<p>在经历了令人难以置信的两年股市表现后，科技巨头在 2025 年的表现却不尽如人意。在人工智能（AI）股票中，<strong>特斯拉</strong>（TSLA 1.93%）是最大的滞后者之一，截至 5 月 15 日，其股价年初至今已下跌 15%。</p>
<p>虽然这次抛售使特斯拉成为 “七大巨头” 股票中表现最差的公司之一，但这种情况可能很快会改变。</p>
<p>让我们探讨一下为什么 6 月将是特斯拉未来的关键月份。更重要的是，我将关注特斯拉股票周围的最新趋势，以帮助评估现在是否是投资股票的好时机，尤其是在未来几周内它们可能会急剧上涨。</p>
<h2>6 月特斯拉发生了什么？</h2>
<p>特斯拉的收入和利润大部分来自电动汽车（EV）的销售。不幸的是，特斯拉的电动车业务遇到了一些障碍，增长停滞。虽然大多数管理团队对此不会感到高兴，但特斯拉首席执行官埃隆·马斯克似乎对公司未来的发展方向充满信心。</p>
<p>原因是什么？马斯克的愿景不仅仅是让特斯拉销售电动车。他的目标是建立一个自动驾驶汽车车队，运送乘客——这一雄心被称为 Robotaxi。</p>
<p>根据特斯拉第一季度的财报电话会议，马斯克承诺将在下个月在德克萨斯州奥斯汀推出首个 Robotaxi 服务。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTgzMDAvZ2V0dHlpbWFnZXMtMTczMzIxMzEzOC0zLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTgzMDAvZ2V0dHlpbWFnZXMtMTczMzIxMzEzOC0zLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>投资者应谨慎的两个原因</h2>
<p>Robotaxi 多年来一直是支撑特斯拉股票牛市论点的支柱之一。现在，似乎公司终于制造了足够的车辆来推出首个付费服务，并与其他打车业务如 <strong>优步</strong>、<strong>Lyft</strong> 和 Waymo 竞争。</p>
<p>作为特斯拉的投资者，我对 Robotaxi 的推出感到非常兴奋。然而，这并不是特斯拉第一次炒作新产品，我知道现在保持理智是明智的策略，因为特斯拉确实有错过截止日期的历史。虽然公司通常会实现其雄心壮志，但并不总是按照马斯克所说的时间表进行。由于特斯拉的 AI 论点核心部分是基于 Robotaxi 业务的成功，因此任何推出的延迟都是一个警示信号。</p>
<p>让我们保持乐观，假设特斯拉确实在下个月成功推出。虽然这令人兴奋，但投资者需要保持现实。Robotaxi 需要时间来扩展和获取客户。</p>
<p>这正是马斯克向投资者发出信号的原因：“从财务角度来看，真正的问题是它何时真正变得重要并影响公司的底线。” 根据他的说法，Robotaxi 将在明年中期开始 “影响财务指标”。</p>
<h2>现在特斯拉股票值得购买吗？</h2>
<p>Robotaxi 最初将对特斯拉的财务贡献微不足道这一事实很重要。正如特斯拉股票的常见情况，股价会根据叙述——无论是正面还是负面——经历短暂的波动。</p>
<p>如果特斯拉确实在下个月在奥斯汀推出 Robotaxi，我的直觉是股价将会飙升。事实上，下面的图表显示，特斯拉股票最近一直在缓慢上涨——而且没有明显的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/cfdaf81030c4250b3d6ed474c55cb8ca.png?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://media.ycharts.com/charts/cfdaf81030c4250b3d6ed474c55cb8ca.png"/></p>
<p>数据来源：YCharts。</p>
<p>当然，关于关税谈判的积极进展可能在特斯拉最近的涨幅中发挥了作用（以及整体市场的涨幅）。但目前仍然不清楚这些谈判如何具体影响特斯拉的业务。</p>
<p>至少在 Robotaxi 方面，马斯克已经警告投资者不要对早期结果寄予过多期望，指出业务需要时间才能扩展并成为一个重要的新销售和利润来源。尽管如此，期望仍然很高，如果 Robotaxi 的推出被延迟或失败，特斯拉的股票可能会暴跌。</p>
<p>基于这些原因，我建议目前在投资特斯拉方面保持观望。奥斯汀只是 Robotaxi 的一个市场，预计随着时间的推移将成为全球业务。如果 Robotaxi 确实证明是特斯拉电动车业务的一个有利扩展，投资者将有充足的机会在业务逐渐演变为一个 AI 参与者而非汽车制造商时投资该股票。</p>

特斯拉

<p>特斯拉的股票今年迄今已下跌 15%，但由于预计将在奥斯丁推出其 Robotaxi 服务，6 月可能是一个关键时刻。首席执行官埃隆·马斯克对此持乐观态度，但投资者应保持谨慎，因为特斯拉有错过截止日期的历史。虽然 Robotaxi 最终可能会提升收入，但需要时间来扩大规模。特斯拉股票当前的波动性可能并不反映其长期潜力，投资者被建议在购买之前耐心等待，因为 Robotaxi 的成功尚不确定，可能会对股票表现产生重大影响</p>

<p>After an incredible two-year run on the stock market, big tech hasn't fared quite so well in 2025. Among the biggest laggards in artificial intelligence (AI) stocks is <strong>Tesla</strong>(TSLA 1.93%), whose shares have declined 15% year to date (as of May 15).</p>
<div class="lb-trans"><p>在经历了令人难以置信的两年股市表现后，科技巨头在 2025 年的表现却不尽如人意。在人工智能（AI）股票中，<strong>特斯拉</strong>（TSLA 1.93%）是最大的滞后者之一，截至 5 月 15 日，其股价年初至今已下跌 15%。</p>
</div><p>While this sell-off makes Tesla one of the poorest performers among the &#34;Magnificent Seven&#34; stocks, that may soon change.</p>
<div class="lb-trans"><p>虽然这次抛售使特斯拉成为 “七大巨头” 股票中表现最差的公司之一，但这种情况可能很快会改变。</p>
</div><p>Let's explore why June is going to be such a pivotal month for Tesla's future. And more importantly, I'll take a look at more recent trends surrounding Tesla stock to help assess whether now is a good time to pounce on shares before they potentially go parabolic in a few weeks.</p>
<div class="lb-trans"><p>让我们探讨一下为什么 6 月将是特斯拉未来的关键月份。更重要的是，我将关注特斯拉股票周围的最新趋势，以帮助评估现在是否是投资股票的好时机，尤其是在未来几周内它们可能会急剧上涨。</p>
</div><h2>What is happening in June for Tesla?</h2>
<div class="lb-trans"><h2>6 月特斯拉发生了什么？</h2>
</div><p>Tesla derives the majority of its revenue and profits from selling electric vehicles (EVs). Unfortunately, Tesla's EV business has hit a road bump, and growth has stalled. While most management teams wouldn't be thrilled by these dynamics, Tesla CEO Elon Musk seems quite confident in the direction the company is headed.</p>
<div class="lb-trans"><p>特斯拉的收入和利润大部分来自电动汽车（EV）的销售。不幸的是，特斯拉的电动车业务遇到了一些障碍，增长停滞。虽然大多数管理团队对此不会感到高兴，但特斯拉首席执行官埃隆·马斯克似乎对公司未来的发展方向充满信心。</p>
</div><p>The reason? Musk's vision isn't just for Tesla to sell EVs. Rather, he has his sights set on building an autonomous vehicle fleet to ferry passengers around -- an ambition known as Robotaxi.</p>
<div class="lb-trans"><p>原因是什么？马斯克的愿景不仅仅是让特斯拉销售电动车。他的目标是建立一个自动驾驶汽车车队，运送乘客——这一雄心被称为 Robotaxi。</p>
</div><p>Per Tesla's first-quarter earnings call, Musk is committed to launching the first Robotaxi rides next month in Austin, Texas.</p>
<div class="lb-trans"><p>根据特斯拉第一季度的财报电话会议，马斯克承诺将在下个月在德克萨斯州奥斯汀推出首个 Robotaxi 服务。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTgzMDAvZ2V0dHlpbWFnZXMtMTczMzIxMzEzOC0zLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F818300%2Fgettyimages-1733213138-3.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Two reasons why investors should be careful</h2>
<div class="lb-trans"><h2>投资者应谨慎的两个原因</h2>
</div><p>Robotaxi has been one of the pillars supporting the bull thesis around Tesla stock for years. Now, it seems like the company has finally built enough vehicles to launch its first paid service and compete with other ridehailing businesses such as <strong>Uber</strong>, <strong>Lyft</strong>, and Waymo.</p>
<div class="lb-trans"><p>Robotaxi 多年来一直是支撑特斯拉股票牛市论点的支柱之一。现在，似乎公司终于制造了足够的车辆来推出首个付费服务，并与其他打车业务如 <strong>优步</strong>、<strong>Lyft</strong> 和 Waymo 竞争。</p>
</div><p>As an investor in Tesla myself, I am really excited about the Robotaxi launch. However, this is not the first time Tesla has hyped up a new product, and I know that remaining grounded right now is the prudent strategy because Tesla does have a history of missing deadlines. While the company often follows through on its ambitions, it's not always according to Musk's stated timeline. Since a core part of the AI thesis around Tesla is rooted in the Robotaxi business being successful, any delay in the launch is a red flag.</p>
<div class="lb-trans"><p>作为特斯拉的投资者，我对 Robotaxi 的推出感到非常兴奋。然而，这并不是特斯拉第一次炒作新产品，我知道现在保持理智是明智的策略，因为特斯拉确实有错过截止日期的历史。虽然公司通常会实现其雄心壮志，但并不总是按照马斯克所说的时间表进行。由于特斯拉的 AI 论点核心部分是基于 Robotaxi 业务的成功，因此任何推出的延迟都是一个警示信号。</p>
</div><p>Let's be optimistic here and say Tesla does pull off the launch next month. While that's exciting, investors need to be realistic. It's going to take time for Robotaxi to scale and acquire customers.</p>
<div class="lb-trans"><p>让我们保持乐观，假设特斯拉确实在下个月成功推出。虽然这令人兴奋，但投资者需要保持现实。Robotaxi 需要时间来扩展和获取客户。</p>
</div><p>This is precisely why Musk signaled to investors that &#34;the real question from [a] financial standpoint is when does it really become material and affect [the] bottom line of the company.&#34; According to him, Robotaxi will begin to &#34;move the financial needle&#34; toward the middle of next year.</p>
<div class="lb-trans"><p>这正是马斯克向投资者发出信号的原因：“从财务角度来看，真正的问题是它何时真正变得重要并影响公司的底线。” 根据他的说法，Robotaxi 将在明年中期开始 “影响财务指标”。</p>
</div><h2>Is Tesla stock a buy right now?</h2>
<div class="lb-trans"><h2>现在特斯拉股票值得购买吗？</h2>
</div><p>The fact that Robotaxi will initially be an immaterial contributor to Tesla from a financial standpoint is important. As is often the case with Tesla stock, shares experience fleeting volatility based on narratives -- both positive and negative.</p>
<div class="lb-trans"><p>Robotaxi 最初将对特斯拉的财务贡献微不足道这一事实很重要。正如特斯拉股票的常见情况，股价会根据叙述——无论是正面还是负面——经历短暂的波动。</p>
</div><p>If Tesla does indeed launch Robotaxi next month in Austin, my hunch is that shares will skyrocket. In fact, the chart below shows that Tesla stock has been creeping up as of late -- and there's no clear reason.</p>
<div class="lb-trans"><p>如果特斯拉确实在下个月在奥斯汀推出 Robotaxi，我的直觉是股价将会飙升。事实上，下面的图表显示，特斯拉股票最近一直在缓慢上涨——而且没有明显的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/cfdaf81030c4250b3d6ed474c55cb8ca.png" alt="" original-src="https://media.ycharts.com/charts/cfdaf81030c4250b3d6ed474c55cb8ca.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源：YCharts。</p>
</div><p>Sure, positive developments around tariff negotiations are likely playing a role in Tesla's recent gains (along with those of the broad market overall). But there is still little clarity around how these negotiations are affecting Tesla's business specifically.</p>
<div class="lb-trans"><p>当然，关于关税谈判的积极进展可能在特斯拉最近的涨幅中发挥了作用（以及整体市场的涨幅）。但目前仍然不清楚这些谈判如何具体影响特斯拉的业务。</p>
</div><p>At least with Robotaxi, Musk has already warned investors not to put too much weight on the early results, indicating that it will take time for the business to scale and become a meaningful new source of sales and profits. That said, expectations remain high, and if the Robotaxi launch is delayed or flops, Tesla stock could plummet.</p>
<div class="lb-trans"><p>至少在 Robotaxi 方面，马斯克已经警告投资者不要对早期结果寄予过多期望，指出业务需要时间才能扩展并成为一个重要的新销售和利润来源。尽管如此，期望仍然很高，如果 Robotaxi 的推出被延迟或失败，特斯拉的股票可能会暴跌。</p>
</div><p>For these reasons, I suggest sitting on the sidelines regarding an investment in Tesla right now. Austin is only one market for Robotaxi, which is expected to become a global operation over time. If Robotaxi does prove to be a lucrative extension of Tesla's EV business, investors will have ample opportunities to invest in the stock as the business evolves into more of an AI player than a car manufacturer.</p>
<div class="lb-trans"><p>基于这些原因，我建议目前在投资特斯拉方面保持观望。奥斯汀只是 Robotaxi 的一个市场，预计随着时间的推移将成为全球业务。如果 Robotaxi 确实证明是特斯拉电动车业务的一个有利扩展，投资者将有充足的机会在业务逐渐演变为一个 AI 参与者而非汽车制造商时投资该股票。</p>
</div>

Prediction: This Artificial Intelligence (AI) Stock Will Go Parabolic in June (Hint: It's Not Nvidia)

- 特斯拉股价年初至今下跌 15%，成为 AI 股票中的落后者。  
- CEO 马斯克计划在 6 月推出 Robotaxi 服务，但需警惕可能的延迟。  
- 投资者应谨慎，Robotaxi 初期对财务贡献有限，建议暂时观望。

预测：这只人工智能（AI）股票将在六月呈现爆发式增长（提示：不是英伟达）