<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251024_2152_Tesla-Data-Highway_simple_compose_01k8bgb518edb9pt5bnc48txm7.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251024_2152_Tesla-Data-Highway_simple_compose_01k8bgb518edb9pt5bnc48txm7.png"/></p>
<p>特斯拉股票（NASDAQ: TSLA）周二保持在平稳区域，因为华尔街分析师转向观望，削减了电动汽车制造商第四季度交付报告前的增长预测。</p>
<p>股价略有上涨，此前在 12 月面临一些严重的阻力，因为摩根士丹利下调了该股票评级，理由是动能减缓以及估值已脱离近期基本面。</p>
<p>分析师的情绪标志着一种转变，抑制了投资者在 12 月创纪录上涨后的热情。</p>
<h2>特斯拉股票：分析师修正及其背后的数据</h2>
<p>最显著的冲击来自摩根士丹利，这家公司长期以来与特斯拉最激进的看涨预测相关联。</p>
<p>分析师安德鲁·佩尔科科将该股票评级下调至 “持平”，认为股价中已完全反映了 “人工智能溢价”。</p>
<p>尽管该公司在技术上将其目标价上调至 425 美元，但该数字远低于当前交易水平，实际上表明没有上涨空间。</p>
<p>“‘任何价格都要增长’ 的阶段已经结束；市场正在转向 ‘给我看看收入’，” 分析师团队指出，强调特斯拉的估值。</p>
<p>这种谨慎源于硬数据。</p>
<p>特斯拉最近在其投资者关系网站上罕见地发布了公司编制的共识，预计 2025 年第四季度交付量约为 420,000 辆。</p>
<p>这一数字比第三季度创纪录的 497,000 辆下降了 15%，这一顺序下降违背了典型的年末销售热潮。</p>
<p>分析师将这一放缓归因于中国等关键市场需求降温以及特斯拉为 2026 年车型推出进行的供应链调整。</p>
<h2>特斯拉处于转折点</h2>
<p>直接的催化剂是预计在几天内发布的第四季度交付报告。</p>
<p>如果实际数字低于下调后的 420,000 辆标准，可能会确认需求正在比成本削减更快地减弱的担忧。</p>
<p>投资者还在为下一个财报电话会议做好准备，届时焦点将转向汽车毛利率。在定价能力受到压力的情况下，任何毛利率的下滑都可能迫使股票迅速重新定价。</p>
<p>技术指标表明战场正在转移。</p>
<p>尽管看涨者指出人工智能和机器人技术的 “黄金时代”，韦德布什基于网络出租车叙事维持了 600 美元的华尔街最高目标，但机构资金流动则讲述了一个更谨慎的故事。</p>
<p>特斯拉飙升的股价与交付增长停滞之间的近期分歧使空头头寸略有上升，对冲基金对 “现实检查” 修正进行对冲。</p>
<p>分析师降低了预期，造成了直接的下行风险，但确定了明确的复苏里程碑。</p>
<p>投资者应密切关注即将发布的交付数据和毛利率指引，这些指标将决定当前的下调周期是暂时的波动还是更长的估值重置的开始。</p>
<p>特斯拉股票前景黯淡，分析师削减增长预期，首次出现在 Invezz 上。</p>

特斯拉

2 倍做空特斯拉 ETF - GraniteShares

2 倍做多特斯拉 ETF - Direxion

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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>特斯拉股票（NASDAQ: TSLA）保持平稳，因为包括摩根士丹利在内的分析师在第四季度交付报告发布前下调了增长预测。该公司将股票评级下调至 “持平”，并指出 “人工智能溢价” 已完全反映在股价中，目标价为 425 美元，低于当前水平。分析师预计 2025 年第四季度交付量为 42 万辆，比第三季度下降 15%，原因是主要市场需求放缓。投资者在交付报告和财报电话会议前保持谨慎，如果利润率下滑，可能面临下行风险</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251024_2152_Tesla-Data-Highway_simple_compose_01k8bgb518edb9pt5bnc48txm7.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/10/20251024_2152_Tesla-Data-Highway_simple_compose_01k8bgb518edb9pt5bnc48txm7.png"/></p>
<p>Tesla stock (NASDAQ: TSLA) remained in the flat territory Tuesday as Wall Street analysts moved to the sidelines, trimming growth forecasts ahead of the electric automaker’s fourth-quarter delivery report.</p>
<div class="lb-trans"><p>特斯拉股票（NASDAQ: TSLA）周二保持在平稳区域，因为华尔街分析师转向观望，削减了电动汽车制造商第四季度交付报告前的增长预测。</p>
</div><p>The share price was slightly up, after facing some serious headwinds in December as Morgan Stanley downgraded the name, citing slowing momentum and a valuation that has detached from near-term fundamentals.</p>
<div class="lb-trans"><p>股价略有上涨，此前在 12 月面临一些严重的阻力，因为摩根士丹利下调了该股票评级，理由是动能减缓以及估值已脱离近期基本面。</p>
</div><p>The analyst mood marks a shift that tempers investor enthusiasm following the stock’s record run in December.</p>
<div class="lb-trans"><p>分析师的情绪标志着一种转变，抑制了投资者在 12 月创纪录上涨后的热情。</p>
</div><h2>Tesla stock: Analyst revisions and the data behind them</h2>
<div class="lb-trans"><h2>特斯拉股票：分析师修正及其背后的数据</h2>
</div><p>The most significant jolt came from Morgan Stanley, a firm long associated with the wildest bullish calls on Tesla.</p>
<div class="lb-trans"><p>最显著的冲击来自摩根士丹利，这家公司长期以来与特斯拉最激进的看涨预测相关联。</p>
</div><p>Analyst Andrew Percoco lowered the stock to “Equal-weight,” arguing that the “AI premium” baked into the share price is now fully priced in.</p>
<div class="lb-trans"><p>分析师安德鲁·佩尔科科将该股票评级下调至 “持平”，认为股价中已完全反映了 “人工智能溢价”。</p>
</div><p>While the firm technically raised its price target to $425, that figure sits comfortably below current trading levels, effectively signaling zero upside.</p>
<div class="lb-trans"><p>尽管该公司在技术上将其目标价上调至 425 美元，但该数字远低于当前交易水平，实际上表明没有上涨空间。</p>
</div><p>“The ‘growth at any price’ phase is over; the market is moving to ‘show me the revenue,'” the analyst team noted, pointing out that Tesla’s valuation.</p>
<div class="lb-trans"><p>“‘任何价格都要增长’ 的阶段已经结束；市场正在转向 ‘给我看看收入’，” 分析师团队指出，强调特斯拉的估值。</p>
</div><p>This caution is rooted in hard data.</p>
<div class="lb-trans"><p>这种谨慎源于硬数据。</p>
</div><p>In a rare move, Tesla recently published a company-compiled consensus on its own investor relations site, projecting Q4 2025 deliveries of approximately 420,000 units.</p>
<div class="lb-trans"><p>特斯拉最近在其投资者关系网站上罕见地发布了公司编制的共识，预计 2025 年第四季度交付量约为 420,000 辆。</p>
</div><p>That figure represents a 15% decline from the record 497,000 vehicles delivered in the third quarter, a sequential drop that defies the typical year-end sales blitz.</p>
<div class="lb-trans"><p>这一数字比第三季度创纪录的 497,000 辆下降了 15%，这一顺序下降违背了典型的年末销售热潮。</p>
</div><p>Analysts attribute this slowdown to cooling demand in key markets like China and supply chain calibrations as Tesla preps for 2026 model rollouts.</p>
<div class="lb-trans"><p>分析师将这一放缓归因于中国等关键市场需求降温以及特斯拉为 2026 年车型推出进行的供应链调整。</p>
</div><h2>Tesla at inflection point</h2>
<div class="lb-trans"><h2>特斯拉处于转折点</h2>
</div><p>The immediate catalyst is the Q4 delivery report, expected within days.</p>
<div class="lb-trans"><p>直接的催化剂是预计在几天内发布的第四季度交付报告。</p>
</div><p>If actual numbers miss the lowered 420,000-unit bar, it could confirm fears that demand is softening faster than cost-cuts can compensate.</p>
<div class="lb-trans"><p>如果实际数字低于下调后的 420,000 辆标准，可能会确认需求正在比成本削减更快地减弱的担忧。</p>
</div><p>Investors are also bracing for the next earnings call, where the focus will shift to automotive gross margins. With pricing power under pressure, any slip in margins could force a rapid repricing of the stock.</p>
<div class="lb-trans"><p>投资者还在为下一个财报电话会议做好准备，届时焦点将转向汽车毛利率。在定价能力受到压力的情况下，任何毛利率的下滑都可能迫使股票迅速重新定价。</p>
</div><p>Technical indicators suggest the battleground is shifting.</p>
<div class="lb-trans"><p>技术指标表明战场正在转移。</p>
</div><p>While bulls point to a “golden era” of AI and robotics, with Wedbush maintaining a Street-high $600 target based on the Cybercab narrative, institutional flows tell a more cautious story.</p>
<div class="lb-trans"><p>尽管看涨者指出人工智能和机器人技术的 “黄金时代”，韦德布什基于网络出租车叙事维持了 600 美元的华尔街最高目标，但机构资金流动则讲述了一个更谨慎的故事。</p>
</div><p>The recent divergence between Tesla’s soaring stock price and its flatlining delivery growth has pushed short interest slightly higher, as hedge funds hedge against a “reality check” correction.</p>
<div class="lb-trans"><p>特斯拉飙升的股价与交付增长停滞之间的近期分歧使空头头寸略有上升，对冲基金对 “现实检查” 修正进行对冲。</p>
</div><p>Analysts have dampened expectations, creating immediate downside risk but identifying clear milestones for recovery.</p>
<div class="lb-trans"><p>分析师降低了预期，造成了直接的下行风险，但确定了明确的复苏里程碑。</p>
</div><p>Investors should watch the upcoming delivery print and margin guidance closely, these metrics will determine whether the current downgrade cycle is a temporary blip or the start of a longer valuation reset.</p>
<div class="lb-trans"><p>投资者应密切关注即将发布的交付数据和毛利率指引，这些指标将决定当前的下调周期是暂时的波动还是更长的估值重置的开始。</p>
</div><p>The post Tesla stock outlook dims as analysts trim growth expectations appeared first on Invezz</p>
<div class="lb-trans"><p>特斯拉股票前景黯淡，分析师削减增长预期，首次出现在 Invezz 上。</p>
</div>

Tesla stock outlook dims as analysts trim growth expectations

- Tesla 股价维持平稳，分析师预计未来增长放缓。  
- 摩根士丹利降级至 “持平”，并调整 Q4 交付预期至 420,000 辆。  
- 投资者关注即将发布的交付报告与利润率指引。

由于分析师下调增长预期，特斯拉股票前景变得黯淡