Tesla 未被选中：上季度营收持平，营业利润率多年来持续萎缩，且按 175 倍远期市盈率计算，其估值超过六家大型科技同行之和，尽管其增长最慢、利润率明显更低。
逐段跳播
让我告诉你我为什么没有选择 Tesla。Tesla 上季度收入持平。它的营业利润率多年来一直在收缩，而股价对应的远期市盈率高达 175 倍，简直是天文数字。这意味着，即使把 Apple、Microsoft、Amazon、Alphabet、Meta 和 Nvidia 的未来盈利倍数加在一起，Tesla 仍然比这六家公司加起来还贵，而它的增长却是最慢的，利润率也明显更低。
Let me tell you why I didn't choose Tesla. Tesla's revenue was flat in the last quarter. Its operating profit margins have been shrinking for years, and the stock is trading at an astronomical forward price-to-earnings ratio of 175 times.
This means you could add up the future earnings multiples of Apple, Microsoft, Amazon, Alphabet, Meta and Nvidia, and yet Tesla would still be more expensive than all six companies combined, with the slowest growth and significantly lower profit margins .
Tesla 目前不披露其出行次数，这让我想谈谈人形机器人。
Tesla does not currently disclose the number of its trips, and this leads me to talk about humanoid robots.