<p><strong>特斯拉公司 NASDAQ: TSLA</strong> 的股价在周五下跌了 3.5%，进入劳动节周末，这让多头处于被动。此次下跌标志着该股在本周后半段的艰难表现，再次引发了人们对自四月以来持续上涨的行情能否维持的质疑。</p>
<p>一方面，技术上上涨趋势依然完好。特斯拉突破了我们上个月提到的收敛三角形模式的上方，这一举动使其达到了新的短期高点。但另一方面，该股在 350 美元到 360 美元之间仍然面临着强大的阻力。</p>
<p>它在这个水平上已经被拒绝了好几次；在五月、六月，现在还有八月。</p>
<p>反复未能突破并不是投资者希望在一只仍然交易在去年历史高点 30% 以下的股票上看到的疲软表现，而该股的市盈率高达 193。那么情况可能会有多糟呢？让我们来看看。</p>
<h2>竞争和品牌挑战对特斯拉需求施压</h2>
<p>图表的缺乏后续表现与基本面上的失望更新相呼应。特斯拉在瑞典的注册量在八月份同比暴跌了 84%，而在七月份，欧洲的销售额也下降了约 40%。来自印度的早期销售结果（特斯拉在夏季推出的市场）同样令人失望。</p>
<p>该公司面临着激烈的竞争、与首席执行官埃隆·马斯克相关的品牌挑战，以及缺乏有意义的车型更新。管理层承诺将在年底前开始 “量产” 一款更实惠的电动车，虽然这可能会恢复需求，但这也留下了一个较长的空白期，使公司面临失去市场份额的风险。</p>
<p>与此同时，传统汽车制造商的竞争对手正在加大对电动车的投入，侵蚀特斯拉曾经不可动摇的市场主导地位。</p>
<h2>特斯拉面临竞争和周期性压力</h2>
<p>除了短期销售数字，投资者还在权衡电动车（EV）的整体需求背景。行业数据表明，在一些关键市场，电动车的采用增长正在放缓，消费者的可负担能力是一个主要挑战。</p>
<p>这使得特斯拉不仅要与 <strong>激烈的竞争</strong> 作斗争，还要面对 <strong>周期性需求的逆风</strong>。该公司对狭窄产品线的依赖加剧了这一风险，因为它缺乏多样性，无法通过其他领域的强劲表现来弥补某一领域的疲软。</p>
<h2>分析师对特斯拉股票的信心降温</h2>
<p>尽管如此，在今年的大部分时间里，特斯拉在华尔街仍然受到了强有力的支持。但即便如此，裂痕现在开始显现。</p>
<p>高盛团队在八月底重申了对特斯拉的中性评级，警告称特斯拉可能比同行更容易受到本月晚些时候即将到来的 <strong>美国联邦电动车税收抵免到期</strong> 的负面影响。</p>
<p>他们还指出，竞争加剧是一个可能限制该股短期上涨的逆风。</p>
<p>这并不是推动可持续上涨的分析师势头。特斯拉一直是一只具有争议的股票，但最近几周主要公司的缺乏新积极更新使得多头几乎没有什么武器。</p>
<h2>关键水平关注</h2>
<p>从技术上讲，特斯拉现在处于一个危险的位置。如上所述，该股再次被 360 美元的阻力位阻挡，如果卖压在本周继续，可能很快会测试 320 美元。跌破该水平将意味着四月的上涨趋势面临破裂风险，打开更深回调的大门。</p>
<p>另一方面，如果特斯拉能够在当前水平附近巩固并再次冲击 350–360 美元，突破该区间将有助于重置看涨的叙述。但考虑到一系列未能成功的尝试，投资者希望看到一次干净的、高成交量的突破，才能认为上涨的道路是清晰的。</p>
<h3>特斯拉公司 (TSLA) 2025 年 9 月 3 日的价格图表</h3>
<h2>你现在应该投资 1000 美元在特斯拉吗？</h2>
<p>在考虑特斯拉之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐，现在就买入，以便在更广泛的市场注意到之前……而特斯拉并不在名单上。</p>
<p>虽然特斯拉目前在分析师中被评为持有，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</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（Tesla）的股票（TSLA）下跌了 3.5%，因为它在突破 360 美元的阻力位时遇到困难，这引发了投资者的担忧。尽管技术上呈上升趋势，但疲弱的销售更新和日益激烈的竞争正在对需求施加压力。分析师的支持正在减弱，高盛维持中性评级，指出美国电动车税收抵免到期可能带来的影响。投资者保持谨慎，关注是否会出现下跌至 320 美元的可能，而突破 360 美元则可能恢复看涨情绪</p>

<p>Shares of <strong>Tesla Inc NASDAQ: TSLA</strong> slipped 3.5% on Friday heading into the Labor Day weekend, leaving bulls on the back foot. The drop capped a tough second half of the week for the stock and once again raised questions about whether its rally, which has been going on since April, can be sustained.</p>
<div class="lb-trans"><p><strong>特斯拉公司 NASDAQ: TSLA</strong> 的股价在周五下跌了 3.5%，进入劳动节周末，这让多头处于被动。此次下跌标志着该股在本周后半段的艰难表现，再次引发了人们对自四月以来持续上涨的行情能否维持的质疑。</p>
</div><p>On the one hand, the uptrend remains technically intact. Tesla broke out to the upside of the tightening pennant pattern we flagged last month, a move that carried it to new short-term highs. But on the other hand, the stock continues to run into a brick wall of resistance between $350 and $360.</p>
<div class="lb-trans"><p>一方面，技术上上涨趋势依然完好。特斯拉突破了我们上个月提到的收敛三角形模式的上方，这一举动使其达到了新的短期高点。但另一方面，该股在 350 美元到 360 美元之间仍然面临着强大的阻力。</p>
</div><p>It's been rejected from this level several times now; in May, June, and now August, too.</p>
<div class="lb-trans"><p>它在这个水平上已经被拒绝了好几次；在五月、六月，现在还有八月。</p>
</div><p>Repeated failures to break through are not the kind of weakness investors want to see from a stock that still trades 30% below last year’s all-time high while commanding a lofty price-to-earnings multiple of 193. So just how bad could it get? Let’s take a look.</p>
<div class="lb-trans"><p>反复未能突破并不是投资者希望在一只仍然交易在去年历史高点 30% 以下的股票上看到的疲软表现，而该股的市盈率高达 193。那么情况可能会有多糟呢？让我们来看看。</p>
</div><h2>Competition and Brand Challenges Pressure Tesla Demand</h2>
<div class="lb-trans"><h2>竞争和品牌挑战对特斯拉需求施压</h2>
</div><p>The chart's lack of follow-through has been mirrored by disappointing updates on the fundamentals side. Tesla’s registrations in Sweden plunged 84% year on year in August, while sales across Europe were down about 40% in July. Early sales results from India, where Tesla launched over the summer, have also been underwhelming.</p>
<div class="lb-trans"><p>图表的缺乏后续表现与基本面上的失望更新相呼应。特斯拉在瑞典的注册量在八月份同比暴跌了 84%，而在七月份，欧洲的销售额也下降了约 40%。来自印度的早期销售结果（特斯拉在夏季推出的市场）同样令人失望。</p>
</div><p>The company is facing stiff competition, lingering brand challenges linked to CEO Elon Musk, and a lack of meaningful model updates. Management has promised that “volume production” of a more affordable EV will begin by the end of the year, and while that could revive demand, it leaves a long gap that makes the company vulnerable to losing market share.</p>
<div class="lb-trans"><p>该公司面临着激烈的竞争、与首席执行官埃隆·马斯克相关的品牌挑战，以及缺乏有意义的车型更新。管理层承诺将在年底前开始 “量产” 一款更实惠的电动车，虽然这可能会恢复需求，但这也留下了一个较长的空白期，使公司面临失去市场份额的风险。</p>
</div><p>In the meantime, rivals among the traditional automakers are pressing harder into electric vehicles, eroding Tesla’s once-untouchable dominance.</p>
<div class="lb-trans"><p>与此同时，传统汽车制造商的竞争对手正在加大对电动车的投入，侵蚀特斯拉曾经不可动摇的市场主导地位。</p>
</div><h2>Tesla Faces Both Competitive and Cyclical Pressures</h2>
<div class="lb-trans"><h2>特斯拉面临竞争和周期性压力</h2>
</div><p>Beyond near-term sales numbers, investors are also weighing the broader demand backdrop for electric vehicles (EVs). Industry-wide data has shown growth in EV adoption slowing in some key markets, with consumer affordability a key challenge.</p>
<div class="lb-trans"><p>除了短期销售数字，投资者还在权衡电动车（EV）的整体需求背景。行业数据表明，在一些关键市场，电动车的采用增长正在放缓，消费者的可负担能力是一个主要挑战。</p>
</div><p>This leaves Tesla fighting not just against <strong>aggressive competition</strong> but also against <strong>cyclical demand headwinds</strong>. The company’s reliance on a narrow product line amplifies this risk, as it lacks the diversity that helps peers absorb weakness in one segment with strength in another.</p>
<div class="lb-trans"><p>这使得特斯拉不仅要与 <strong>激烈的竞争</strong> 作斗争，还要面对 <strong>周期性需求的逆风</strong>。该公司对狭窄产品线的依赖加剧了这一风险，因为它缺乏多样性，无法通过其他领域的强劲表现来弥补某一领域的疲软。</p>
</div><h2>Analyst Conviction Cooling on Tesla Stock</h2>
<div class="lb-trans"><h2>分析师对特斯拉股票的信心降温</h2>
</div><p>That being said, for much of this year, Tesla has benefited from resilient support on Wall Street. But even here, cracks are now starting to show.</p>
<div class="lb-trans"><p>尽管如此，在今年的大部分时间里，特斯拉在华尔街仍然受到了强有力的支持。但即便如此，裂痕现在开始显现。</p>
</div><p>The Goldman Sachs team reiterated its Neutral rating toward the end of August, warning that Tesla may be more adversely affected than peers by the looming <strong>expiration of U.S. federal EV tax credits</strong> later this month.</p>
<div class="lb-trans"><p>高盛团队在八月底重申了对特斯拉的中性评级，警告称特斯拉可能比同行更容易受到本月晚些时候即将到来的 <strong>美国联邦电动车税收抵免到期</strong> 的负面影响。</p>
</div><p>They also flagged rising competition as a headwind that could limit the stock's upside in the near term.</p>
<div class="lb-trans"><p>他们还指出，竞争加剧是一个可能限制该股短期上涨的逆风。</p>
</div><p>This is not the kind of analyst momentum that fuels sustainable rallies. Tesla has always been a polarizing stock, but the distinct lack of fresh positive updates from major firms in recent weeks has left bulls without much ammunition.</p>
<div class="lb-trans"><p>这并不是推动可持续上涨的分析师势头。特斯拉一直是一只具有争议的股票，但最近几周主要公司的缺乏新积极更新使得多头几乎没有什么武器。</p>
</div><h2>Critical Levels to Watch</h2>
<div class="lb-trans"><h2>关键水平关注</h2>
</div><p>Technically, Tesla is now in a precarious position. As mentioned above, the stock has been turned back again from $360, and if the selling pressure continues into this week, it could soon be testing $320. A break below there would signal that the April uptrend is at risk of breaking down, opening the door to a deeper pullback.</p>
<div class="lb-trans"><p>从技术上讲，特斯拉现在处于一个危险的位置。如上所述，该股再次被 360 美元的阻力位阻挡，如果卖压在本周继续，可能很快会测试 320 美元。跌破该水平将意味着四月的上涨趋势面临破裂风险，打开更深回调的大门。</p>
</div><p>On the flip side, if Tesla can consolidate around current levels and mount another run at $350–$360, a decisive breakout above that range would go a long way toward resetting the bullish narrative. But given the string of failed attempts, investors will want to see a clean, high-volume move through resistance before assuming that the path higher is clear.</p>
<div class="lb-trans"><p>另一方面，如果特斯拉能够在当前水平附近巩固并再次冲击 350–360 美元，突破该区间将有助于重置看涨的叙述。但考虑到一系列未能成功的尝试，投资者希望看到一次干净的、高成交量的突破，才能认为上涨的道路是清晰的。</p>
</div><h3>Tesla, Inc. (TSLA) Price Chart for Wednesday, September, 3, 2025</h3>
<div class="lb-trans"><h3>特斯拉公司 (TSLA) 2025 年 9 月 3 日的价格图表</h3>
</div><h2>Should You Invest $1,000 in Tesla Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在特斯拉吗？</h2>
</div><p>Before you consider Tesla, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑特斯拉之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐，现在就买入，以便在更广泛的市场注意到之前……而特斯拉并不在名单上。</p>
</div><p>While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然特斯拉目前在分析师中被评为持有，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

Tesla Bulls Need to Tread Very Carefully Right Now

- 特斯拉股价在劳动节前下跌 3.5%，引发市场对其持续上涨的质疑。  
- 公司面临竞争加剧和品牌挑战，注册量和销售额大幅下滑。  
- 分析师对特斯拉的看法趋于谨慎，警告可能受到税收优惠到期的影响。  

特斯拉的看涨投资者目前需要格外小心