特斯拉(3Q25 纪要):Optimus 3 的发布和量产延迟到 2026 年

海豚投研
Oct 23, 2025

以下为海豚投研整理的有关$特斯拉(TSLA.US)FY25Q3 的财报电话会纪要,财报解读请移步《特斯拉:全靠星辰大海,又到为信仰买单时刻》特斯拉纪要总结:1. 汽车业务:现有产能将在 24 个月内(可能更短)达到年化 300 万台的生产速率,核心增量来自 2026 年第二季度投产的 Cybercab 车型。该车型专为全自动驾驶优化,无方向盘与踏板,聚焦运营成本最小化。需求层面无需额外刺激,“可...

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