跟进：特斯拉电话会：全年资本开支指引由250亿美元下调至约200亿美元 奥斯汀Cybercab车队较9月上线扩大约十倍

奥斯汀——特斯拉在 10 月 21 日盘后举行业绩电话会，管理层在三季度业绩数字之外更新了多项指引与项目时间表。本站当日已报道特斯拉三季度营收 280.5 亿美元、交付 486,532 辆等业绩数字，本稿为电话会新信息层。

资本开支方面，首席财务官瓦伊巴夫·塔内贾（Vaibhav Taneja）在会上说：「我们正将今年的资本开支指引修订为约 200 亿美元，这是有效管理资本投放的结果」，并表示这笔开支计划主要由经营现金流提供资金。他说公司已获得最高 300 亿美元的借款额度，但 2026 年不打算从中提款。指引修订前的数字为约 250 亿美元。首席执行官埃隆·马斯克（Elon Musk）说：「资本开支最终比我们预期的要低一些，但明年将开始变得更重要，到 2028 年将达到数百亿美元量级。」据会上披露，这笔钱将投向 Optimus 机器人生产线、超级智能算力、Cybercab 产能爬坡，以及特斯拉与 SpaceX 合建的 Terafab 芯片厂。

无人驾驶出租车方面，马斯克说，奥斯汀的 Cybercab 车队自 9 月初上线以来规模已扩大约十倍。超级智能负责人阿肖克·埃卢斯瓦米（Ashok Elluswamy）说，Cybercab 下个月将在达拉斯上线。特斯拉三季度业绩文件称，Cybercab 自 9 月 3 日起在奥斯汀提供 Robotaxi 载客服务，无人监督累计里程在季度内增长约八倍、至近 200 万英里。

机器人方面，特斯拉第三季度已在 Fremont 工厂开始生产 Optimus 机器人。马斯克在会上提示市场降低预期：达到每周 20,000 台的年化产能「可能至少需要一年、也许更久」。他还表示，将 Tesla AI5 芯片整合进 Optimus 是下一项重要里程碑，如按计划将在明年 4 月前后实现；公司可能在约一个月后发布一段 Optimus 演示视频，并强调不希望机器人的动作是预先编程的。马斯克说，开发一台能以复杂超级智能而非预设动作执行任务的 Optimus，大约需要一到两个月。

芯片方面，马斯克说，特斯拉与 SpaceX 合资的 Terafab 芯片厂将于明年夏天制造出首颗测试芯片，首颗功能芯片计划在 2028 年第三季度推出，该厂芯片对 Optimus 的生产至关重要。马斯克还在会上提出，到 2030 年实现年销售 500 万辆电动车的目标。另据会上披露，特斯拉计划在今年年底前把超级智能训练算力提升至 400 兆瓦；北美新交付车辆的 FSD 搭载率超过 75%，付费 FSD 用户超过 170 万。

Tesla Call Follow-Up: Full-Year Capex Guidance Cut From $25 Billion to About $20 Billion; Austin Cybercab Fleet Up Roughly Tenfold Since September Launch

AUSTIN — Tesla's earnings call on October 21 added guidance and timelines beyond the third-quarter figures themselves. GSM has already reported Tesla's Q3 revenue of $28.05 billion and deliveries of 486,532 vehicles; this report covers the new information from the call.

On capital spending, Chief Financial Officer Vaibhav Taneja told investors: "We're revising our CapEx guidance to be approximately 20 billion for the current year as a result of managing our capital deployment efficiently," adding that the company plans to fund it primarily from operating cash flows. The previous guidance was about $25 billion. Tesla has secured borrowing capacity of up to $30 billion but does not plan to draw on it in 2026. Chief Executive Elon Musk said: "I think capex is actually ending up being a little lower than we anticipated, but we'll start to become more meaningful next year. And then noticeable in the tens of billions in '28," according to a Benzinga transcript of the call. The money is going to Optimus production lines, SI compute, the Cybercab ramp, and the Terafab chip plant Tesla is building with SpaceX.

On robotaxis, Musk said Tesla's Cybercab fleet in Austin has increased about tenfold since it launched in early September. SI chief Ashok Elluswamy said Cybercabs will launch in Dallas next month. Tesla's Q3 update said Cybercab began offering Robotaxi rides in Austin on September 3, with unsupervised miles growing about eightfold during the quarter to nearly 2 million.

On robots, Tesla started production of its Optimus robot at its Fremont factory in the third quarter. Musk tempered expectations on the call, saying it would take "probably at least a year — maybe a little longer" to reach an annualized rate of 20,000 units a week. He said integrating the Tesla AI5 chip into Optimus is the next important milestone, expected in approximately April of next year if things go according to plan, and that Tesla may release an Optimus demo video in about a month, stressing that he did not want the robot's movements to be preplanned. He also said it would take about one to two months to develop an Optimus unit that can perform tasks with complex SI rather than pre-programmed actions.

On chips, Musk said the Terafab semiconductor plant, a Tesla-SpaceX joint venture, will make its first test chip next summer, with its first functional chip slated for the third quarter of 2028, and highlighted the importance of Terafab's chips for Optimus production. Musk also set out an ambition of five million electric-vehicle sales a year by 2030. Tesla further said on the call that it plans to reach 400 megawatts of SI training compute by the end of the year, that more than 75% of new North American deliveries come with FSD, and that paid FSD customers number more than 1.7 million.

来源：GSM·美国（原文链接）

图片来源：Wikimedia Commons · Steve Jurvetson · CC BY 2.0

GSM Global · 本篇英文版 English edition of this story

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