<p><strong>特斯拉</strong>(TSLA -0.67%) 预计将在 7 月底发布第二季度财报，对于能够承受一定潜在波动的投资者来说，这只股票值得考虑。最近的机器人出租车发布改变了围绕该股票的叙述，特斯拉可能会揭示另一个事件，这可能成为公司和股票的积极催化剂。以下是详细信息。</p>
<h2>特斯拉的交付数据</h2>
<p>埃隆·马斯克的公司通常在季度结束后不久发布其季度生产和交付数据，<em>但</em> <em>在季度财报公布之前</em>。这很重要，因为与大多数其他汽车制造商不同，特斯拉的交付量就是其季度销售量。与通过经销商销售的传统汽车制造商不同，特斯拉直接向消费者销售，无论是在线还是通过其门店。</p>
<p>因此，投资者在财报发布之前就已经知道特斯拉的销售和生产量。预测这些数字是具有挑战性的，您可能在本文发布时就已经在阅读这些数据。这里有许多变数，尤其是 Model Y（全球最畅销汽车）的更新，以及其在各个市场的可用时间。</p>
<h2>多头与空头在特斯拉股票上的争斗</h2>
<p>财报可能会显示特斯拉在电动车（EV）市场失去市场份额的数据，这一趋势在过去几年中一直存在。例如，到 2022 年底，特斯拉在美国电动车市场的份额为 58%，到 2023 年底降至 50.9%，到 2024 年底降至 44.4%，最终在 2025 年第一季度降至 43.5%。</p>
<p>此外，来自美国和欧洲的早期销售数据表明，特斯拉在 6 月需要一个大销售月，以保持与分析师预期的步调。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTI4NDc4MjcyOC0xMjAxeDgwMC01YjJkZjc5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTI4NDc4MjcyOC0xMjAxeDgwMC01YjJkZjc5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>空头将认为这是由于车型疲软的结果，担心特斯拉正在失去竞争优势。</p>
<p>与此同时，多头将视其为竞争对手重金投资成果的必然结果，同时指出，在与每辆电动车销售都在亏损以争夺市场份额的竞争对手竞争时，期望特斯拉重现过去的市场份额是不现实的。对于多头来说，长期成功的关键在于特斯拉降低每辆车的成本，从而增加电动车销售，并可持续发展其新兴的机器人出租车业务。</p>
<h2>特斯拉的三个潜在积极催化剂</h2>
<p>在空头和多头的论点中都有一些内容。特斯拉的投资者可能愿意接受市场份额的下降，但他们不希望看到特斯拉的汽车销售继续下降，正如第一季度同比下降 20% 那样。此外，特斯拉需要恢复生产增长，因为扩大规模通常是降低单位生产成本的最佳方式，而这也是公司学习如何降低成本的途径。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTU4NjczMTQzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTU4NjczMTQzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>特斯拉需要这样做，因为低成本车辆是机器人出租车案例的重要组成部分。无论是计划在 2026 年进行大规模生产的专用机器人出租车 Cybercab，还是利用特斯拉尚未发布的全自动驾驶（FSD）软件将现有特斯拉电动车转变为机器人出租车。</p>
<p>在这种背景下，特斯拉管理层在财报电话会议上可能会概述三件事情，这些事情都可能对股票产生积极影响：</p>
<ul>
<li>确认 2026 年 Cybercab 的大规模生产计划。</li>
<li>可能扩展机器人出租车试点项目的细节。</li>
<li>在四月份的财报电话会议上，管理层承诺 “很快推出更便宜的车型，生产开始仍计划在六月”，因此可以推测它将在七月确认这一点。</li>
</ul>
<p>第三个事件可以说是短期内最重要的。商业化机器人出租车将需要时间，而 Cybercab 的生产提升显然与此相关。然而，特斯拉在 2025 年发布低成本车型可能会振兴其产品线，开始提升销售，并利用其作为盈利电动车制造商的地位，拥有使电动车对大众更可负担的成本结构。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvaW52ZXN0aW5nLWluLWdyZWF0LXN0b2Nrcy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="467" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvaW52ZXN0aW5nLWluLWdyZWF0LXN0b2Nrcy5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>值得购买的股票</h2>
<p>特斯拉仍然是一只投机性成长股，其机器人出租车开发成功与否没有保证。尽管如此，发布已经成为历史，围绕公司电动车销售和市场份额的叙述可能会随着低成本车型的推出而改变。如果，且这是一个很大的如果，特斯拉能够遵守其时间表，那么对于愿意承受风险以获得丰厚回报的投资者来说，这只股票值得购买。</p>

特斯拉

2 倍做空特斯拉 ETF - GraniteShares

2 倍做多特斯拉 ETF - Direxion

2 倍做空特斯拉 ETF - Tradr

XI二南特斯-U

南方两倍做多特斯拉

南方两倍做空特斯拉

2 倍做多 TSLA ETF - GraniteShares

<p>特斯拉（TSLA）预计将在七月底发布其第二季度财报，这对能够承受波动的投资者来说可能是一个买入机会。最近的机器人出租车发布改变了股票的叙事，未来的生产和交付数据将至关重要。尽管特斯拉在电动车领域的市场份额有所下降，但该公司旨在降低车辆成本并扩大其机器人出租车项目。关键催化因素包括对 Cybercab 的计划、机器人出租车试点的细节以及推出低成本车型，这些都可能振兴销售并改善市场定位</p>

<p><strong>Tesla</strong>(TSLA -0.67%) is expected to release its second-quarter earnings in late July, making the stock worth considering for investors who can tolerate some potential volatility. The recent robotaxi launch has altered the narrative surrounding the stock, and Tesla may reveal another event that could prove a positive catalyst for the company and the stock. Here's the lowdown.</p>
<div class="lb-trans"><p><strong>特斯拉</strong>(TSLA -0.67%) 预计将在 7 月底发布第二季度财报，对于能够承受一定潜在波动的投资者来说，这只股票值得考虑。最近的机器人出租车发布改变了围绕该股票的叙述，特斯拉可能会揭示另一个事件，这可能成为公司和股票的积极催化剂。以下是详细信息。</p>
</div><h2>Tesla's delivery data</h2>
<div class="lb-trans"><h2>特斯拉的交付数据</h2>
</div><p>Elon Musk's company typically releases its production and delivery data for the quarter shortly after the quarter has ended, <em>but</em> <em>before the quarter's earnings are reported</em>. That matters because, unlike most other automakers, Tesla's deliveries are its sales volumes in the quarter. Unlike legacy automakers that sell through dealers, Tesla sells directly to consumers, either online or through its stores.</p>
<div class="lb-trans"><p>埃隆·马斯克的公司通常在季度结束后不久发布其季度生产和交付数据，<em>但</em> <em>在季度财报公布之前</em>。这很重要，因为与大多数其他汽车制造商不同，特斯拉的交付量就是其季度销售量。与通过经销商销售的传统汽车制造商不同，特斯拉直接向消费者销售，无论是在线还是通过其门店。</p>
</div><p>As such, investors will already be aware of Tesla's sales and production volumes before the earnings release. It's challenging to predict the numbers, and you may be reading them by the time this article is published. There are numerous moving parts here, not least of which is the refresh of the Model Y (the world's best-selling car) , as well as the timing of its availability in various markets.</p>
<div class="lb-trans"><p>因此，投资者在财报发布之前就已经知道特斯拉的销售和生产量。预测这些数字是具有挑战性的，您可能在本文发布时就已经在阅读这些数据。这里有许多变数，尤其是 Model Y（全球最畅销汽车）的更新，以及其在各个市场的可用时间。</p>
</div><h2>The bulls and bears battle it out over Tesla stock</h2>
<div class="lb-trans"><h2>多头与空头在特斯拉股票上的争斗</h2>
</div><p>The earnings report is likely to reveal data indicating that Tesla lost share in the electric vehicle (EV) market, a trend that has persisted for the past few years. For example, at the end of 2022, Tesla held 58% of the U.S. EV market, a figure that fell to 50.9% by the end of 2023, then to 44.4% by the end of 2024, and finally to 43.5% in the first quarter of 2025.</p>
<div class="lb-trans"><p>财报可能会显示特斯拉在电动车（EV）市场失去市场份额的数据，这一趋势在过去几年中一直存在。例如，到 2022 年底，特斯拉在美国电动车市场的份额为 58%，到 2023 年底降至 50.9%，到 2024 年底降至 44.4%，最终在 2025 年第一季度降至 43.5%。</p>
</div><p>In addition, sales data from the U.S. and Europe from early in the quarter suggests Tesla is going to need a big sales month in June to stay on track for meeting analyst estimates.</p>
<div class="lb-trans"><p>此外，来自美国和欧洲的早期销售数据表明，特斯拉在 6 月需要一个大销售月，以保持与分析师预期的步调。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTI4NDc4MjcyOC0xMjAxeDgwMC01YjJkZjc5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822846%2Fgettyimages-1284782728-1201x800-5b2df79.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><p>The bears will argue that this is a consequence of a tired lineup of vehicles, amid concerns that Tesla is losing its competitive edge.</p>
<div class="lb-trans"><p>空头将认为这是由于车型疲软的结果，担心特斯拉正在失去竞争优势。</p>
</div><p>At the same time, the bulls will see it as an inevitable consequence of the fruition of heavy investments by its competitors, while noting that it's unrealistic to expect the kind of market share Tesla had in the past when it's competing with rivals taking heavy losses on every EV sold to win market share. For the bulls, the key to long-term success is Tesla's ability to lower its cost per vehicle, allowing it to increase EV sales and develop its nascent robotaxi business sustainably.</p>
<div class="lb-trans"><p>与此同时，多头将视其为竞争对手重金投资成果的必然结果，同时指出，在与每辆电动车销售都在亏损以争夺市场份额的竞争对手竞争时，期望特斯拉重现过去的市场份额是不现实的。对于多头来说，长期成功的关键在于特斯拉降低每辆车的成本，从而增加电动车销售，并可持续发展其新兴的机器人出租车业务。</p>
</div><h2>Three potential positive catalysts for Tesla</h2>
<div class="lb-trans"><h2>特斯拉的三个潜在积极催化剂</h2>
</div><p>There's something in both bearish and bullish cases. Tesla investors may be willing to accept a decline in market share, but they won't want to see Tesla's automotive sales continue to decline, as they did in the first quarter with a 20% year-over-year drop. Moreover, Tesla needs to get back to production growth because building scale is usually the best way to lower the unit cost of production, and that's how companies learn how to reduce costs in general.</p>
<div class="lb-trans"><p>在空头和多头的论点中都有一些内容。特斯拉的投资者可能愿意接受市场份额的下降，但他们不希望看到特斯拉的汽车销售继续下降，正如第一季度同比下降 20% 那样。此外，特斯拉需要恢复生产增长，因为扩大规模通常是降低单位生产成本的最佳方式，而这也是公司学习如何降低成本的途径。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTU4NjczMTQzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822846%2Fgettyimages-158673143-1200x800-5b2df79.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><p>Tesla needs to do this because lower-cost vehicles are an integral part of the case for robotaxis. Whether it's a dedicated robotaxi vehicle like the Cybercab due for volume production in 2026, or existing Tesla EVs transformed into robotaxis using Tesla's as-yet-unreleased autonomous full self-driving (FSD) software.</p>
<div class="lb-trans"><p>特斯拉需要这样做，因为低成本车辆是机器人出租车案例的重要组成部分。无论是计划在 2026 年进行大规模生产的专用机器人出租车 Cybercab，还是利用特斯拉尚未发布的全自动驾驶（FSD）软件将现有特斯拉电动车转变为机器人出租车。</p>
</div><p>In this context, there are three things Tesla's management could outline on the earnings call, and they are all likely to be positive for the stock:</p>
<div class="lb-trans"><p>在这种背景下，特斯拉管理层在财报电话会议上可能会概述三件事情，这些事情都可能对股票产生积极影响：</p>
</div><ul>
<li>Affirm the plan for volume production of the Cybercab in 2026.</li>
<li>Details of the potential expansion of the robotaxi pilot program.</li>
<li>On the earnings call in April, management promised &#34;cheaper models to market soon, with the start of production still planned for June,&#34; so presumably it will be able to confirm this in July.</li>
</ul>
<div class="lb-trans"><ul>
<li>确认 2026 年 Cybercab 的大规模生产计划。</li>
<li>可能扩展机器人出租车试点项目的细节。</li>
<li>在四月份的财报电话会议上，管理层承诺 “很快推出更便宜的车型，生产开始仍计划在六月”，因此可以推测它将在七月确认这一点。</li>
</ul>
</div><p>The third event is arguably the most important in the near term. Commercializing robotaxis will take time, and the Cybercab production ramp is understandably tied to that. However, Tesla's release of lower-cost models in 2025 could revitalize its lineup, start boosting sales, and capitalize on its position as a profitable EV maker with a cost structure that makes EVs more affordable to the mass public.</p>
<div class="lb-trans"><p>第三个事件可以说是短期内最重要的。商业化机器人出租车将需要时间，而 Cybercab 的生产提升显然与此相关。然而，特斯拉在 2025 年发布低成本车型可能会振兴其产品线，开始提升销售，并利用其作为盈利电动车制造商的地位，拥有使电动车对大众更可负担的成本结构。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvaW52ZXN0aW5nLWluLWdyZWF0LXN0b2Nrcy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822846%2Finvesting-in-great-stocks.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>A stock to buy</h2>
<div class="lb-trans"><h2>值得购买的股票</h2>
</div><p>Tesla remains a speculative growth stock, and there's no guarantee that its robotaxi development will be successful. That said, the launch is now history, and the narrative around the company's EV sales and market share could change with the introduction of lower-cost models. If, and it's a big if, Tesla sticks to its timelines, then the stock is worth buying for investors willing to tolerate risk for a substantial reward.</p>
<div class="lb-trans"><p>特斯拉仍然是一只投机性成长股，其机器人出租车开发成功与否没有保证。尽管如此，发布已经成为历史，围绕公司电动车销售和市场份额的叙述可能会随着低成本车型的推出而改变。如果，且这是一个很大的如果，特斯拉能够遵守其时间表，那么对于愿意承受风险以获得丰厚回报的投资者来说，这只股票值得购买。</p>
</div>

Here's Why Tesla Stock Is a Buy Before the End of July

- 特斯拉预计将在 7 月底发布第二季度财报，投资者需关注潜在波动。  
- 特斯拉在电动车市场的份额持续下降，2025 年第一季度降至 43.5%。  
- 低成本车型的推出可能会刺激销售，改善市场表现。  

以下是为什么在七月底之前应该买入特斯拉股票的原因