<p><strong>特斯拉</strong>(TSLA -7.43%) 的股票在週一再次下跌，此前有消息稱其生產計劃出現重大延遲。截至東部時間下午 2 點，該公司的股價下跌了 7.3%，而 <strong>標準普爾 500 指數</strong> 下跌了 3.4%，市場對此反應強烈，主要是由於日益加劇的宏觀經濟擔憂。</p>
<p>投資者反應的公司特定消息是，特斯拉將推遲其 Model Y 的簡化版在美國的首發。這款價格較低的新電動車原定於本季度推出，但根據路透社的報道，現在將推遲到至少第三季度，甚至可能延遲到 2026 年，路透社未能得知延遲的原因。特斯拉的股票在 2025 年的交易中已下跌了 45%。</p>
<h2>現在特斯拉股票值得購買嗎？</h2>
<p>這家電動車巨頭計劃在週二市場收盤後發佈其第一季度業績。本月早些時候發佈的第一季度交付數據表明，該公司在此期間的銷售和盈利將大幅下降。</p>
<p>由於新款低價大眾市場 Model Y 的發佈被推遲，該公司的潛在銷售反彈也可能被延遲，公司的整體業績可能會受到重大影響。儘管經歷了大幅拋售，特斯拉的股票仍以高度依賴增長的估值進行交易。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b5fd6ee0fcab127d7ca1b61677f0d38f.png?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://media.ycharts.com/charts/b5fd6ee0fcab127d7ca1b61677f0d38f.png"/></p>
<p>TSLA 市盈率（前瞻性）數據來自 YCharts。</p>
<p>考慮到其交易價格超過今年預期收益的 88 倍，以及預期收入的約 6.7 倍，儘管有跡象表明其銷售在短期內將進一步下降，這隻股票看起來風險較大。鑑於其核心電動車業務面臨的短期挑戰，當前價格下的股票顯得昂貴。除非你對其機器人出租車服務將在未來幾年內成為主要收入和盈利驅動因素的前景非常看好，否則我認為現在最好暫時不購買特斯拉的股票。</p>

特斯拉

<p>特斯拉的股票在週一下跌了 7.3%，原因是其低價 Model Y 在美國的發佈延遲，現推遲至至少 2026 年第三季度。預計該公司將在即將發佈的第一季度財報中報告銷售和盈利的顯著下降。由於市盈率超過 88 以及電動車業務面臨的挑戰，分析師建議在對其未來的機器人出租車服務沒有強烈信心的情況下，暫時不要購買特斯拉的股票</p>

<p><strong>Tesla</strong>(TSLA -7.43%) stock fell again on Monday after news broke of a major delay in its production plans. As of 2 p.m. ET, the company's share price was down 7.3%, while the <strong>S&amp;P 500</strong> was down 3.4% as the market responded to intensifying macroeconomic concerns.</p>
<div class="lb-trans"><p><strong>特斯拉</strong>(TSLA -7.43%) 的股票在週一再次下跌，此前有消息稱其生產計劃出現重大延遲。截至東部時間下午 2 點，該公司的股價下跌了 7.3%，而 <strong>標準普爾 500 指數</strong> 下跌了 3.4%，市場對此反應強烈，主要是由於日益加劇的宏觀經濟擔憂。</p>
</div><p>The company-specific news that investors were reacting to was that Tesla will delay the U.S. debut of the bare-bones version of its Model Y. That lower-priced new electric vehicle (EV) was slated to launch this quarter, but its launch will now be pushed out to at least the third quarter, and possibly all the way into 2026, according to Reuters, which was unable to learn the reason for the delay. Tesla stock is now down by 45% across 2025's trading.</p>
<div class="lb-trans"><p>投資者反應的公司特定消息是，特斯拉將推遲其 Model Y 的簡化版在美國的首發。這款價格較低的新電動車原定於本季度推出，但根據路透社的報道，現在將推遲到至少第三季度，甚至可能延遲到 2026 年，路透社未能得知延遲的原因。特斯拉的股票在 2025 年的交易中已下跌了 45%。</p>
</div><h2>Is Tesla stock a buy right now?</h2>
<div class="lb-trans"><h2>現在特斯拉股票值得購買嗎？</h2>
</div><p>The electric vehicle (EV) giant is scheduled to publish its first-quarter results after the market closes Tuesday. The Q1 delivery figures it published earlier this month suggest that it will report significant declines in sales and earnings for the period.</p>
<div class="lb-trans"><p>這家電動車巨頭計劃在週二市場收盤後發佈其第一季度業績。本月早些時候發佈的第一季度交付數據表明，該公司在此期間的銷售和盈利將大幅下降。</p>
</div><p>With the release of the cheaper new mass-market Model Y being postponed, the company's potential sales rebound has likely also been delayed, and the company's overall performance for the year could take a significant hit. Despite its big sell-off, Tesla stock still trades at massively growth-dependent valuations.</p>
<div class="lb-trans"><p>由於新款低價大眾市場 Model Y 的發佈被推遲，該公司的潛在銷售反彈也可能被延遲，公司的整體業績可能會受到重大影響。儘管經歷了大幅拋售，特斯拉的股票仍以高度依賴增長的估值進行交易。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b5fd6ee0fcab127d7ca1b61677f0d38f.png" alt="" original-src="https://media.ycharts.com/charts/b5fd6ee0fcab127d7ca1b61677f0d38f.png"/></p>
<p>TSLA PE Ratio (Forward) data by YCharts.</p>
<div class="lb-trans"><p>TSLA 市盈率（前瞻性）數據來自 YCharts。</p>
</div><p>Given that it's changing hands at more than 88 times this year's expected earnings and approximately 6.7 times expected revenue despite indications that its sales will decline further in the near term, the stock looks risky. With the challenging near-term outlook for its core EV business, shares look expensive at current prices. Unless you're very bullish about the premise that its robotaxi service will emerge as a major revenue and earnings driver within the next couple of years, I think it would be best to hold off on buying Tesla stock right now.</p>
<div class="lb-trans"><p>考慮到其交易價格超過今年預期收益的 88 倍，以及預期收入的約 6.7 倍，儘管有跡象表明其銷售在短期內將進一步下降，這隻股票看起來風險較大。鑑於其核心電動車業務面臨的短期挑戰，當前價格下的股票顯得昂貴。除非你對其機器人出租車服務將在未來幾年內成為主要收入和盈利驅動因素的前景非常看好，否則我認為現在最好暫時不購買特斯拉的股票。</p>
</div>

Tesla Is Sinking Again Today: Is It Time to Buy the Stock?

- 特斯拉股價因生產計劃重大延遲再次下跌，跌幅達 7.3%。  
- 計劃推出的低價 Model Y 將推遲至第三季度或更晚，影響銷售預期。  
- 特斯拉第一季度業績預計將顯著下滑，股價面臨風險。  

特斯拉今天再次下跌：現在是買入這隻股票的好時機嗎？