<p>在唐納德·特朗普上週當選後經歷了一輪戲劇性的牛市後，<strong>特斯拉</strong>（TSLA -6.11%）的股價今天終於開始降温，隨着 <strong>標準普爾 500 指數</strong> 的首次下跌，股價回落至更廣泛的拋售趨勢中。</p>
<p>雖然沒有關於特斯拉的重大公司新聞，但 <strong>赫茲全球</strong> 再次提供了證據，表明電動車（EV）的需求並沒有像看漲者所希望的那樣強勁。投資者似乎在質疑該股的估值，因為在選舉後的四個交易日內，股價幾乎上漲了 40%。</p>
<p>截至東部時間下午 2:56，該股下跌了 5%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTc2MDYvdGVzbGEtbW9kZWwtMy5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTc2MDYvdGVzbGEtbW9kZWwtMy5qcGcmdz03MDA"/></p>
<p>圖片來源：特斯拉。</p>
<h2>特斯拉耗盡動力</h2>
<p>唯一可能直接影響股價的消息是赫茲宣佈其繼續看到電動車的需求疲軟，並將在年底前出售 30,000 輛電動車。相關地，J.D. Power 預測，未來兩年將有大量電動車從租賃中退市，到今年年底將達到 65,600 輛，到 2026 年將達到 215,000 輛。</p>
<p>然而，今天拋售的主要原因似乎與情緒和估值有關，因為特斯拉的激增並沒有給業務帶來明顯的好處，隨着市場的整體回調，投資者似乎在説選舉後的反彈已經失去了動力。</p>
<h2>特斯拉值得購買嗎？</h2>
<p>在選舉後，特斯拉的股價飆升，因為首席執行官埃隆·馬斯克與特朗普緊密相連，但尚不清楚獲得總統的青睞是否會對他的電動車公司帶來好處。</p>
<p>畢竟，特朗普在競選中提出要取消電動車和其他清潔能源項目的税收抵免，而馬斯克本人也抱怨説，價格可承受性是阻礙特斯拉及更廣泛電動車獲得更多市場份額的最大因素之一。失去這一抵免，價值高達 7,500 美元的特斯拉部分車型將顯然對公司產生負面影響。</p>
<p>投資者最終希望特朗普政府能夠放寬關於自動駕駛的規定，使特斯拉更容易推出其新的機器人出租車或網絡出租車，但安全性和公眾認知將是對這些車輛的最關鍵考驗。如果它們導致事故，而特斯拉被認為從政府那裏獲得了特殊待遇，這將可能對其聲譽造成災難性影響。</p>
<p>儘管馬斯克與特朗普關係密切，但公司仍然面臨許多不確定性，股價的交易倍數也很高。如果與特朗普相關的理論未能實現，特斯拉的股價可能會大幅下跌。</p>

特斯拉

<p>特斯拉股票正在經歷回調，因市場整體下跌而下跌 5%，此前在選舉後經歷了顯著的反彈。此次下跌歸因於對電動車需求的擔憂，因為赫茲宣佈銷售疲軟，並計劃出售 30,000 輛電動車。投資者對特斯拉的估值產生質疑，因為其股價在沒有明確商業利益的情況下上漲了近 40%。關於特朗普政府對電動車税收抵免和監管的潛在影響仍存在不確定性，這導致市場對該股票未來表現的猜測</p>

<p>After a dramatic bull run following the election of Donald Trump last week, <strong>Tesla</strong>(TSLA -6.11%) shares are finally cooling off today, pulling back in line with a broader sell-off as the <strong>S&amp;P 500</strong> is headed for its first decline since the election.</p>
<div class="lb-trans"><p>在唐納德·特朗普上週當選後經歷了一輪戲劇性的牛市後，<strong>特斯拉</strong>（TSLA -6.11%）的股價今天終於開始降温，隨着 <strong>標準普爾 500 指數</strong> 的首次下跌，股價回落至更廣泛的拋售趨勢中。</p>
</div><p>There was no major company-specific news out on Tesla, though <strong>Hertz Global</strong> again offered evidence that demand for electric vehicles (EVs) isn't as strong as bulls have hoped. Investors appear to be questioning the valuation after the stock jumped nearly 40% over the four sessions after the election.</p>
<div class="lb-trans"><p>雖然沒有關於特斯拉的重大公司新聞，但 <strong>赫茲全球</strong> 再次提供了證據，表明電動車（EV）的需求並沒有像看漲者所希望的那樣強勁。投資者似乎在質疑該股的估值，因為在選舉後的四個交易日內，股價幾乎上漲了 40%。</p>
</div><p>As of 2:56 p.m. ET, the stock was down 5%.</p>
<div class="lb-trans"><p>截至東部時間下午 2:56，該股下跌了 5%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTc2MDYvdGVzbGEtbW9kZWwtMy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F797606%2Ftesla-model-3.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Tesla.</p>
<div class="lb-trans"><p>圖片來源：特斯拉。</p>
</div><h2>Tesla runs out of gas</h2>
<div class="lb-trans"><h2>特斯拉耗盡動力</h2>
</div><p>The only piece of news that would have directly weighed on the stock was Hertz's announcement that it continues to see weak demand for EVs and will sell 30,000 of them by the end of the year. Relatedly, J.D. Power projected that EVs coming off leases would also flood the market in the next two years, hitting 65,600 by the end of this year and 215,000 by 2026.</p>
<div class="lb-trans"><p>唯一可能直接影響股價的消息是赫茲宣佈其繼續看到電動車的需求疲軟，並將在年底前出售 30,000 輛電動車。相關地，J.D. Power 預測，未來兩年將有大量電動車從租賃中退市，到今年年底將達到 65,600 輛，到 2026 年將達到 215,000 輛。</p>
</div><p>However, the main reason for today's sell-off seemed to be related to sentiment and valuation as Tesla's surge has come without any clear benefit to the business, and with the broader pullback in the market, investors seem to be saying the post-election rally has run out of steam.</p>
<div class="lb-trans"><p>然而，今天拋售的主要原因似乎與情緒和估值有關，因為特斯拉的激增並沒有給業務帶來明顯的好處，隨着市場的整體回調，投資者似乎在説選舉後的反彈已經失去了動力。</p>
</div><h2>Is Tesla a buy?</h2>
<div class="lb-trans"><h2>特斯拉值得購買嗎？</h2>
</div><p>Tesla has soared in the aftermath of the election as CEO Elon Musk closely aligned himself with Trump, but it's not fully clear that getting in the president's good graces is going to benefit his EV company.</p>
<div class="lb-trans"><p>在選舉後，特斯拉的股價飆升，因為首席執行官埃隆·馬斯克與特朗普緊密相連，但尚不清楚獲得總統的青睞是否會對他的電動車公司帶來好處。</p>
</div><p>After all, Trump campaigned on a plan to eliminate the tax credit for EVs and other clean energy programs, and Musk himself has complained that affordability is one of the biggest factors preventing Tesla and EVs more broadly from gaining more market share. Losing the credit, which is worth as much as $7,500 on some of Tesla's vehicles, would seem to be a clear negative for the company.</p>
<div class="lb-trans"><p>畢竟，特朗普在競選中提出要取消電動車和其他清潔能源項目的税收抵免，而馬斯克本人也抱怨説，價格可承受性是阻礙特斯拉及更廣泛電動車獲得更多市場份額的最大因素之一。失去這一抵免，價值高達 7,500 美元的特斯拉部分車型將顯然對公司產生負面影響。</p>
</div><p>Investors are ultimately hopeful that the Trump administration will loosen up rules around autonomy, making it easier for Tesla to roll out its new robotaxi, or Cybercab, but safety and public perception will be the most critical test for the vehicles. If they cause accidents and Tesla is perceived as getting special favors from the government, that would likely be a disaster for its reputation.</p>
<div class="lb-trans"><p>投資者最終希望特朗普政府能夠放寬關於自動駕駛的規定，使特斯拉更容易推出其新的機器人出租車或網絡出租車，但安全性和公眾認知將是對這些車輛的最關鍵考驗。如果它們導致事故，而特斯拉被認為從政府那裏獲得了特殊待遇，這將可能對其聲譽造成災難性影響。</p>
</div><p>There's still a lot of uncertainty for the company despite Musk's cozy relationship with Trump, and the stock trades at a demanding multiple. If the Trump-related thesis doesn't work out, Tesla stock could have a long way to fall.</p>
<div class="lb-trans"><p>儘管馬斯克與特朗普關係密切，但公司仍然面臨許多不確定性，股價的交易倍數也很高。如果與特朗普相關的理論未能實現，特斯拉的股價可能會大幅下跌。</p>
</div>

Why Tesla Stock Was Pulling Back Today

- 特斯拉股價因市場整體回調而下跌，今日跌幅達 5%。  
- Hertz 表示電動車需求疲軟，計劃年底前出售 30,000 輛電動車。  
- 投資者對特斯拉估值產生疑慮，市場情緒轉向謹慎。  

為什麼特斯拉股票今天下跌