<p>截至今天东部时间上午 11:03，<strong>特斯拉</strong>(TSLA 4.30%) 的股价上涨了 3.3%，此前一度上涨近 5%。这一波动发生在这家电动汽车制造商公布了备受期待的第二季度交付数据之后。</p>
<h2>又一个令人失望的季度</h2>
<p>特斯拉在今年第二季度交付了 384,000 辆汽车，同比下降 14%。这一数字略低于华尔街预期的 387,000 辆，依据 FactSet 的数据。特斯拉在季节性较弱的第一季度也报告了令人失望的交付数据，交付量略低于 337,000 辆，同比下降 13%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM2ODkvcG9zaXRpdmUtcGVyc29uLTEuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="369" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM2ODkvcG9zaXRpdmUtcGVyc29uLTEuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<p>尽管特斯拉未能达到华尔街的预期，但大多数投资者预计这一季度的交付量会很糟糕，因为季度内的数据和报告显示这家电动汽车制造商的销售持续挣扎，尤其是在欧洲和中国。</p>
<p>最初，许多人认为特斯拉首席执行官埃隆·马斯克参与政府事务，包括政府效率部 (DOGE)，让特斯拉的核心客户感到沮丧，导致他们选择更换车辆或选择其他品牌。然而，竞争似乎也是特斯拉面临的问题，因为竞争对手的电动汽车制造商正在推出价格更低、性能更好的电动汽车。</p>
<p>然而，有些人认为这一季度可能标志着特斯拉的底部。Deepwater Asset Management 的管理合伙人基因·穆斯特今天早上在 X 上写道，交付量比他预期的要好，他认为下半年的交付量会有所改善。</p>
<h2>电动汽车业务可能并不重要</h2>
<p>特斯拉第二季度的交付再次显示了为什么该股不以基本面交易，以及最终为什么电动汽车业务可能并不重要。公司未能达到预期，但其股价仍在上涨。</p>
<p>这对特斯拉来说并不新鲜，显示出投资者对电动汽车业务并不担忧，几乎完全专注于机器人出租车。但由于特斯拉的股价处于巨大的估值水平，我仍然保持观望。</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）的股价上涨了 3.3%，此前该公司报告第二季度交付了 384,000 辆汽车，同比下降 14%，略低于华尔街 387,000 辆的预期。尽管结果令人失望，但投资者早已预期这一季度会疲软，原因在于之前的数据。来自竞争对手电动车制造商的竞争以及首席执行官埃隆·马斯克的政府参与引发了担忧。然而，一些分析师认为这一季度可能是特斯拉的转折点，预计下半年交付量将有所改善。股票的表现表明，投资者更关注未来前景而非当前基本面</p>

<p>Shares of <strong>Tesla</strong>(TSLA 4.30%) traded 3.3% higher, as of 11:03 a.m. ET today, after trading nearly 5% higher earlier today. The move came after the electric carmaker reported deliveries for the second quarter of the year in a highly anticipated event for the company.</p>
<div class="lb-trans"><p>截至今天东部时间上午 11:03，<strong>特斯拉</strong>(TSLA 4.30%) 的股价上涨了 3.3%，此前一度上涨近 5%。这一波动发生在这家电动汽车制造商公布了备受期待的第二季度交付数据之后。</p>
</div><h2>Another disappointing quarter</h2>
<div class="lb-trans"><h2>又一个令人失望的季度</h2>
</div><p>Tesla delivered 384,000 vehicles in the second quarter of the year, down 14% year over year. The number came in slightly below Wall Street's estimate of 387,000, according to FactSet. Tesla also reported disappointing deliveries in its seasonally weaker first quarter of the year of slightly below 337,000, down 13% year over year.</p>
<div class="lb-trans"><p>特斯拉在今年第二季度交付了 384,000 辆汽车，同比下降 14%。这一数字略低于华尔街预期的 387,000 辆，依据 FactSet 的数据。特斯拉在季节性较弱的第一季度也报告了令人失望的交付数据，交付量略低于 337,000 辆，同比下降 13%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjM2ODkvcG9zaXRpdmUtcGVyc29uLTEuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823689%2Fpositive-person-1.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>Although Tesla missed Wall Street estimates, most investors expected a bad quarter of deliveries, given intra-quarter data and reports that indicated the electric carmaker's sales continued to struggle, especially in Europe and China.</p>
<div class="lb-trans"><p>尽管特斯拉未能达到华尔街的预期，但大多数投资者预计这一季度的交付量会很糟糕，因为季度内的数据和报告显示这家电动汽车制造商的销售持续挣扎，尤其是在欧洲和中国。</p>
</div><p>Initially, many believed that Tesla CEO Elon Musk's involvement with government affairs, including the Department of Government Efficiency (DOGE), had frustrated many of Tesla's core customers, leading them to trade in their vehicles or select other brands. However, competition also appears to be an issue for Tesla, as rival EV makers are releasing cheaper EVs with better capabilities.</p>
<div class="lb-trans"><p>最初，许多人认为特斯拉首席执行官埃隆·马斯克参与政府事务，包括政府效率部 (DOGE)，让特斯拉的核心客户感到沮丧，导致他们选择更换车辆或选择其他品牌。然而，竞争似乎也是特斯拉面临的问题，因为竞争对手的电动汽车制造商正在推出价格更低、性能更好的电动汽车。</p>
</div><p>However, some think this quarter could mark a bottom for Tesla. Gene Munster, a managing partner at Deepwater Asset Management, wrote on X this morning that deliveries came in better than he expected, and he thinks deliveries will trend better in the back half of the year.</p>
<div class="lb-trans"><p>然而，有些人认为这一季度可能标志着特斯拉的底部。Deepwater Asset Management 的管理合伙人基因·穆斯特今天早上在 X 上写道，交付量比他预期的要好，他认为下半年的交付量会有所改善。</p>
</div><h2>The EV business may not matter</h2>
<div class="lb-trans"><h2>电动汽车业务可能并不重要</h2>
</div><p>Tesla's second-quarter deliveries once again shows why the stock does not trade on fundamentals, and ultimately why the EV business may not matter. The company missed estimates -- and its stock is still trading higher.</p>
<div class="lb-trans"><p>特斯拉第二季度的交付再次显示了为什么该股不以基本面交易，以及最终为什么电动汽车业务可能并不重要。公司未能达到预期，但其股价仍在上涨。</p>
</div><p>This is nothing new for Tesla, showing why investors are not concerned about the EV business and are almost solely focused on robotaxis. But with Tesla's stock trading at a monster valuation, I continue to be on the sidelines.</p>
<div class="lb-trans"><p>这对特斯拉来说并不新鲜，显示出投资者对电动汽车业务并不担忧，几乎完全专注于机器人出租车。但由于特斯拉的股价处于巨大的估值水平，我仍然保持观望。</p>
</div>

Why Shares of Tesla Are Surging Today

- 特斯拉第二季度交付量为 384,000 辆，同比下降 14%。  
- 该数据略低于华尔街预期的 387,000 辆。  
- 尽管交付量不及预期，特斯拉股价仍上涨 3.3%。

为什么特斯拉的股价今天大幅上涨