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Space New King vs Tram Giant: Musk's SpaceX vs. Tesla, who is more worth investing in?

特斯拉已经熬过了最艰难的“产能地狱”和“破产边缘”，拥有健康的现金流与扎实的盈利能力，更加适合务实成长型投资者；而SpaceX具备全球“唯一性”与“绝对垄断力”，地球上没有第二家公司能与它的发射成本竞争，但是可能面临估值修正风险，更加适合风险偏好高的投资者。

Space New King vs Tram Giant: Musk's SpaceX vs. Tesla, who is more worth investing in?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":577341119172904,"tweetId":"577341119172904","gmtCreate":1781977415795,"gmtModify":1782010821008,"author":{"id":4245074455785302,"idStr":"4245074455785302","authorId":4245074455785302,"authorIdStr":"4245074455785302","name":"Top11","avatar":"https://community-static.tradeup.com/news/54a3695509e12e15aa53cc799aa79e88","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body>Space</body></html>","htmlText":"<html><head></head><body>Space</body></html>","text":"Space","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/577341119172904","repostId":2644098706,"repostType":2,"repost":{"id":"2644098706","kind":"highlight","weMediaInfo":{"introduction":"您的一站式金融市场平台","home_visible":1,"media_name":"TradingKey中文","id":"1025375658","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"pubTimestamp":1781967600,"share":"https://ttm.financial/m/news/2644098706?lang=en_US&edition=fundamental","pubTime":"2026-06-20 23:00","market":"us","language":"zh","title":"Space New King vs Tram Giant: Musk's SpaceX vs. Tesla, who is more worth investing in?","url":"https://stock-news.laohu8.com/highlight/detail?id=2644098706","media":"TradingKey中文","summary":"特斯拉已经熬过了最艰难的“产能地狱”和“破产边缘”，拥有健康的现金流与扎实的盈利能力，更加适合务实成长型投资者；而SpaceX具备全球“唯一性”与“绝对垄断力”，地球上没有第二家公司能与它的发射成本竞争，但是可能面临估值修正风险，更加适合风险偏好高的投资者。","content":"<html><body>TradingKey-June 12, Musk-owned<a href=\"https://laohu8.com/S/000901\">aerospace</a>The company SpaceX (SPCX) officially landed on the Nasdaq exchange, completing the largest IPO in human history, raising $75 billion, and listing valuation as high as $1.77 trillion. After its listing, SpaceX's share price continued to soar and broke through the $200 mark, and its market value once exceeded $2.7 trillion, surpassing<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jumped to become the fifth largest publicly traded company in the world.Unlike SpaceX's stock price, which continues to hit new highs, another Musk company, namely<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA) stock price remained fluctuating around $400. This difference not only attracted the attention of the market, but also began to compare them. So, in the face of Musk's two beasts, who is more worthy of your funds?<h2>Tesla: The Mature 'EV Giant'</h2>Tesla is a company that has established itself in the field of electric vehicles<a href=\"https://laohu8.com/S/600389\">Jiangshan</a>, but anxious to prove himself as a mature giant of an \"AI company\" rather than a \"pure automaker\". according toCounterpointAccording to the latest statistics, Tesla's market share of pure electric vehicles (BEV) is about 13%, compared to<a href=\"https://laohu8.com/S/BYDDY\">BYD</a>It is 2% higher and ranks first in the world.However, Tesla is facing a fierce price war around the world, especially among Chinese car companies, which has squeezed its hardware gross profit margin. Faced with this dilemma, Tesla was forced to transform into a brand-new ecology with AI computing power, autonomous driving (FSD) and energy storage as the core.In May 2026, Tesla officially confirmed that the FSD system has supported the Chinese market, and it is expected to obtain full compliance approval in Q3 2026. In addition, Tesla expects to spend more than $25 billion in capital expenditure for the full year of 2026, most of which will be spent on expanding AI infrastructure, fully paving the way for the mass production of Cybercab (Robotaxi) and Optimus humanoid robots. It cannot be ignored that Tesla deployed a record 8.8 GWh of energy storage in the first quarter, and the gross profit margin of the energy storage business rushed to an all-time high of 39.5%.<h2>SpaceX: The Crazy 'New King of Space'</h2>SpaceX was originally just a \"rocket launch company\" founded in 2002, and its business mainly consists of three major sectors: commercial rocket launch, Starlink and Starship. However, with Musk's merger of xAI and acquisition of Cursor, SpaceX has evolved into a super monopoly spanning communication, computing power and space infrastructure.In the past year, SpaceX's total annual operating income reached $18.67 billion, of which Starlink contributed $11.4 billion, accounting for 61%. However, SpaceX's huge capital expenditures led to a net loss. According to the financial report data, SpaceX's capital expenditure is as high as 20.7 billion US dollars, with more than 10 billion US dollars going to AI, while Starship's R&D expenditure consumes about 3 billion US dollars.Although SpaceX lost $4.28 billion in the first quarter of 2026, the market gave it a price-to-sales ratio of more than 90 times and a market value of $2.6 trillion, which means that it has \"digested\" the expectations of the next 10 years in advance, which is also its madness. On June 14th, Musk even bluntly said that SpaceX's revenue may reach $1 trillion by 2030, which means 53 times that of 2025.<h2>Tesla vs SpaceX: Who Is Better to Invest in</h2>Although Tesla and SpaceX are both created by Musk, they are different in positioning, core business and financial status, as follows:<div><table><colgroup><col/><col/><col/></colgroup><tbody><tr><th></th><th>Tesla</th><th>SpaceX</th></tr><tr><td>Industrial positioning</td><td>Mature-Stage Tram Giants ➔ Transforming AI and Robotics</td><td>The New King of Space with Absolute Monopoly</td></tr><tr><td>Key sources of revenue</td><td>EV sales, energy storage systems, FSD software subscriptions</td><td>Starlink subscriptions, commercial rocket launches, defense contracts.</td></tr><tr><td>AI Industry Imagination</td><td>Dojo Supercomputing Center, Robotaxi, Optimus Robots</td><td>xAI, Cursor, Building \"Space Orbit AI Data Center\", Starship Autonomous Navigation</td></tr><tr><td>Status of Financial Gross Profit</td><td>experience<a href=\"https://laohu8.com/S/01490\">Car market</a>Involution baptism, hardware gross profit under pressure, is relying on AI software to increase profit margin</td><td>Overall still in expansion losses, but Starlink cash flow has turned positive</td></tr><tr><td>Listing Status</td><td>Mature and stable listed companies</td><td>Just completed the largest IPO in history on June 12</td></tr><tr><td>Market Capitalization</td><td>About $1.5 trillion</td><td>About $2.6 trillion</td></tr></tbody></table></div>It can be seen that Tesla has survived the most difficult \"capacity hell\" and \"bankruptcy edge\", has healthy cash flow and solid profitability, and is more suitable for pragmatic growth investors; However, SpaceX has global \"uniqueness\" and \"absolute monopoly\". There is no second company on earth that can compete with its launch cost, but it may face the risk of valuation correction, which is more suitable for investors with high risk appetite. Therefore, deciding whether to invest in SpaceX or Tesla depends on your own risk tolerance.Link to the original</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Space New King vs Tram Giant: Musk's SpaceX vs. Tesla, who is more worth investing in?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpace New King vs Tram Giant: Musk's SpaceX vs. Tesla, who is more worth investing in?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1025375658\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTradingKey中文 \n2026-06-20 23:00\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body>TradingKey-June 12, Musk-owned<a href=\"https://laohu8.com/S/000901\">aerospace</a>The company SpaceX (SPCX) officially landed on the Nasdaq exchange, completing the largest IPO in human history, raising $75 billion, and listing valuation as high as $1.77 trillion. After its listing, SpaceX's share price continued to soar and broke through the $200 mark, and its market value once exceeded $2.7 trillion, surpassing<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jumped to become the fifth largest publicly traded company in the world.Unlike SpaceX's stock price, which continues to hit new highs, another Musk company, namely<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA) stock price remained fluctuating around $400. This difference not only attracted the attention of the market, but also began to compare them. So, in the face of Musk's two beasts, who is more worthy of your funds?<h2>Tesla: The Mature 'EV Giant'</h2>Tesla is a company that has established itself in the field of electric vehicles<a href=\"https://laohu8.com/S/600389\">Jiangshan</a>, but anxious to prove himself as a mature giant of an \"AI company\" rather than a \"pure automaker\". according toCounterpointAccording to the latest statistics, Tesla's market share of pure electric vehicles (BEV) is about 13%, compared to<a href=\"https://laohu8.com/S/BYDDY\">BYD</a>It is 2% higher and ranks first in the world.However, Tesla is facing a fierce price war around the world, especially among Chinese car companies, which has squeezed its hardware gross profit margin. Faced with this dilemma, Tesla was forced to transform into a brand-new ecology with AI computing power, autonomous driving (FSD) and energy storage as the core.In May 2026, Tesla officially confirmed that the FSD system has supported the Chinese market, and it is expected to obtain full compliance approval in Q3 2026. In addition, Tesla expects to spend more than $25 billion in capital expenditure for the full year of 2026, most of which will be spent on expanding AI infrastructure, fully paving the way for the mass production of Cybercab (Robotaxi) and Optimus humanoid robots. It cannot be ignored that Tesla deployed a record 8.8 GWh of energy storage in the first quarter, and the gross profit margin of the energy storage business rushed to an all-time high of 39.5%.<h2>SpaceX: The Crazy 'New King of Space'</h2>SpaceX was originally just a \"rocket launch company\" founded in 2002, and its business mainly consists of three major sectors: commercial rocket launch, Starlink and Starship. However, with Musk's merger of xAI and acquisition of Cursor, SpaceX has evolved into a super monopoly spanning communication, computing power and space infrastructure.In the past year, SpaceX's total annual operating income reached $18.67 billion, of which Starlink contributed $11.4 billion, accounting for 61%. However, SpaceX's huge capital expenditures led to a net loss. According to the financial report data, SpaceX's capital expenditure is as high as 20.7 billion US dollars, with more than 10 billion US dollars going to AI, while Starship's R&D expenditure consumes about 3 billion US dollars.Although SpaceX lost $4.28 billion in the first quarter of 2026, the market gave it a price-to-sales ratio of more than 90 times and a market value of $2.6 trillion, which means that it has \"digested\" the expectations of the next 10 years in advance, which is also its madness. On June 14th, Musk even bluntly said that SpaceX's revenue may reach $1 trillion by 2030, which means 53 times that of 2025.<h2>Tesla vs SpaceX: Who Is Better to Invest in</h2>Although Tesla and SpaceX are both created by Musk, they are different in positioning, core business and financial status, as follows:<div><table><colgroup><col/><col/><col/></colgroup><tbody><tr><th></th><th>Tesla</th><th>SpaceX</th></tr><tr><td>Industrial positioning</td><td>Mature-Stage Tram Giants ➔ Transforming AI and Robotics</td><td>The New King of Space with Absolute Monopoly</td></tr><tr><td>Key sources of revenue</td><td>EV sales, energy storage systems, FSD software subscriptions</td><td>Starlink subscriptions, commercial rocket launches, defense contracts.</td></tr><tr><td>AI Industry Imagination</td><td>Dojo Supercomputing Center, Robotaxi, Optimus Robots</td><td>xAI, Cursor, Building \"Space Orbit AI Data Center\", Starship Autonomous Navigation</td></tr><tr><td>Status of Financial Gross Profit</td><td>experience<a href=\"https://laohu8.com/S/01490\">Car market</a>Involution baptism, hardware gross profit under pressure, is relying on AI software to increase profit margin</td><td>Overall still in expansion losses, but Starlink cash flow has turned positive</td></tr><tr><td>Listing Status</td><td>Mature and stable listed companies</td><td>Just completed the largest IPO in history on June 12</td></tr><tr><td>Market Capitalization</td><td>About $1.5 trillion</td><td>About $2.6 trillion</td></tr></tbody></table></div>It can be seen that Tesla has survived the most difficult \"capacity hell\" and \"bankruptcy edge\", has healthy cash flow and solid profitability, and is more suitable for pragmatic growth investors; However, SpaceX has global \"uniqueness\" and \"absolute monopoly\". There is no second company on earth that can compete with its launch cost, but it may face the risk of valuation correction, which is more suitable for investors with high risk appetite. Therefore, deciding whether to invest in SpaceX or Tesla depends on your own risk tolerance.Link to the original</body></html>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20240524/0d8dd3c465996c885ce56d9cb8c4984f.jpg","relate_stocks":{"IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","TEST":"YieldMax TSLA Performance & Distribution Target 25 ETF","BK4516":"特朗普概念","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","09366":"XI二南特斯-U","TSII":"REX TSLA Growth & Income ETF","TSL":"1.25倍做多TSLA ETF-GraniteShares","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","TSLG":"2倍做多TSLA ETF-Leverage Shares","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","TSLI":"2倍做多TSLA ETF-ProShares","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","TSLO":"2倍上限加速TSLA ETF-Leverage Shares","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","TSLP":"TSLA收益溢价策略ETF-Kurv","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","TSLQ":"2倍做空TSLA ETF-Tradr","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","TSLR":"2倍做多TSLA ETF-GraniteShares","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","TSLS":"1倍做空TSLA ETF-Direxion","BK4099":"汽车制造商","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","TSLT":"2倍做多TSLA ETF-T-Rex","BK4604":"机器人概念","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","TSLW":"TSLA周配息ETF-Roundhill","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","TSLY":"TSLA期权收益策略ETF-YieldMax","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","TSLZ":"2倍做空TSLA ETF-T-Rex","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","SSPC":"2倍做空SpaceX ETF-Leverage Shares","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0672654240.SGD":"FTIF - 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6月12日，马斯克旗下的航天公司SpaceX（SPCX）正式登陆纳斯达克交易所，完成了人类历史上最大规模的 IPO，募资 750 亿美元，上市估值高达 1.77 万亿美元。上市之后，SpaceX股价持续飙升冲破200美元关口，市值一度突破2.7万亿美元，超越亚马逊跃升为全球第五大上市公司。不同于SpaceX股价持续创新高，马斯克另一家公司即特斯拉 (TSLA) 的股价却维持在400美元附近震荡，这种差异不仅引起市场的关注，并开始把它们进行对比。那么，面对马斯克这两大巨兽，究竟谁更值得你将资金放入？ 特斯拉：成熟的“电动车巨头”特斯拉是一个已经在电动车领域打下稳定江山，但又急着证明自己是“AI公司”而非“纯粹汽车制造商”的成熟巨人。根据Counterpoint最新统计的数据显示，特斯拉纯电动车（BEV）市场的市占率约为13%，较比亚迪高出2%，在全球排名第一。然而，特斯拉正面临着全球（尤其是中国车企）的激烈价格战，导致其硬件毛利率受到挤压。面对这种窘境，特斯拉被迫转型走向一个以AI算力、自动驾驶（FSD）与储能为核心的全新生态。 2026年5月，特斯拉官方证实 FSD系统已支持中国市场，预计在2026年Q3取得全面合规审批。此外，特斯拉预计2026全年的资本支出将超过250亿美元，其中大部分都砸向了扩建 AI 基础设施，全力为 Cybercab（Robotaxi）和 Optimus人形机器人的量产铺路。不可忽视的是，特斯拉第一季度的储能部署量达到了创纪录的8.8 GWh，而且储能业务的毛利率冲上了39.5%的历史新高。 SpaceX：疯狂的“太空新王”SpaceX原本只是一家创立于2002年的“火箭发射公司”，业务主要由三大板块构成：商业火箭发射、星链（Starlink）与星舰（Starship）。然而，随着马斯克合并xAI与收购Cursor，SpaceX已经演变成一个横跨通讯、算力与太空基建的超级垄断体。过去一年，SpaceX全年总营业收入达186.7亿美元，其中星链贡献了114亿美元，占比高达61%。然而，SpaceX巨额的资本支出导致其出现净亏损。根据财报数据显示，SpaceX资本支出高达207亿美元，超过100亿美元流向AI，而星舰的研发支出消耗了约30亿美元。尽管SpaceX在2026年第一季度单季就亏损42.8亿美元，但是市场给予其高达90倍以上的市销率，高达2.6万亿美元的市值，意味着已经把未来10年的预期“提前消化”，这也是其疯狂之处。6月14日，马斯克更是直言不讳表示SpaceX到2030年营收可能达到1万亿美元，意味着是2025年的53倍。特斯拉 vs SpaceX：谁更值得投资虽然特斯拉与SpaceX都是出自马斯克之手，但是它们在定位、核心业务、财务现状等方面不同，具体如下：特斯拉SpaceX产业定位成熟期电车巨头 ➔ 转型 AI 与机器人绝对垄断的太空新王主要营收来源电动车销售、储能系统、FSD 软件订阅星链订阅、商业火箭发射、国防合约。AI 产业想象力Dojo 超算中心、Robotaxi、Optimus 机器人xAI、Cursor、打造\"太空轨道 AI 数据中心\"、星舰自主导航财务毛利现状经历车市内卷洗礼，硬件毛利承压，正靠 AI 软件拉高利润率整体仍处于扩张亏损，但星链现金流已转正上市状态成熟稳定的上市公司6月12日刚完成历史最大IPO市值规模约1.5万亿美元约2.6万亿美元可以看出，特斯拉已经熬过了最艰难的\"产能地狱\"和\"破产边缘\"，拥有健康的现金流与扎实的获利能力，更加适合务实成长型投资者；而SpaceX具备全球\"唯一性\"与\"绝对垄断力\"，地球上没有第二家公司能跟它的发射成本竞争，但是可能面临估值修正风险，更加适合风险偏好高的投资者。因此，决定投资SpaceX还是特斯拉，需要视自己的风险承受能力而选择。原文链接","news_type":1,"symbols_score_info":{"09366":0.6,"LOFF":0.6,"TLA":0.6,"TSDD":0.6,"TSL":0.6,"CRSH":0.6,"TSLP":0.6,"SPCQ":0.6,"SPAX":0.6,"SPCM":0.6,"TSLG":0.6,"SPCG":0.6,"TSII":0.6,"SPCX":1.95,"SSPC":0.6,"TSLT":0.6,"TSLY":0.6,"TSLZ":0.6,"09766":0.6,"TSLO":0.6,"TSLW":0.6,"07766":0.6,"TSLS":0.6,"TSYY":0.6,"SPCF":0.6,"TSLA":1.96,"07366":0.6,"TSLQ":0.6,"TSLI":0.6,"SPCH":0.6,"TESL":0.6,"TSLR":0.6,"TEST":0.6}},"isVote":1,"tweetType":1,"viewCount":41,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}