<p>汽車巨頭 <strong>特斯拉公司 NASDAQ: TSLA</strong> 的股價在週三收於 350 美元以下，繼續經歷乏善可陳的幾天。儘管上個月突破了其旗形圖案，但自 5 月以來，股價基本持平，看起來疲態盡顯。</p>
<p>對於多頭來説，反覆未能突破 360 美元的失敗開始累積，成為股價的負擔。過去幾個月，這一水平多次充當強勁阻力，每次拒絕都削弱了市場信心。</p>
<p>挫敗感正在加劇，關於特斯拉在美國市場份額的最新報告幾乎不會緩解這種擔憂。</p>
<p>對於一隻 <strong>市盈率接近 200 倍的股票</strong>，原本看似強勁的年末表現現在變得有些不切實際。投資者在思考：這裏還有機會嗎，還是該準備離場？</p>
<h2>市場份額下滑引發警惕</h2>
<p>本週早些時候的一份研究報告引發了廣泛關注。根據 Cox Automotive 的數據，特斯拉在美國的市場份額 <strong>在 8 月份降至 38%</strong>，首次跌破 40% 大關。這代表着該公司自 2017 年以來的八年低點，曾經佔據市場 80% 以上的份額。</p>
<p>儘管特斯拉以電動車（EV）領導者的身份建立了品牌，但競爭對手迅速崛起，推出了新車型，而特斯拉的車型開始顯得老舊。</p>
<p>更廣泛的行業仍在擴張，分析師預計美國電動車銷售將在 9 月份繼續增長。但隨着聯邦税收抵免在本月底到期，這一利好因素可能會迅速消退。</p>
<p>對於特斯拉而言，已經不得不在中國降價以捍衞其市場地位，額外的逆風風險可能會繼續侵蝕其利潤和利潤率。</p>
<p>更令人不安的是，該公司備受期待的機器人出租車發佈似乎未能如預期般成功。夏季在奧斯汀的有限推出遠未達到許多人所期待的廣泛顛覆。樂觀情緒已降温，隨着完全自動駕駛距離監管批准仍然遙遠，特斯拉不再看起來是自動駕駛領域的絕對領導者。</p>
<p>每月數據的悲觀情緒對市場情緒造成了沉重打擊，這對特斯拉這樣的高估值公司來説是危險的。</p>
<h2>技術面看起來脆弱</h2>
<h3>特斯拉公司 (TSLA) 2025 年 9 月 12 日的價格圖表</h3>
<p>從技術角度來看，特斯拉的股票現在走在一條繩索上。反覆未能突破 360 美元的失敗，回到夏季之前，正在形成一種買家想要放棄的局面。如果發生這種情況，回調至 320 美元的拋售看起來很可能，而 4 月份的上升趨勢線將作為第一道防線。</p>
<p>然而，如果這一防線失效，300 美元將成為關鍵，此時所有的賭注都可能失效。考慮到這隻股票一直是基於明天會比今天更好的承諾而建立其反彈，其歷史記錄顯示，如果空頭控制局面，它可能會像石頭一樣下沉。</p>
<p>換句話説， <strong>特斯拉迫切需要一個新的催化劑</strong>。如果沒有積極的消息，無論是更強的銷售、自動駕駛的監管勝利，還是重大產品更新，風險都傾向於更深的回調。投資者已經習慣於看到特斯拉在下跌後迅速反彈，但這次的局勢無疑更加脆弱。</p>
<h2>分析師仍然看好未來</h2>
<p>儘管風險不斷增加，但並非所有人都準備放棄特斯拉。事實上，華爾街的一些大牌仍然看好該股。</p>
<p>例如，就在上週，摩根士丹利和 Stifel Nicolaus 重申了對該股的增持評級，<strong>目標價在 400 美元以上</strong>。Stifel 尤其樂觀，認為特斯拉有可能上漲至 440 美元，意味着從當前水平大約有 25% 的上漲空間。</p>
<p>這種分析師的信心很重要。它反映出特斯拉在自動駕駛、機器人和能源存儲等領域的長期選擇性，仍然使其成為一個獨特的增長故事。儘管目前感覺緩慢，但潛在的回報可能足夠大，以保持投資者的參與。</p>
<p>挑戰在於，基本面在短期內正在惡化，使得股票看起來被高估。在情況沒有改變之前，投資者謹慎行事是正確的。</p>
<h2>你現在應該投資 1000 美元在特斯拉嗎？</h2>
<p>在考慮特斯拉之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦現在購買，以便在更廣泛的市場注意到之前……而特斯拉並不在名單上。</p>
<p>雖然特斯拉目前在分析師中獲得了持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>查看這五隻股票的詳情</p>

摩根士丹利

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>特斯拉在美國的市場份額已降至 38%，創下八年來的新低，這引發了人們的擔憂，因為該股在突破 360 美元時遇到困難。分析師們意見不一；一些人因基本面惡化而表示謹慎，而摩根士丹利和 Stifel Nicolaus 等則保持樂觀，目標價在 400 美元以上。公司面臨日益激烈的競爭以及機器人出租車推出的挑戰，這導致人們擔心利潤率進一步下降。投資者在該股的技術面看起來脆弱的情況下，面臨是否持有或退出的困惑</p>

<p>Shares of automotive giant <strong>Tesla Inc. NASDAQ: TSLA</strong> closed just under $350 on Wednesday, continuing a lackluster couple of sessions. The stock looks tired and is essentially flat since May despite a breakout from its pennant pattern last month.</p>
<div class="lb-trans"><p>汽車巨頭 <strong>特斯拉公司 NASDAQ: TSLA</strong> 的股價在週三收於 350 美元以下，繼續經歷乏善可陳的幾天。儘管上個月突破了其旗形圖案，但自 5 月以來，股價基本持平，看起來疲態盡顯。</p>
</div><p>For the bulls, the repeated failures to punch through $360 are starting to add up and become a weight around the stock's neck. That level has acted as stiff resistance several times over the past few months, and every rejection chips away at confidence.</p>
<div class="lb-trans"><p>對於多頭來説，反覆未能突破 360 美元的失敗開始累積，成為股價的負擔。過去幾個月，這一水平多次充當強勁阻力，每次拒絕都削弱了市場信心。</p>
</div><p>Frustration is mounting, and the latest reports on Tesla's U.S. market share will do little to ease concerns.</p>
<div class="lb-trans"><p>挫敗感正在加劇，關於特斯拉在美國市場份額的最新報告幾乎不會緩解這種擔憂。</p>
</div><p>For a stock still <strong>valued at close to 200x earnings</strong>, what was looking likely to be a strong end to the year is now a bit of a pipedream. Investors are wondering: is there still an opportunity here, or is it time to head for the exit?</p>
<div class="lb-trans"><p>對於一隻 <strong>市盈率接近 200 倍的股票</strong>，原本看似強勁的年末表現現在變得有些不切實際。投資者在思考：這裏還有機會嗎，還是該準備離場？</p>
</div><h2>Market Share Slide Raises Red Flags</h2>
<div class="lb-trans"><h2>市場份額下滑引發警惕</h2>
</div><p>A research report from earlier this week is causing much concern. According to Cox Automotive, Tesla's U.S. market share <strong>dropped to 38% in August</strong>, slipping below the 40% mark for the first time since 2017. That represents an eight-year low for a company that once dominated over 80% of the market.</p>
<div class="lb-trans"><p>本週早些時候的一份研究報告引發了廣泛關注。根據 Cox Automotive 的數據，特斯拉在美國的市場份額 <strong>在 8 月份降至 38%</strong>，首次跌破 40% 大關。這代表着該公司自 2017 年以來的八年低點，曾經佔據市場 80% 以上的份額。</p>
</div><p>While Tesla has built its brand on being the leader in electric vehicles (EVs), rivals are rapidly gaining ground with fresh lineups while Tesla's models begin to show their age.</p>
<div class="lb-trans"><p>儘管特斯拉以電動車（EV）領導者的身份建立了品牌，但競爭對手迅速崛起，推出了新車型，而特斯拉的車型開始顯得老舊。</p>
</div><p>The broader industry is still expanding, with analysts expecting U.S. EV sales to rise through September. But with federal tax credits expiring at the end of the month, that tailwind could quickly fade.</p>
<div class="lb-trans"><p>更廣泛的行業仍在擴張，分析師預計美國電動車銷售將在 9 月份繼續增長。但隨着聯邦税收抵免在本月底到期，這一利好因素可能會迅速消退。</p>
</div><p>For Tesla, which has already had to cut prices in China to defend its position against competition, the risk is that additional headwinds like this will only continue to erode its margins and profit.</p>
<div class="lb-trans"><p>對於特斯拉而言，已經不得不在中國降價以捍衞其市場地位，額外的逆風風險可能會繼續侵蝕其利潤和利潤率。</p>
</div><p>Adding to the unease, the company's highly anticipated robotaxi launch seems to have fallen flat. A limited rollout in Austin over the summer was far from the sweeping disruption many had expected. Optimism has cooled, and with full self-driving still far from regulatory approval, Tesla no longer looks like the runaway leader in autonomy.</p>
<div class="lb-trans"><p>更令人不安的是，該公司備受期待的機器人出租車發佈似乎未能如預期般成功。夏季在奧斯汀的有限推出遠未達到許多人所期待的廣泛顛覆。樂觀情緒已降温，隨着完全自動駕駛距離監管批准仍然遙遠，特斯拉不再看起來是自動駕駛領域的絕對領導者。</p>
</div><p>The monthly numbers' doom and gloom weigh heavily on sentiment, and that's dangerous for a company with Tesla's valuation.</p>
<div class="lb-trans"><p>每月數據的悲觀情緒對市場情緒造成了沉重打擊，這對特斯拉這樣的高估值公司來説是危險的。</p>
</div><h2>Technical Picture Looks Fragile</h2>
<div class="lb-trans"><h2>技術面看起來脆弱</h2>
</div><h3>Tesla, Inc. (TSLA) Price Chart for Friday, September, 12, 2025</h3>
<div class="lb-trans"><h3>特斯拉公司 (TSLA) 2025 年 9 月 12 日的價格圖表</h3>
</div><p>From a technical perspective, Tesla's stock is now walking a tightrope. The repeated failures at $360, returning to before the summer, are setting up a scenario where buyers just want to throw in the towel. If that happens, a selloff back toward $320 looks likely, with the rising uptrend from April acting as the first line of defense.</p>
<div class="lb-trans"><p>從技術角度來看，特斯拉的股票現在走在一條繩索上。反覆未能突破 360 美元的失敗，回到夏季之前，正在形成一種買家想要放棄的局面。如果發生這種情況，回調至 320 美元的拋售看起來很可能，而 4 月份的上升趨勢線將作為第一道防線。</p>
</div><p>However, should that fail, $300 comes into play, and at that point, all bets could be off. Given that this stock has always built its rallies on the promise of tomorrow being better than today, its track record shows it can sink like a stone if the bears take control.</p>
<div class="lb-trans"><p>然而，如果這一防線失效，300 美元將成為關鍵，此時所有的賭注都可能失效。考慮到這隻股票一直是基於明天會比今天更好的承諾而建立其反彈，其歷史記錄顯示，如果空頭控制局面，它可能會像石頭一樣下沉。</p>
</div><p>In other words, <strong>Tesla badly needs a fresh catalyst</strong>. Without positive news, whether in the form of stronger sales, regulatory wins for self-driving, or a significant product update, the risk is skewed toward a deeper pullback. Investors have grown used to seeing Tesla bounce back quickly from dips, but the setup is undoubtedly more fragile this time.</p>
<div class="lb-trans"><p>換句話説， <strong>特斯拉迫切需要一個新的催化劑</strong>。如果沒有積極的消息，無論是更強的銷售、自動駕駛的監管勝利，還是重大產品更新，風險都傾向於更深的回調。投資者已經習慣於看到特斯拉在下跌後迅速反彈，但這次的局勢無疑更加脆弱。</p>
</div><h2>Analysts Still See Big Upside</h2>
<div class="lb-trans"><h2>分析師仍然看好未來</h2>
</div><p>Despite the mounting risks, not everyone is ready to give up on Tesla. In fact, some of Wall Street's biggest names remain bullish.</p>
<div class="lb-trans"><p>儘管風險不斷增加，但並非所有人都準備放棄特斯拉。事實上，華爾街的一些大牌仍然看好該股。</p>
</div><p>Just last week, for example, Morgan Stanley and Stifel Nicolaus reiterated their Overweight ratings on the stock, with <strong>price targets above $400</strong>. Stifel is particularly optimistic and sees room for Tesla to rally as high as $440, implying roughly 25% upside from current levels.</p>
<div class="lb-trans"><p>例如，就在上週，摩根士丹利和 Stifel Nicolaus 重申了對該股的增持評級，<strong>目標價在 400 美元以上</strong>。Stifel 尤其樂觀，認為特斯拉有可能上漲至 440 美元，意味着從當前水平大約有 25% 的上漲空間。</p>
</div><p>That kind of analyst conviction matters. It reflects that Tesla's long-term optionality, from autonomy to robotics and energy storage, still makes it a unique growth story. While things feel sluggish, the potential payoff is likely big enough to keep investors engaged.</p>
<div class="lb-trans"><p>這種分析師的信心很重要。它反映出特斯拉在自動駕駛、機器人和能源存儲等領域的長期選擇性，仍然使其成為一個獨特的增長故事。儘管目前感覺緩慢，但潛在的回報可能足夠大，以保持投資者的參與。</p>
</div><p>The challenge is that the fundamentals are deteriorating in the near term, making the stock look stretched. Until something changes, investors are right to be cautious.</p>
<div class="lb-trans"><p>挑戰在於，基本面在短期內正在惡化，使得股票看起來被高估。在情況沒有改變之前，投資者謹慎行事是正確的。</p>
</div><h2>Should You Invest $1,000 in Tesla Right Now?</h2>
<div class="lb-trans"><h2>你現在應該投資 1000 美元在特斯拉嗎？</h2>
</div><p>Before you consider Tesla, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮特斯拉之前，你需要聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻股票，頂級分析師正在悄悄地向客户推薦現在購買，以便在更廣泛的市場注意到之前……而特斯拉並不在名單上。</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>雖然特斯拉目前在分析師中獲得了持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看這五隻股票的詳情</p>
</div>

Tesla's U.S. Market Is At An 8-Year Low... How Bad Could It Get?

- 特斯拉股價接近 $350，近期表現平平，未能突破 $360 阻力位。  
- 8 月市場份額降至 38%，為八年來最低，競爭對手迅速崛起。  
- 分析師仍看好特斯拉，目標價在 $400 以上，但短期基本面惡化。  

特斯拉在美國市場的表現已降至 8 年來的最低點……情況可能會有多糟糕？