧，因为赫兹宣布销售疲软，并计划出售 30,000 辆电动车。投资者对特斯拉的估值产生质疑，因为其股价在没有明确商业利益的情况下上涨了近 40%。关于特朗普政府对电动车税收抵免和监管的潜在影响仍存在不确定性，这导致市场对该股票未来表现的猜测</p>

<p>After a dramatic bull run following the election of Donald Trump last week, <strong>Tesla</strong>(TSLA -6.11%) shares are finally cooling off today, pulling back in line with a broader sell-off as the <strong>S&amp;P 500</strong> is headed for its first decline since the election.</p>
<div class="lb-trans"><p>在唐纳德·特朗普上周当选后经历了一轮戏剧性的牛市后，<strong>特斯拉</strong>（TSLA -6.11%）的股价今天终于开始降温，随着 <strong>标准普尔 500 指数</strong> 的首次下跌，股价回落至更广泛的抛售趋势中。</p>
</div><p>There was no major company-specific news out on Tesla, though <strong>Hertz Global</strong> again offered evidence that demand for electric vehicles (EVs) isn't as strong as bulls have hoped. Investors appear to be questioning the valuation after the stock jumped nearly 40% over the four sessions after the election.</p>
<div class="lb-trans"><p>虽然没有关于特斯拉的重大公司新闻，但 <strong>赫兹全球</strong> 再次提供了证据，表明电动车（EV）的需求并没有像看涨者所希望的那样强劲。投资者似乎在质疑该股的估值，因为在选举后的四个交易日内，股价几乎上涨了 40%。</p>
</div><p>As of 2:56 p.m. ET, the stock was down 5%.</p>
<div class="lb-trans"><p>截至东部时间下午 2:56，该股下跌了 5%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTc2MDYvdGVzbGEtbW9kZWwtMy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F797606%2Ftesla-model-3.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Tesla.</p>
<div class="lb-trans"><p>图片来源：特斯拉。</p>
</div><h2>Tesla runs out of gas</h2>
<div class="lb-trans"><h2>特斯拉耗尽动力</h2>
</div><p>The only piece of news that would have directly weighed on the stock was Hertz's announcement that it continues to see weak demand for EVs and will sell 30,000 of them by the end of the year. Relatedly, J.D. Power projected that EVs coming off leases would also flood the market in the next two years, hitting 65,600 by the end of this year and 215,000 by 2026.</p>
<div class="lb-trans"><p>唯一可能直接影响股价的消息是赫兹宣布其继续看到电动车的需求疲软，并将在年底前出售 30,000 辆电动车。相关地，J.D. Power 预测，未来两年将有大量电动车从租赁中退市，到今年年底将达到 65,600 辆，到 2026 年将达到 215,000 辆。</p>
</div><p>However, the main reason for today's sell-off seemed to be related to sentiment and valuation as Tesla's surge has come without any clear benefit to the business, and with the broader pullback in the market, investors seem to be saying the post-election rally has run out of steam.</p>
<div class="lb-trans"><p>然而，今天抛售的主要原因似乎与情绪和估值有关，因为特斯拉的激增并没有给业务带来明显的好处，随着市场的整体回调，投资者似乎在说选举后的反弹已经失去了动力。</p>
</div><h2>Is Tesla a buy?</h2>
<div class="lb-trans"><h2>特斯拉值得购买吗？</h2>
</div><p>Tesla has soared in the aftermath of the election as CEO Elon Musk closely aligned himself with Trump, but it's not fully clear that getting in the president's good graces is going to benefit his EV company.</p>
<div class="lb-trans"><p>在选举后，特斯拉的股价飙升，因为首席执行官埃隆·马斯克与特朗普紧密相连，但尚不清楚获得总统的青睐是否会对他的电动车公司带来好处。</p>
</div><p>After all, Trump campaigned on a plan to eliminate the tax credit for EVs and other clean energy programs, and Musk himself has complained that affordability is one of the biggest factors preventing Tesla and EVs more broadly from gaining more market share. Losing the credit, which is worth as much as $7,500 on some of Tesla's vehicles, would seem to be a clear negative for the company.</p>
<div class="lb-trans"><p>毕竟，特朗普在竞选中提出要取消电动车和其他清洁能源项目的税收抵免，而马斯克本人也抱怨说，价格可承受性是阻碍特斯拉及更广泛电动车获得更多市场份额的最大因素之一。失去这一抵免，价值高达 7,500 美元的特斯拉部分车型将显然对公司产生负面影响。</p>
</div><p>Investors are ultimately hopeful that the Trump administration will loosen up rules around autonomy, making it easier for Tesla to roll out its new robotaxi, or Cybercab, but safety and public perception will be the most critical test for the vehicles. If they cause accidents and Tesla is perceived as getting special favors from the government, that would likely be a disaster for its reputation.</p>
<div class="lb-trans"><p>投资者最终希望特朗普政府能够放宽关于自动驾驶的规定，使特斯拉更容易推出其新的机器人出租车或网络出租车，但安全性和公众认知将是对这些车辆的最关键考验。如果它们导致事故，而特斯拉被认为从政府那里获得了特殊待遇，这将可能对其声誉造成灾难性影响。</p>
</div><p>There's still a lot of uncertainty for the company despite Musk's cozy relationship with Trump, and the stock trades at a demanding multiple. If the Trump-related thesis doesn't work out, Tesla stock could have a long way to fall.</p>
<div class="lb-trans"><p>尽管马斯克与特朗普关系密切，但公司仍然面临许多不确定性，股价的交易倍数也很高。如果与特朗普相关的理论未能实现，特斯拉的股价可能会大幅下跌。</p>
</div>

Why Tesla Stock Was Pulling Back Today

- 特斯拉股价因市场整体回调而下跌，今日跌幅达 5%。  
- Hertz 表示电动车需求疲软，计划年底前出售 30,000 辆电动车。  
- 投资者对特斯拉估值产生疑虑，市场情绪转向谨慎。  

为什么特斯拉股票今天下跌