<p><strong>特斯拉</strong>(TSLA -0.67%) 預計將在 7 月底發佈第二季度財報，對於能夠承受一定潛在波動的投資者來説，這隻股票值得考慮。最近的機器人出租車發佈改變了圍繞該股票的敍述，特斯拉可能會揭示另一個事件，這可能成為公司和股票的積極催化劑。以下是詳細信息。</p>
<h2>特斯拉的交付數據</h2>
<p>埃隆·馬斯克的公司通常在季度結束後不久發佈其季度生產和交付數據，<em>但</em> <em>在季度財報公佈之前</em>。這很重要，因為與大多數其他汽車製造商不同，特斯拉的交付量就是其季度銷售量。與通過經銷商銷售的傳統汽車製造商不同，特斯拉直接向消費者銷售，無論是在線還是通過其門店。</p>
<p>因此，投資者在財報發佈之前就已經知道特斯拉的銷售和生產量。預測這些數字是具有挑戰性的，您可能在本文發佈時就已經在閲讀這些數據。這裏有許多變數，尤其是 Model Y（全球最暢銷汽車）的更新，以及其在各個市場的可用時間。</p>
<h2>多頭與空頭在特斯拉股票上的爭鬥</h2>
<p>財報可能會顯示特斯拉在電動車（EV）市場失去市場份額的數據，這一趨勢在過去幾年中一直存在。例如，到 2022 年底，特斯拉在美國電動車市場的份額為 58%，到 2023 年底降至 50.9%，到 2024 年底降至 44.4%，最終在 2025 年第一季度降至 43.5%。</p>
<p>此外，來自美國和歐洲的早期銷售數據表明，特斯拉在 6 月需要一個大銷售月，以保持與分析師預期的步調。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTI4NDc4MjcyOC0xMjAxeDgwMC01YjJkZjc5LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTI4NDc4MjcyOC0xMjAxeDgwMC01YjJkZjc5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<p>空頭將認為這是由於車型疲軟的結果，擔心特斯拉正在失去競爭優勢。</p>
<p>與此同時，多頭將視其為競爭對手重金投資成果的必然結果，同時指出，在與每輛電動車銷售都在虧損以爭奪市場份額的競爭對手競爭時，期望特斯拉重現過去的市場份額是不現實的。對於多頭來説，長期成功的關鍵在於特斯拉降低每輛車的成本，從而增加電動車銷售，並可持續發展其新興的機器人出租車業務。</p>
<h2>特斯拉的三個潛在積極催化劑</h2>
<p>在空頭和多頭的論點中都有一些內容。特斯拉的投資者可能願意接受市場份額的下降，但他們不希望看到特斯拉的汽車銷售繼續下降，正如第一季度同比下降 20% 那樣。此外，特斯拉需要恢復生產增長，因為擴大規模通常是降低單位生產成本的最佳方式，而這也是公司學習如何降低成本的途徑。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTU4NjczMTQzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTU4NjczMTQzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<p>特斯拉需要這樣做，因為低成本車輛是機器人出租車案例的重要組成部分。無論是計劃在 2026 年進行大規模生產的專用機器人出租車 Cybercab，還是利用特斯拉尚未發佈的全自動駕駛（FSD）軟件將現有特斯拉電動車轉變為機器人出租車。</p>
<p>在這種背景下，特斯拉管理層在財報電話會議上可能會概述三件事情，這些事情都可能對股票產生積極影響：</p>
<ul>
<li>確認 2026 年 Cybercab 的大規模生產計劃。</li>
<li>可能擴展機器人出租車試點項目的細節。</li>
<li>在四月份的財報電話會議上，管理層承諾 “很快推出更便宜的車型，生產開始仍計劃在六月”，因此可以推測它將在七月確認這一點。</li>
</ul>
<p>第三個事件可以説是短期內最重要的。商業化機器人出租車將需要時間，而 Cybercab 的生產提升顯然與此相關。然而，特斯拉在 2025 年發佈低成本車型可能會振興其產品線，開始提升銷售，並利用其作為盈利電動車製造商的地位，擁有使電動車對大眾更可負擔的成本結構。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvaW52ZXN0aW5nLWluLWdyZWF0LXN0b2Nrcy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="467" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvaW52ZXN0aW5nLWluLWdyZWF0LXN0b2Nrcy5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>值得購買的股票</h2>
<p>特斯拉仍然是一隻投機性成長股，其機器人出租車開發成功與否沒有保證。儘管如此，發佈已經成為歷史，圍繞公司電動車銷售和市場份額的敍述可能會隨着低成本車型的推出而改變。如果，且這是一個很大的如果，特斯拉能夠遵守其時間表，那麼對於願意承受風險以獲得豐厚回報的投資者來説，這隻股票值得購買。</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

南方兩倍做多特斯拉

南方兩倍做空特斯拉

2 倍做多 TSLA ETF - GraniteShares

<p>特斯拉（TSLA）預計將在七月底發佈其第二季度財報，這對能夠承受波動的投資者來説可能是一個買入機會。最近的機器人出租車發佈改變了股票的敍事，未來的生產和交付數據將至關重要。儘管特斯拉在電動車領域的市場份額有所下降，但該公司旨在降低車輛成本並擴大其機器人出租車項目。關鍵催化因素包括對 Cybercab 的計劃、機器人出租車試點的細節以及推出低成本車型，這些都可能振興銷售並改善市場定位</p>

<p><strong>Tesla</strong>(TSLA -0.67%) is expected to release its second-quarter earnings in late July, making the stock worth considering for investors who can tolerate some potential volatility. The recent robotaxi launch has altered the narrative surrounding the stock, and Tesla may reveal another event that could prove a positive catalyst for the company and the stock. Here's the lowdown.</p>
<div class="lb-trans"><p><strong>特斯拉</strong>(TSLA -0.67%) 預計將在 7 月底發佈第二季度財報，對於能夠承受一定潛在波動的投資者來説，這隻股票值得考慮。最近的機器人出租車發佈改變了圍繞該股票的敍述，特斯拉可能會揭示另一個事件，這可能成為公司和股票的積極催化劑。以下是詳細信息。</p>
</div><h2>Tesla's delivery data</h2>
<div class="lb-trans"><h2>特斯拉的交付數據</h2>
</div><p>Elon Musk's company typically releases its production and delivery data for the quarter shortly after the quarter has ended, <em>but</em> <em>before the quarter's earnings are reported</em>. That matters because, unlike most other automakers, Tesla's deliveries are its sales volumes in the quarter. Unlike legacy automakers that sell through dealers, Tesla sells directly to consumers, either online or through its stores.</p>
<div class="lb-trans"><p>埃隆·馬斯克的公司通常在季度結束後不久發佈其季度生產和交付數據，<em>但</em> <em>在季度財報公佈之前</em>。這很重要，因為與大多數其他汽車製造商不同，特斯拉的交付量就是其季度銷售量。與通過經銷商銷售的傳統汽車製造商不同，特斯拉直接向消費者銷售，無論是在線還是通過其門店。</p>
</div><p>As such, investors will already be aware of Tesla's sales and production volumes before the earnings release. It's challenging to predict the numbers, and you may be reading them by the time this article is published. There are numerous moving parts here, not least of which is the refresh of the Model Y (the world's best-selling car) , as well as the timing of its availability in various markets.</p>
<div class="lb-trans"><p>因此，投資者在財報發佈之前就已經知道特斯拉的銷售和生產量。預測這些數字是具有挑戰性的，您可能在本文發佈時就已經在閲讀這些數據。這裏有許多變數，尤其是 Model Y（全球最暢銷汽車）的更新，以及其在各個市場的可用時間。</p>
</div><h2>The bulls and bears battle it out over Tesla stock</h2>
<div class="lb-trans"><h2>多頭與空頭在特斯拉股票上的爭鬥</h2>
</div><p>The earnings report is likely to reveal data indicating that Tesla lost share in the electric vehicle (EV) market, a trend that has persisted for the past few years. For example, at the end of 2022, Tesla held 58% of the U.S. EV market, a figure that fell to 50.9% by the end of 2023, then to 44.4% by the end of 2024, and finally to 43.5% in the first quarter of 2025.</p>
<div class="lb-trans"><p>財報可能會顯示特斯拉在電動車（EV）市場失去市場份額的數據，這一趨勢在過去幾年中一直存在。例如，到 2022 年底，特斯拉在美國電動車市場的份額為 58%，到 2023 年底降至 50.9%，到 2024 年底降至 44.4%，最終在 2025 年第一季度降至 43.5%。</p>
</div><p>In addition, sales data from the U.S. and Europe from early in the quarter suggests Tesla is going to need a big sales month in June to stay on track for meeting analyst estimates.</p>
<div class="lb-trans"><p>此外，來自美國和歐洲的早期銷售數據表明，特斯拉在 6 月需要一個大銷售月，以保持與分析師預期的步調。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTI4NDc4MjcyOC0xMjAxeDgwMC01YjJkZjc5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822846%2Fgettyimages-1284782728-1201x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>The bears will argue that this is a consequence of a tired lineup of vehicles, amid concerns that Tesla is losing its competitive edge.</p>
<div class="lb-trans"><p>空頭將認為這是由於車型疲軟的結果，擔心特斯拉正在失去競爭優勢。</p>
</div><p>At the same time, the bulls will see it as an inevitable consequence of the fruition of heavy investments by its competitors, while noting that it's unrealistic to expect the kind of market share Tesla had in the past when it's competing with rivals taking heavy losses on every EV sold to win market share. For the bulls, the key to long-term success is Tesla's ability to lower its cost per vehicle, allowing it to increase EV sales and develop its nascent robotaxi business sustainably.</p>
<div class="lb-trans"><p>與此同時，多頭將視其為競爭對手重金投資成果的必然結果，同時指出，在與每輛電動車銷售都在虧損以爭奪市場份額的競爭對手競爭時，期望特斯拉重現過去的市場份額是不現實的。對於多頭來説，長期成功的關鍵在於特斯拉降低每輛車的成本，從而增加電動車銷售，並可持續發展其新興的機器人出租車業務。</p>
</div><h2>Three potential positive catalysts for Tesla</h2>
<div class="lb-trans"><h2>特斯拉的三個潛在積極催化劑</h2>
</div><p>There's something in both bearish and bullish cases. Tesla investors may be willing to accept a decline in market share, but they won't want to see Tesla's automotive sales continue to decline, as they did in the first quarter with a 20% year-over-year drop. Moreover, Tesla needs to get back to production growth because building scale is usually the best way to lower the unit cost of production, and that's how companies learn how to reduce costs in general.</p>
<div class="lb-trans"><p>在空頭和多頭的論點中都有一些內容。特斯拉的投資者可能願意接受市場份額的下降，但他們不希望看到特斯拉的汽車銷售繼續下降，正如第一季度同比下降 20% 那樣。此外，特斯拉需要恢復生產增長，因為擴大規模通常是降低單位生產成本的最佳方式，而這也是公司學習如何降低成本的途徑。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvZ2V0dHlpbWFnZXMtMTU4NjczMTQzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822846%2Fgettyimages-158673143-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>Tesla needs to do this because lower-cost vehicles are an integral part of the case for robotaxis. Whether it's a dedicated robotaxi vehicle like the Cybercab due for volume production in 2026, or existing Tesla EVs transformed into robotaxis using Tesla's as-yet-unreleased autonomous full self-driving (FSD) software.</p>
<div class="lb-trans"><p>特斯拉需要這樣做，因為低成本車輛是機器人出租車案例的重要組成部分。無論是計劃在 2026 年進行大規模生產的專用機器人出租車 Cybercab，還是利用特斯拉尚未發佈的全自動駕駛（FSD）軟件將現有特斯拉電動車轉變為機器人出租車。</p>
</div><p>In this context, there are three things Tesla's management could outline on the earnings call, and they are all likely to be positive for the stock:</p>
<div class="lb-trans"><p>在這種背景下，特斯拉管理層在財報電話會議上可能會概述三件事情，這些事情都可能對股票產生積極影響：</p>
</div><ul>
<li>Affirm the plan for volume production of the Cybercab in 2026.</li>
<li>Details of the potential expansion of the robotaxi pilot program.</li>
<li>On the earnings call in April, management promised &#34;cheaper models to market soon, with the start of production still planned for June,&#34; so presumably it will be able to confirm this in July.</li>
</ul>
<div class="lb-trans"><ul>
<li>確認 2026 年 Cybercab 的大規模生產計劃。</li>
<li>可能擴展機器人出租車試點項目的細節。</li>
<li>在四月份的財報電話會議上，管理層承諾 “很快推出更便宜的車型，生產開始仍計劃在六月”，因此可以推測它將在七月確認這一點。</li>
</ul>
</div><p>The third event is arguably the most important in the near term. Commercializing robotaxis will take time, and the Cybercab production ramp is understandably tied to that. However, Tesla's release of lower-cost models in 2025 could revitalize its lineup, start boosting sales, and capitalize on its position as a profitable EV maker with a cost structure that makes EVs more affordable to the mass public.</p>
<div class="lb-trans"><p>第三個事件可以説是短期內最重要的。商業化機器人出租車將需要時間，而 Cybercab 的生產提升顯然與此相關。然而，特斯拉在 2025 年發佈低成本車型可能會振興其產品線，開始提升銷售，並利用其作為盈利電動車製造商的地位，擁有使電動車對大眾更可負擔的成本結構。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4NDYvaW52ZXN0aW5nLWluLWdyZWF0LXN0b2Nrcy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822846%2Finvesting-in-great-stocks.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>A stock to buy</h2>
<div class="lb-trans"><h2>值得購買的股票</h2>
</div><p>Tesla remains a speculative growth stock, and there's no guarantee that its robotaxi development will be successful. That said, the launch is now history, and the narrative around the company's EV sales and market share could change with the introduction of lower-cost models. If, and it's a big if, Tesla sticks to its timelines, then the stock is worth buying for investors willing to tolerate risk for a substantial reward.</p>
<div class="lb-trans"><p>特斯拉仍然是一隻投機性成長股，其機器人出租車開發成功與否沒有保證。儘管如此，發佈已經成為歷史，圍繞公司電動車銷售和市場份額的敍述可能會隨着低成本車型的推出而改變。如果，且這是一個很大的如果，特斯拉能夠遵守其時間表，那麼對於願意承受風險以獲得豐厚回報的投資者來説，這隻股票值得購買。</p>
</div>

Here's Why Tesla Stock Is a Buy Before the End of July

- 特斯拉預計將在 7 月底發佈第二季度財報，投資者需關注潛在波動。  
- 特斯拉在電動車市場的份額持續下降，2025 年第一季度降至 43.5%。  
- 低成本車型的推出可能會刺激銷售，改善市場表現。  

以下是為什麼在七月底之前應該買入特斯拉股票的原因