#Gate广场万圣节 Iranian FM: Strait of Hormuz “will not be the same as before”; the outcome will be the same if the US launches another war
Xinhua News Agency, Tehran, October 25 (Xinhua) — Iranian Foreign Minister Araghchi said on the 25th that following the US and Israel’s war against Iran, “fundamental and strategically significant” changes had taken place in the region, and the management of the Strait of Hormuz and its shipping routes “will no longer be the same as before.”
Speaking at a ceremony in Tehran that day, Araghchi said the Strait of Hormuz had remained open for decades. Iran and Oman, as coastal countries, had always worked to ensure the strait’s security and had never imposed any obstacles on traffic through it.
But the US-Israeli war against Iran “changed everything”: shipping routes through the Strait of Hormuz will no longer be as they were, and the way the strait is managed has also changed.
He said Iran’s national policy would not change, regardless of whether a new round of attacks against Iran takes place. “If the other side still has any sense, it will not try to launch new military attacks or commit aggression against the Iranian people.” Araghchi said regional security should be ensured by countries in the region, and Iran and other regional countries must coexist peacefully without interference from outside powers. This is the only way to achieve regional peace, security and stability.
He said Iran was willing to cooperate with all countries in the region, especially those along the Persian Gulf.

#美股财报季 #Gate广场万圣节 Tesla: Earnings beat expectations, yet the stock closed lower—is this an unjustified selloff?
This isn’t an earnings collapse; the market is repricing the “cost of the transition period.”
Break down the numbers, and it’s really a case of “good earnings, bad stock performance.”
- Revenue was $28 billion, flat YoY; net income was $787 million, down 43%—the money wasn’t lost, it was eaten up by R&D: R&D was $2.76 billion (+69%), and operating expenses rose 39% overall.
​- But gross margins are rising: automotive gross margin excluding credits was 18.1% (16.7% expected), energy storage gross margin soared to 33.1%, and Megapack capacity for 2027 is basically sold out.
​- Free cash flow was +$1.5 billion (market expectation: -$4.4 billion), and cash stood at $45.4 billion—plenty of cushion.
The truly valuable change is in the “revenue mix”:
- FSD paid subscribers reached 1.74 million (+67%); 75% of new vehicles in North America are optioned with FSD—the car-selling business is turning into a subscription business;
​- The Austin Cybercab fleet has logged nearly 2 million miles of unsupervised driving, an 8x increase in one quarter, with a launch in Dallas next month.
Why did the stock fall?
There’s only one reason: capex was cut from $25 billion to $20 billion. The market interpreted this as “pushing back the profitability timelines for Robotaxi/Optimus.” This isn’t a cut to the vision, but a cut to the pace.
Risks: BYD’s all-electric vehicle sales led by 300,000+ in the first three quarters, and Chinese automakers have overtaken Tesla in gross margin; Musk himself said Optimus mass production is “at least another year away”; Robotaxi expansion is held up by regulatory approvals.
Watch three near-term catalysts—the pace of launches in new cities like Dallas, whether net FSD subscription additions can continue, and whether Q4 cash flow stays positive.
The valuation already prices in the next ten years (Morgan Stanley’s price target is $410), making this a high-volatility transition stock that “uses the present to fund the future”—suited to tracking and validating, not going all-in on the story. #每周来晒