特斯拉营收（280.4亿美元对278亿美元）和每股收益（48美分对43美分）均超预期，自由现金流为15.3亿美元，而预期为短缺49.2亿美元，利润率也更佳，盈利能力改善；其资本开支纪律未获市场认可，市场担忧数据中心和AI支出放缓在长期更为重要。
逐段跳播
Kevin，在我们聊 Meta 和 Tesla 这类公司之前，先谈谈整体大局。
Okay Kevin, before we get into companies like Meta and Tesla, let's talk about the big picture.
好，接下来看 Tesla。我上次在它们公布季度业绩后查看时，这些股票正承受压力，尽管它们超出了预期。是的，我们看到股价在这里小幅下跌。营收达到280.4亿美元，市场预期是278亿美元，调整后每股收益为48美分，市场预期是43美分。
自由现金流达到15.3亿美元。事实上，这是一个非常重大的成就。市场此前预计自由现金流为负49.2亿美元。我们还看到汽车业务毛利率出现了正向调整。因此，从公司角度来看，这是非常积极的。
现在，你可以看到股价小幅下跌。这很可能是因为资本支出指引。他们实际上把它下调了。所以，他们不会花太多钱，我认为市场担心他们试图放缓数据中心和人工智能方面的支出步伐，而这实际上可能影响公司的长期发展。
但总体而言，他们在营收和利润上都超出了预期。你能看到公司盈利基本面有所改善。问题只在于资本支出指引。Diane，真正有趣的是，我们看到一些公司因为持续增加资本支出而遭受损失。Tesla 在某种程度上正在扭转这一趋势，并遵守过去两个季度设定的限制，而市场似乎并不认可这一点，至少今天早上是这样。
Okay, let's move on to Tesla. Those stocks were under pressure when I last reviewed them after their quarterly results, even though they beat expectations. Yes, we see the stocks moving slightly downwards here.
Revenues reached $28.04 billion. Market expectations were $27.8 billion, and adjusted earnings per share were 48 cents. The market expectation was 43 cents. Free cash flow reached $1.53 billion.
That was a very significant achievement, in fact. The market had been expecting free cash flow to be negative by $4.92 billion. We have also seen a positive adjustment with regard to the gross profit margin for the automotive sector.
Therefore, this is a very positive thing to look at when considering the company. Now, you can see the stocks moving slightly downwards. This is most likely due to capital expenditure guidelines.
They actually reviewed it downwards. So, they're not going to spend much, and I think the market is concerned that they're trying to slow down the pace of spending on data centers and artificial intelligence, which could actually affect the company in the long run.
But, overall, they were able to exceed expectations in revenue and profits. You are seeing an improvement with regard to the company's profitability fundamentals. It's just about capital spending guidelines.
What's really interesting, Diane, is that we've seen companies get hurt because they continued to increase their capital spending. Tesla is somewhat reversing this trend and adhering to the limits it set during the past two quarters, and the market doesn't seem to appreciate that, at least this morning.
这个频道对 $TSLA 的历次判断
Schwab Network 在这只股票上共 21 条判断，这里只列相邻的几条。