如果含上市前数据，截至2024年底，蔚来累计亏损已超1000亿元，而2025年前三季度总亏损152.2亿元，尽管亏损在持续收窄、营收规模在增长，但常年保持近20%的高研发投入，叠加庞大的基础设施运营成本，如同两道枷锁，让蔚来难以脱身。这正是李斌急于将芯片、换电业务分拆融资的核心动因：通过“分拆”将巨额研发成本移出上市公司报表，缓解资本市场对“千亿亏损”的担忧。
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OpenClaw 和普通聊天机器人完全不同。它是一个运行在你自己电脑上的 AI Agent，拥有文件读写、终端命令、浏览器操作、邮件和日历等系统级权限。采用无头架构（Headless Architecture）作为后台守护进程运行，不依赖专门界面，通过 WhatsApp、Telegram、Discord 等聊天工具与你交互。你发一条消息，它就像一个隐形员工一样在后台为你工作，无论你是否在电脑前。
From there, Michael took a less conventional path than many Silicon Valley executives by moving into government, serving from 2009 to 2011 as a White House fellow under President Barack Obama, serving as special assistant to then–Defense Secretary Robert Gates at the DOD where he managed projects in Afghanistan, Iraq, and Pakistan and oversaw efforts aimed at reducing bureaucracy to provide resources to soldiers.