<p><strong>特斯拉</strong>(TSLA 2.27%) 繼續帶領投資者經歷波動的旅程。儘管由於創始人兼首席執行官埃隆·馬斯克的 10 億美元股票購買，股價最近飆升，但這仍然是一家極具爭議的公司。無論是看漲還是看跌的投資者，都對特斯拉作為投資的價值提出了合理的論點。</p>
<p>目前這隻頂級電動車（EV）股票是買入、賣出還是持有？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1MTYvdGVzbGEtY2FyLWF0LXN1cGVyLWNoYXJnZXItc3RhdGlvbi5wbmcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="420" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1MTYvdGVzbGEtY2FyLWF0LXN1cGVyLWNoYXJnZXItc3RhdGlvbi5wbmcmdz03MDA"/></p>
<p>圖片來源：特斯拉。</p>
<h2>對估值的擔憂</h2>
<p>在過去十年中，特斯拉的股價上漲了 2300%（截至 9 月 18 日）。這一驚人的增長直接源於公司成功顛覆全球汽車行業，推出創新且技術領先的電動車隊。銷售額隨着時間的推移不斷上升，該品牌現在已廣為人知。</p>
<p>然而，股價已經過高。希望購買該股票的投資者必須支付高昂的價格，股價的市盈率（P/E）高達 246。這一估值足以讓許多特斯拉股東選擇賣出他們的持股——如此高的估值為實現未來穩定回報帶來了重大阻力。</p>
<h2>特斯拉的（可能的）未來</h2>
<p>更糟糕的是，特斯拉的汽車收入在第二季度同比下降了 16%，運營收入暴跌 42%。對馬斯克公眾形象的日益反感以及競爭加劇導致電動車業務面臨困境。</p>
<p>儘管如此，許多投資者相信，特斯拉在五年或十年後將會完全不同。他們押注於公司新推出的 Robotaxi 業務以及類人機器人等其他技術，認為這些可能最終會使特斯拉實現更高的銷售和收益。然而，儘管這些業務可能支撐當前的估值，但它們的成功並非確定無疑。</p>
<p>在特斯拉作為一家上市公司的大部分時間裏，股票一直高度投機，而這種情況現在仍然存在——在這些水平上，風險與回報的關係顯然不合理。</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>特斯拉的股票在投資者中仍然是一個有爭議的話題，最近在埃隆·馬斯克以 10 億美元購買後出現了波動。儘管過去十年股價上漲了 2300%，但其高達 246 的市盈率以及汽車收入下降 16% 的擔憂引發了對其估值的質疑。雖然一些投資者對未來的項目如 Robotaxi 持樂觀態度，但股票的投機性質和當前風險表明應採取謹慎的態度。爭論仍在繼續：特斯拉是買入、賣出還是持有？</p>

<p><strong>Tesla</strong>(TSLA 2.27%) continues to take investors on a volatile journey. While shares have soared recently due to founder and CEO Elon Musk's $1 billion stock purchase, this remains a very polarizing business. There are valid arguments coming from both bulls and bears as to Tesla's merits as an investment.</p>
<div class="lb-trans"><p><strong>特斯拉</strong>(TSLA 2.27%) 繼續帶領投資者經歷波動的旅程。儘管由於創始人兼首席執行官埃隆·馬斯克的 10 億美元股票購買，股價最近飆升，但這仍然是一家極具爭議的公司。無論是看漲還是看跌的投資者，都對特斯拉作為投資的價值提出了合理的論點。</p>
</div><p>Is this top electric vehicle (EV) stock a buy, sell, or hold right now?</p>
<div class="lb-trans"><p>目前這隻頂級電動車（EV）股票是買入、賣出還是持有？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzI1MTYvdGVzbGEtY2FyLWF0LXN1cGVyLWNoYXJnZXItc3RhdGlvbi5wbmcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832516%2Ftesla-car-at-super-charger-station.png&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>Concerns around valuation</h2>
<div class="lb-trans"><h2>對估值的擔憂</h2>
</div><p>In the past decade, Tesla shares have climbed 2,300% (as of Sept. 18). This phenomenal gain is a direct result of the company's success disrupting the global auto industry with its innovative and tech-forward EV fleet. Sales have trended higher over time, and the brand is now widely recognized.</p>
<div class="lb-trans"><p>在過去十年中，特斯拉的股價上漲了 2300%（截至 9 月 18 日）。這一驚人的增長直接源於公司成功顛覆全球汽車行業，推出創新且技術領先的電動車隊。銷售額隨着時間的推移不斷上升，該品牌現在已廣為人知。</p>
</div><p>However, the stock has overreached. Investors who wish to buy the stock must pay a hefty price tag with shares boasting a price-to-earnings (P/E) ratio in nosebleed territory at 246. This valuation is a convincing enough reason alone for many Tesla shareholders to sell out of their position -- such a high valuation introduces a major headwind to achieving solid future returns.</p>
<div class="lb-trans"><p>然而，股價已經過高。希望購買該股票的投資者必須支付高昂的價格，股價的市盈率（P/E）高達 246。這一估值足以讓許多特斯拉股東選擇賣出他們的持股——如此高的估值為實現未來穩定回報帶來了重大阻力。</p>
</div><h2>Tesla's (possible) future</h2>
<div class="lb-trans"><h2>特斯拉的（可能的）未來</h2>
</div><p>To make matters worse, Tesla's automotive revenue declined 16% year over year in the second quarter, and its operating income tanked 42%. A growing backlash against Musk's public profile and increased competition have led to struggles for the EV segment.</p>
<div class="lb-trans"><p>更糟糕的是，特斯拉的汽車收入在第二季度同比下降了 16%，運營收入暴跌 42%。對馬斯克公眾形象的日益反感以及競爭加劇導致電動車業務面臨困境。</p>
</div><p>That said, many investors believe that Tesla will look totally different five or 10 years down the road. They're betting that the company's newly launched Robotaxi business and other technologies like humanoid robots could eventually lead Tesla to higher sales and earnings. The success of those ventures is anything but certain, however, despite how much they may be propping up the current valuation.</p>
<div class="lb-trans"><p>儘管如此，許多投資者相信，特斯拉在五年或十年後將會完全不同。他們押注於公司新推出的 Robotaxi 業務以及類人機器人等其他技術，認為這些可能最終會使特斯拉實現更高的銷售和收益。然而，儘管這些業務可能支撐當前的估值，但它們的成功並非確定無疑。</p>
</div><p>For much of Tesla's existence as a publicly-traded company, the stock has been highly speculative, and that remains the case now -- the risk-reward profile simply doesn't make sense at these levels.</p>
<div class="lb-trans"><p>在特斯拉作為一家上市公司的大部分時間裏，股票一直高度投機，而這種情況現在仍然存在——在這些水平上，風險與回報的關係顯然不合理。</p>
</div>

Is Tesla Stock a Buy, Sell or Hold?

- 特斯拉股價因馬斯克的 10 億美元股票購買而波動。  
- 過去十年股價上漲 2300%，但市盈率高達 246。  
- 汽車收入下降 16%，未來前景不明，風險與回報不成比例。  

特斯拉的股票是應該買入、賣出還是持有？