大摩表示,特斯拉正通过Robotaxi与Optimus构建“飞轮效应”,加速向实体AI转型。Robotaxi作为近期的核心催化剂,凭借结构性成本优势与奥斯汀的无监督测试,预计2026年启动量产;而Optimus则代表长期增长空间。尽管坐拥440亿美元现金,但受超200亿美元资本支出拖累,特斯拉2026年或面临现金流缺口,核心业务的盈利能力将是其转型基石。特斯拉正围绕Robotaxi和Optimus...
Source Link大摩表示,特斯拉正通过Robotaxi与Optimus构建“飞轮效应”,加速向实体AI转型。Robotaxi作为近期的核心催化剂,凭借结构性成本优势与奥斯汀的无监督测试,预计2026年启动量产;而Optimus则代表长期增长空间。尽管坐拥440亿美元现金,但受超200亿美元资本支出拖累,特斯拉2026年或面临现金流缺口,核心业务的盈利能力将是其转型基石。特斯拉正围绕Robotaxi和Optimus...
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