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林奇的马甲
05-14
退潮时,带走裸泳的人
林奇的马甲
03-07
这篇文章不错,转发给大家看看
抱歉,原内容已删除
林奇的马甲
2023-07-28
这篇文章不错,转发给大家看看
@丫丫港股圈:为什么ASML的市值不如英伟达?
林奇的马甲
2022-11-12
豆子产量增加,叠加通胀预期下行对大宗商品投机需求的压制
抱歉,原内容已删除
林奇的马甲
2022-06-28
1 坚守初心,做空能有50%就应知足2 空的和做多通胀的逻辑,没有跟踪高频指标,是大忌,反转时应当机立断
林奇的马甲
2022-06-24
这篇文章不错,转发给大家看
抱歉,原内容已删除
林奇的马甲
2022-06-14
$菲利普莫里斯(PM)$
自带避险属性的东东,当它也不被资金看好时,要么赌波段多空,要么空仓
林奇的马甲
2022-06-09
[流泪]
抱歉,原内容已删除
林奇的马甲
2022-05-31
这篇文章不错,转发给大家看
@FT中文网:美国经济:最后的高通胀?
林奇的马甲
2022-03-07
记录下大宗们的疯狂
林奇的马甲
2022-03-04
市场脆弱性,做空胜率大
林奇的马甲
2022-02-16
高毛利难以为继,估值调整
抱歉,原内容已删除
林奇的马甲
2022-02-02
这篇文章不错,转发给大家看
@美股解毒师:二级市场投资者最应该担心什么?
林奇的马甲
2022-01-31
扩张,侧面说明阶段性现金流很好
抱歉,原内容已删除
林奇的马甲
2021-12-30
这就是所谓来圈钱的[捂脸]
林奇的马甲
2021-12-03
这篇文章不错,转发给大家看
抱歉,原内容已删除
林奇的马甲
2021-10-26
错过了但依然关注着
@言财美股研究社:写在特斯拉突破万亿之际:能源革命驱动的朱格拉周期正在开启,准备好了吗?
林奇的马甲
2021-10-26
没有信仰就没有未来
林奇的马甲
2021-10-01
龙行天下
抱歉,原内容已删除
林奇的马甲
2021-09-25
阶段性减仓,taper效果出来,如果10年美债到1.5,保守估值850到885,1.45则880到916,做个参考。865减仓也大差不差,看看后续流动性收紧,能否跌出坑来
去老虎APP查看更多动态
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Center实现150亿美元的收入,同比增长41%,高于同期Gaming 27%的增长率。疫情的结束也引发了游戏增收的疲软,但主要用于人工智能加速计算平台Data Center开始接力,成为英伟达新的增长引擎。如今稍微沾点互联网科技的公司都在推出自己的大模型,而ChatGPT就是用英伟达的V100训练出来的,既然都是在学舌的追赶阶段,至少在训练模型的设备上,就得学足,一周涨价30%,单片售价超十万英伟达显卡,一时间成为洛阳纸贵的典范。三是投资情绪。今年前五个月,包括英伟达在内的七家公司(总共八只股票)贡献了全部甚至溢出标普500指数9.65%的回报率(包括股息),按照年化来计算,这一回报率在","text":"说到“卖铲子”,ASML其实要比英伟达更符合这个设定。英伟达是一家无晶圆芯片制造商,它将封装、测试等生产环节外包给台积电、三星等第三方代工厂,而这些世界领先的晶圆代工厂都需要使用ASML的光刻系统来制造芯片,ASML提供的是锻造台,也就是铲子成形的基础。尽管同属半导体行业垄断地位,但在消费市场规模、生产制造工艺等多方领域的不同,让ASML的市值不足英伟达1.12万亿美元市值的25%。一、英伟达凭什么值万亿?在AI浪潮没那么汹涌之前,英伟达就已经占领了显卡市场最大份额,在18-21年加密货币火热时期,市值就已经超越英特尔逼近万亿美元,在那之后,英伟达又迎来了三个接踵而至的市场刺激因素。一是疫情。在2021财年,英伟达收入同比增长53%,其中Gaming同比增长 41%,Data Center同比增长 124%。2022财年营收又同比增长了61%,其中Gaming收入同比增长 61%,Data Center收入同比增长 58%。2021财年Data Center收入的激增是因收购产生异动的偶然因素,疫情居家隔离期间带动的主要还是游戏收入的高涨。二是人工智能。截止2023财年,英伟达Data Center实现150亿美元的收入,同比增长41%,高于同期Gaming 27%的增长率。疫情的结束也引发了游戏增收的疲软,但主要用于人工智能加速计算平台Data 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","text":"[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/680908688","repostId":"2238691798","repostType":2,"isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":617036454,"gmtCreate":1653927888080,"gmtModify":1704858324047,"author":{"id":"3540991147300687","authorId":"3540991147300687","name":"林奇的马甲","avatar":"https://static.tigerbbs.com/fbac162aaaa1119e280119e8df8b1c2a","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/617036454","repostId":"614779323","repostType":1,"repost":{"id":614779323,"gmtCreate":1653903180000,"gmtModify":1704858264800,"author":{"id":"9000000000000081","authorId":"9000000000000081","name":"FT中文网","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"美国经济:最后的高通胀?","htmlText":"今年美国的通胀可能是个意外,前期的高储蓄和后期集中消费给物价带来显著压力。如未来没有类似的病毒,这次通胀将是美国难得一见的高通胀。文丨陈稻田美国当前的高通胀令人瞩目,2022年4月份的CPI同比涨幅为8.3%,仅仅比3月份的8.5%略有降低,而8.5%的通胀率是1982年以来所有月度CPI同比涨幅的最高值。剔除食品和能源的核心CPI四月份环比增长0.6%,比上月增速还有显著的提高。通胀看起来比较“顽固”,这让决策者和经济研究者感到紧张。这种紧张是可以理解的,在1970年代的“滞涨”期间,第一轮通胀高点出现在1974年,全年的通胀率为11%,从而彻底开启了一个高通胀时代,而目前的8.3-8.5%的通胀率距离11%似乎咫尺之遥。在高通胀压力下,五月初美联储做出了加息50个基点的决定,这使得联邦市场利率达到0.75%-1%区间。但超常规的50个基点加息可能让市场对通胀压力更加担心,很多预测认为到年底之前还会有多次大幅度加息,使得联邦利率水平有可能达到3%以上,市场上关于经济重新进入衰退的预期不断强化。这种预期造成了市场恐慌,在整个四月份和五月美国股市跌幅明显。一 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财政政策才是本轮通胀的主导因素目前市场关注的焦点都在美联储的货币政策上,联储官员(甚至包括前官员)的一言一行都被媒体仔细观察。但我觉得市场似乎搞错了方向,或者是严重忽视了一个可能更重要的因素:财政政策。我认为本轮高通胀主要是由2020和2021年强劲的财政刺激引起的,碰巧的是,在上周四鲍威尔最新的采访中讨论通胀原因的时候,他似乎是第一次提及“非常非常强劲”的财政刺激(此前他一直强调不评论政府其它部门政策是美联储的基本立场)。从数字来看,2020年美国政府联邦财政赤字3.1万亿美元,当年GDP是20.9万亿,赤字占GDP比重接近15%。2021年美国政府财政赤字2.8万亿美元,当年GDP是23万亿美元,赤字占比达到12%。","text":"今年美国的通胀可能是个意外,前期的高储蓄和后期集中消费给物价带来显著压力。如未来没有类似的病毒,这次通胀将是美国难得一见的高通胀。文丨陈稻田美国当前的高通胀令人瞩目,2022年4月份的CPI同比涨幅为8.3%,仅仅比3月份的8.5%略有降低,而8.5%的通胀率是1982年以来所有月度CPI同比涨幅的最高值。剔除食品和能源的核心CPI四月份环比增长0.6%,比上月增速还有显著的提高。通胀看起来比较“顽固”,这让决策者和经济研究者感到紧张。这种紧张是可以理解的,在1970年代的“滞涨”期间,第一轮通胀高点出现在1974年,全年的通胀率为11%,从而彻底开启了一个高通胀时代,而目前的8.3-8.5%的通胀率距离11%似乎咫尺之遥。在高通胀压力下,五月初美联储做出了加息50个基点的决定,这使得联邦市场利率达到0.75%-1%区间。但超常规的50个基点加息可能让市场对通胀压力更加担心,很多预测认为到年底之前还会有多次大幅度加息,使得联邦利率水平有可能达到3%以上,市场上关于经济重新进入衰退的预期不断强化。这种预期造成了市场恐慌,在整个四月份和五月美国股市跌幅明显。一 财政政策才是本轮通胀的主导因素目前市场关注的焦点都在美联储的货币政策上,联储官员(甚至包括前官员)的一言一行都被媒体仔细观察。但我觉得市场似乎搞错了方向,或者是严重忽视了一个可能更重要的因素:财政政策。我认为本轮高通胀主要是由2020和2021年强劲的财政刺激引起的,碰巧的是,在上周四鲍威尔最新的采访中讨论通胀原因的时候,他似乎是第一次提及“非常非常强劲”的财政刺激(此前他一直强调不评论政府其它部门政策是美联储的基本立场)。从数字来看,2020年美国政府联邦财政赤字3.1万亿美元,当年GDP是20.9万亿,赤字占GDP比重接近15%。2021年美国政府财政赤字2.8万亿美元,当年GDP是23万亿美元,赤字占比达到12%。","images":[{"img":"https://static.tigerbbs.com/769165236a7544d8936156b5a01fada0","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/614779323","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":977,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":632420396,"gmtCreate":1646659483567,"gmtModify":1646659483567,"author":{"id":"3540991147300687","authorId":"3540991147300687","name":"林奇的马甲","avatar":"https://static.tigerbbs.com/fbac162aaaa1119e280119e8df8b1c2a","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"记录下大宗们的疯狂","listText":"记录下大宗们的疯狂","text":"记录下大宗们的疯狂","images":[{"img":"https://static.tigerbbs.com/a0b8ff8a60452632c8ac8e1fdf582bff","width":"1080","height":"2505"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/632420396","isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":632831732,"gmtCreate":1646324740626,"gmtModify":1646324740626,"author":{"id":"3540991147300687","authorId":"3540991147300687","name":"林奇的马甲","avatar":"https://static.tigerbbs.com/fbac162aaaa1119e280119e8df8b1c2a","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"市场脆弱性,做空胜率大","listText":"市场脆弱性,做空胜率大","text":"市场脆弱性,做空胜率大","images":[{"img":"https://static.tigerbbs.com/2f44fe7d8dbc31edf1bd23140f2769e7","width":"1080","height":"2505"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/632831732","isVote":1,"tweetType":1,"viewCount":847,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":638012781,"gmtCreate":1644985754183,"gmtModify":1644985754183,"author":{"id":"3540991147300687","authorId":"3540991147300687","name":"林奇的马甲","avatar":"https://static.tigerbbs.com/fbac162aaaa1119e280119e8df8b1c2a","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"高毛利难以为继,估值调整","listText":"高毛利难以为继,估值调整","text":"高毛利难以为继,估值调整","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/638012781","repostId":"2211653787","repostType":2,"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":633100544,"gmtCreate":1643814282074,"gmtModify":1643814282074,"author":{"id":"3540991147300687","authorId":"3540991147300687","name":"林奇的马甲","avatar":"https://static.tigerbbs.com/fbac162aaaa1119e280119e8df8b1c2a","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"这篇文章不错,转发给大家看","listText":"这篇文章不错,转发给大家看","text":"这篇文章不错,转发给大家看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/633100544","repostId":"639853533","repostType":1,"repost":{"id":639853533,"gmtCreate":1643254428468,"gmtModify":1643284546470,"author":{"id":"3440721572920950","authorId":"3440721572920950","name":"美股解毒师","avatar":"https://static.tigerbbs.com/bbf0f514b8e5abb92266789b89f6e1e6","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"title":"二级市场投资者最应该担心什么?","htmlText":"美联储1月FOMC会议之后,市场反应强烈。确实,鲍威尔的表态也是达到了上任以来最“鹰”,并且,我们认为更重要的(让空头得以有机会反扑)的理由,是鲍威尔对后续政策的不确定性。 市场不怕鹰,也不怕意外(可以短时间内修复,比如sell the fact),但最讨厌的就是不确定性。 这次会议几乎没有任何跟进的信息,降息、缩表、调整资产持有比例,这种美联储已经明牌的手段,市场都想到了。虽然我们也知道,现在这个局面,美联储要负很大一部分责任的,是因为他们在去年下半年对通胀的忽视,错误的判断,导致现在发展并不能按照预期。 那事已至此,我们需要提防的是什么呢? 超预期的紧缩。 哪些举动可能是超预期的? 提前开始缩表; 单次加息的幅度超过25个基点; 第一次加息会议就同时发布缩表进程; 国债资产的比例进一步升高; 事实上,比起加息来,市场更担心的是缩表,我们在此前的文章<a href=\"https://laohu8.com/TW/695214475\" target=\"_blank\">《美联储如何刺痛市场神经》</a>中,已经分析道: 加息对于经济的影响较为全面,而 缩表,则更大程度上影响市场流动性,比如股市。2018年美联储缩了表,标普500指数老老实实地成为了2008年金融危机以来回撤最大的一年。 那么,超预期的紧缩政策对市场有什么影响? 加速缩减市场流动性,也就是原本可以拿来加仓抄底的钱也没有了,或者原本不需要卖出的持仓也要卖出。 更强烈的不确定性,也就是说市场无时无刻不在担忧下一次行动会是什么,什么时候来临,以致于“持币”大于“持仓” 给市场一种“美联储也控制不了局面”的挫败感。这点很重要,一旦市场认为美联储的行动已经解决不了问题的时候,那就是经济危机了,参考2008年。 附:美联储12月与1月会议政策声明的对比:","listText":"美联储1月FOMC会议之后,市场反应强烈。确实,鲍威尔的表态也是达到了上任以来最“鹰”,并且,我们认为更重要的(让空头得以有机会反扑)的理由,是鲍威尔对后续政策的不确定性。 市场不怕鹰,也不怕意外(可以短时间内修复,比如sell the fact),但最讨厌的就是不确定性。 这次会议几乎没有任何跟进的信息,降息、缩表、调整资产持有比例,这种美联储已经明牌的手段,市场都想到了。虽然我们也知道,现在这个局面,美联储要负很大一部分责任的,是因为他们在去年下半年对通胀的忽视,错误的判断,导致现在发展并不能按照预期。 那事已至此,我们需要提防的是什么呢? 超预期的紧缩。 哪些举动可能是超预期的? 提前开始缩表; 单次加息的幅度超过25个基点; 第一次加息会议就同时发布缩表进程; 国债资产的比例进一步升高; 事实上,比起加息来,市场更担心的是缩表,我们在此前的文章<a href=\"https://laohu8.com/TW/695214475\" target=\"_blank\">《美联储如何刺痛市场神经》</a>中,已经分析道: 加息对于经济的影响较为全面,而 缩表,则更大程度上影响市场流动性,比如股市。2018年美联储缩了表,标普500指数老老实实地成为了2008年金融危机以来回撤最大的一年。 那么,超预期的紧缩政策对市场有什么影响? 加速缩减市场流动性,也就是原本可以拿来加仓抄底的钱也没有了,或者原本不需要卖出的持仓也要卖出。 更强烈的不确定性,也就是说市场无时无刻不在担忧下一次行动会是什么,什么时候来临,以致于“持币”大于“持仓” 给市场一种“美联储也控制不了局面”的挫败感。这点很重要,一旦市场认为美联储的行动已经解决不了问题的时候,那就是经济危机了,参考2008年。 附:美联储12月与1月会议政策声明的对比:","text":"美联储1月FOMC会议之后,市场反应强烈。确实,鲍威尔的表态也是达到了上任以来最“鹰”,并且,我们认为更重要的(让空头得以有机会反扑)的理由,是鲍威尔对后续政策的不确定性。 市场不怕鹰,也不怕意外(可以短时间内修复,比如sell the fact),但最讨厌的就是不确定性。 这次会议几乎没有任何跟进的信息,降息、缩表、调整资产持有比例,这种美联储已经明牌的手段,市场都想到了。虽然我们也知道,现在这个局面,美联储要负很大一部分责任的,是因为他们在去年下半年对通胀的忽视,错误的判断,导致现在发展并不能按照预期。 那事已至此,我们需要提防的是什么呢? 超预期的紧缩。 哪些举动可能是超预期的? 提前开始缩表; 单次加息的幅度超过25个基点; 第一次加息会议就同时发布缩表进程; 国债资产的比例进一步升高; 事实上,比起加息来,市场更担心的是缩表,我们在此前的文章《美联储如何刺痛市场神经》中,已经分析道: 加息对于经济的影响较为全面,而 缩表,则更大程度上影响市场流动性,比如股市。2018年美联储缩了表,标普500指数老老实实地成为了2008年金融危机以来回撤最大的一年。 那么,超预期的紧缩政策对市场有什么影响? 加速缩减市场流动性,也就是原本可以拿来加仓抄底的钱也没有了,或者原本不需要卖出的持仓也要卖出。 更强烈的不确定性,也就是说市场无时无刻不在担忧下一次行动会是什么,什么时候来临,以致于“持币”大于“持仓” 给市场一种“美联储也控制不了局面”的挫败感。这点很重要,一旦市场认为美联储的行动已经解决不了问题的时候,那就是经济危机了,参考2008年。 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model Y 大幅降级! 具体情况如下: 长续航版,起售价33.99万元,下调14.81万元; 高性能版,起售价36.99万元,下调16.51万元。 可能大家还没反应过来,这个降价有多夸张。 打个比方,这就相当于你刚买了个iPhone12,第二天官宣降价到3000块就卖。 于是,出现两个情况: 一方面,特斯拉老用户在哭,这贬值也太快了,说好的逼格呢?节操呢? 另一个方面,更多的场外人各大喜奔,原本要买油车的纷纷转向了特斯拉。 于是,降价后medel Y 预订10个小时内,干到10万单!直接把官网给干崩了: 分析人士认为,特斯拉的模式已经发生转变: 实行极限低价策略,凭借积累的品牌效应,快速抢占市场,形成垄断;后期再通过软件绑定客户,类似于 <a target=\"_blank\" href=\"https://laohu8.com/S/AAPL\">$苹果(AAPL)$</a> 的模式。 在特斯拉的“降维打击”下,最受伤的无疑是,正在努力冲击高端市场的国产电车,几个热门电车起售价,及航程对比如下: 比亚迪汉,22.98万,605公里; 理想ONE,32.8万,180公里(纯电); 小鹏P7,22.99万,586公里; 蔚来ES6,35.8万,420公里; Model Y,33.99万,594公里。 model Y的车型,属于中型5座SUV,车型与蔚来ES6更为接近,很明显对蔚来的冲击力度应该是最大的。 对此,李斌表示: 蔚来这两天的订单量没有什么大的变化; Model Y价格比我预期的还要高,我的预期是30万以内; 蔚来不会降价,我们的产品、工艺、服务就在那个级别,更不会让先买的车主吃亏。 …… 最后,大家聊一聊: 你如何看待特斯拉大幅降价? 是否","listText":"周末传来一则劲爆消息:特斯拉最新旗舰车型 model Y 大幅降级! 具体情况如下: 长续航版,起售价33.99万元,下调14.81万元; 高性能版,起售价36.99万元,下调16.51万元。 可能大家还没反应过来,这个降价有多夸张。 打个比方,这就相当于你刚买了个iPhone12,第二天官宣降价到3000块就卖。 于是,出现两个情况: 一方面,特斯拉老用户在哭,这贬值也太快了,说好的逼格呢?节操呢? 另一个方面,更多的场外人各大喜奔,原本要买油车的纷纷转向了特斯拉。 于是,降价后medel 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我们认为,在全球碳中和不断推进的大背景下,能源革命引发的“朱格拉周期”正在徐徐展开,这势必将引发新能源产业的迅猛发展,本文将以特斯拉作为切入点,深入分析新一轮由能源革命驱动的朱格拉周期是如何产生及运行的。 特斯拉业绩及运营情况1.新季度业绩概况 2021年第三季度,在许多方面对于特斯拉来说,都是创纪录的季度,公司实现了有史以来最好的净收入、营业利润和毛利润。 此外,特斯拉本季度的营业利润率为 14.6%,超过了公司的中期指引,更令人印象深刻的是,这种盈利水平是公司在第三季度的 ASP同比下降 6%的基础上取得的,营业利润率创下历史新高。此外,公司继续扩大上海超级工厂并在德克萨斯州建设新产能和柏林。· 第三季度,运营现金流减去资本支出(自由现金流)为 $1.3B· 第三季度,实现$2.0B GAAP营业利润,营业利润率为 14.6%· 第三季度,$1.6B GAAP净利润,净利率12.06%; · 第三季度 30.5% GAAP汽车毛利率(28.8%的信贷); 第三季度总收入137.57亿美金,同比增长 57%,这主要是通过汽车交付量的增长。与此同时,由于 Model S和 Model X混","text":"导读:图 特斯拉股价走势周线图 近期$特斯拉(TSLA)$ 再度成为美股市场上最靓的风景线,股价暴涨的背后是自身业绩的超预期及不断的利好消息刺激,但站在更大的层面,从今年全球能源危机到最近特斯拉的暴涨,将这些事情串起来,很多东西我们可以看得更为清晰。 今年很多投资者会有以下疑问:1. 在大力推进新能源的大背景下,能源危机是如何产生的?2. 新能源的驱动力会否持续? 我们认为,在全球碳中和不断推进的大背景下,能源革命引发的“朱格拉周期”正在徐徐展开,这势必将引发新能源产业的迅猛发展,本文将以特斯拉作为切入点,深入分析新一轮由能源革命驱动的朱格拉周期是如何产生及运行的。 特斯拉业绩及运营情况1.新季度业绩概况 2021年第三季度,在许多方面对于特斯拉来说,都是创纪录的季度,公司实现了有史以来最好的净收入、营业利润和毛利润。 此外,特斯拉本季度的营业利润率为 14.6%,超过了公司的中期指引,更令人印象深刻的是,这种盈利水平是公司在第三季度的 ASP同比下降 6%的基础上取得的,营业利润率创下历史新高。此外,公司继续扩大上海超级工厂并在德克萨斯州建设新产能和柏林。· 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