[ { "id": 141, "label": "数据截止", "reported_value": 2026.0, "unit": "", "raw_text": "数据截止：2026-10-19（Asia/Shanghai）。行情统一为2026-10-16美国正常收盘；币种USD。最新财务：截至2026-06-30的2026第二季度；另有Q3交付/储能公告。本报告为 /investment-team ", "line_number": 3, "category": "extraction_noise", "method_note": "抽取的是日期、来源链接或句中月份，不是财务数值；保留样本但不计数字核验通过。" }, { "id": 144, "label": "www.tesla.com/support/fsd)", "reported_value": 2026.0, "unit": "", "raw_text": "- [B5 FSD官方支持说明](https://www.tesla.com/support/fsd)：2026-10-19读取的当前页面；说明消费者FSD监督边界，不用于判断所有Robotaxi服务。", "line_number": 60, "category": "extraction_noise", "method_note": "抽取的是日期、来源链接或句中月份，不是财务数值；保留样本但不计数字核验通过。" }, { "id": 7, "label": "营业收入 · TTM", "reported_value": 103.619, "unit": "", "raw_text": "| 营业收入 | 96.773 | 97.690 | 94.827 | 103.619 |", "line_number": 67, "category": "fact", "expected_unrounded": "103.619", "fetched_value": 103.619, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm ; latest annual + YTD current - YTD prior", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 103.619, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 9, "label": "毛利 · FY 2024", "reported_value": 17.45, "unit": "", "raw_text": "| 毛利 | 17.660 | 17.450 | 17.094 | 19.534 |", "line_number": 68, "category": "fact", "expected_unrounded": "17.45", "fetched_value": 17.45, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026003952/tsla-20251231.htm", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 17.45, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 8, "label": "毛利 · FY 2023", "reported_value": 17.66, "unit": "", "raw_text": "| 毛利 | 17.660 | 17.450 | 17.094 | 19.534 |", "line_number": 68, "category": "fact", "expected_unrounded": "17.66", "fetched_value": 17.66, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026003952/tsla-20251231.htm", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 17.66, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 23, "label": "经营现金流 CFO · TTM", "reported_value": 18.685, "unit": "", "raw_text": "| 经营现金流 CFO | 13.256 | 14.923 | 14.747 | 18.685 |", "line_number": 71, "category": "fact", "expected_unrounded": "18.685", "fetched_value": 18.685, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm ; latest annual + YTD current - YTD prior", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 18.685, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 27, "label": "现金资本开支 · TTM", "reported_value": 12.923, "unit": "", "raw_text": "| 现金资本开支 | 8.899 | 11.342 | 8.527 | 12.923 |", "line_number": 72, "category": "fact", "expected_unrounded": "12.923", "fetched_value": 12.923, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm ; latest annual + YTD current - YTD prior", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 12.923, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 24, "label": "现金资本开支 · FY 2023", "reported_value": 8.899, "unit": "", "raw_text": "| 现金资本开支 | 8.899 | 11.342 | 8.527 | 12.923 |", "line_number": 72, "category": "fact", "expected_unrounded": "8.899", "fetched_value": 8.899, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026003952/tsla-20251231.htm", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 8.899, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 29, "label": "基础FCF（CFO−现金CapEx） · FY 2024", "reported_value": 3.581, "unit": "", "raw_text": "| 基础FCF（CFO−现金CapEx） | 4.357 | 3.581 | 6.220 | 5.762 |", "line_number": 73, "category": "derived_fact", "expected_unrounded": "3.581", "fetched_value": 3.581, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026003952/tsla-20251231.htm", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 3.581, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 36, "label": "稀释EPS（美元） · FY 2023", "reported_value": 4.3, "unit": "", "raw_text": "| 稀释EPS（美元） | 4.30 | 2.04 | 1.08 | 1.08 |", "line_number": 75, "category": "fact", "expected_unrounded": "4.30", "fetched_value": 4.3, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026003952/tsla-20251231.htm", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。", "fetched_value2": 4.3, "fetched_source2": "https://stockanalysis.com/stocks/tsla/financials/" }, { "id": 51, "label": "基础FCF · 金额", "reported_value": 5.762, "unit": "", "raw_text": "| 基础FCF | 5.762 |", "line_number": 99, "category": "arithmetic", "expected_unrounded": "5.762", "fetched_value": 5.762, "fetched_source": "https://www.sec.gov/Archives/edgar/data/1318605/000162828026049270/tsla-20260630.htm; cash bridge", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 56, "label": "公开已发行股数（十亿） · 复算结果", "reported_value": 3.949547, "unit": "", "raw_text": "| 公开已发行股数（十亿） | 3.949547 |", "line_number": 113, "category": "fact", "expected_unrounded": "3.949547394", "fetched_value": 3.949547, "fetched_source": "shares-assets-review.md", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 58, "label": "价格/TTM稀释EPS · 复算结果", "reported_value": 328.44, "unit": "倍", "raw_text": "| 价格/TTM稀释EPS | 328.44倍 |", "line_number": 115, "category": "arithmetic", "expected_unrounded": "328.444444444444444444444444444444444", "fetched_value": 328.44, "fetched_source": "价格/稀释EPS; 原始输入见 financial-verification.json", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 60, "label": "PS · 复算结果", "reported_value": 13.52, "unit": "倍", "raw_text": "| PS | 13.52倍 |", "line_number": 117, "category": "arithmetic", "expected_unrounded": "13.5205266563051177872783948889682394", "fetched_value": 13.52, "fetched_source": "市值/收入; 原始输入见 financial-verification.json", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 63, "label": "研究现金代理收益率 · 复算结果", "reported_value": 0.1, "unit": "%", "raw_text": "| 研究现金代理收益率 | 0.1% |", "line_number": 120, "category": "arithmetic", "expected_unrounded": "0.134905233737197106572015916789650569", "fetched_value": 0.1, "fetched_source": "现金桥/市值; 原始输入见 financial-verification.json", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 71, "label": "AAPL · 营业利润率", "reported_value": 33.17, "unit": "%", "raw_text": "| AAPL | 10.74 | 33.17% | 39.39 | 2.7% |", "line_number": 136, "category": "arithmetic", "expected_unrounded": "33.1729584874781234000895414321916444", "fetched_value": 33.17, "fetched_source": "同组表按各公司原始输入重算", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 76, "label": "MSFT · GAAP PE", "reported_value": 29.47, "unit": "", "raw_text": "| MSFT | 11.84 | 46.78% | 29.47 | 1.7% |", "line_number": 137, "category": "arithmetic", "expected_unrounded": "29.4735376044568245125348189415041783", "fetched_value": 29.47, "fetched_source": "同组表按各公司原始输入重算", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 145, "label": "折现率采用11.09%", "reported_value": 10.0, "unit": "", "raw_text": "折现率采用11.09%：10月16日美元10年国债收益率5.09%加主观经营风险溢价6.0%。这是经营资产要求回报假设，不冒称已由CAPM和资本结构精算的WACC。Apple/Microsoft用3.5个百分点，Google4、Amazon", "line_number": 218, "category": "extraction_noise", "method_note": "抽取的是日期、来源链接或句中月份，不是财务数值；保留样本但不计数字核验通过。" }, { "id": 109, "label": "基准 · 今天每股价值USD", "reported_value": 56.61, "unit": "", "raw_text": "| 基准 | 14.0% | 10.0% | -3%→-1%→2%→5%→8% | 8.0% | 2.5% | 56.61 |", "line_number": 225, "category": "arithmetic", "expected_unrounded": "56.6112748935589574957823296892253312", "fetched_value": 56.61, "fetched_source": "独立Decimal逐年现值+终值+净资产/情景股份", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 108, "label": "基准 · 终值增长", "reported_value": 2.5, "unit": "%", "raw_text": "| 基准 | 14.0% | 10.0% | -3%→-1%→2%→5%→8% | 8.0% | 2.5% | 56.61 |", "line_number": 225, "category": "assumption_consistency", "expected_unrounded": "2.500", "fetched_value": 2.5, "fetched_source": "valuation-assumptions.json", "method_note": "仅核对假设转录一致；不把预测当外部事实，现金路径抽取器只识别第一个数，全路径另由模型复算。" }, { "id": 130, "label": "悲观 · 退出EV/NOPAT", "reported_value": 15.0, "unit": "", "raw_text": "| 悲观 | 0.0% | 15 | 24.07 | -41.6% |", "line_number": 269, "category": "assumption_consistency", "expected_unrounded": "15", "fetched_value": 15.0, "fetched_source": "(TTM营业利润×80%×增长因子×退出倍数+净金融资产)/情景股份", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" }, { "id": 140, "label": "已持有且高度集中 · 行动规则", "reported_value": 57.0, "unit": "", "raw_text": "| 已持有且高度集中 | 现价超过核心基准57美元时复核集中度、税费与替代机会；不把七家公司当七个独立风险源。 |", "line_number": 309, "category": "arithmetic", "expected_unrounded": "56.6112748935589574957823296892253312", "fetched_value": 57.0, "fetched_source": "独立DCF基准值取整", "method_note": "按报告已声明显示精度四舍五入后核对，原始未舍入值另存。" } ]