Dynamic Changes in Exchange Rate Movements and Tesla Stock Yields

DOI

10.2991/aebmr.k.220405.269How to use a DOI?

Keywords

Tesla; exchange rates; stock yields; new energy industry

Abstract

From the perspective of globalization, the development of the new energy industry has become a key issue in the fields of economy and so on. Tesla Inc., one of the activists who intensively attempts to put new energy into car production, is increasingly dominating the market of the entire auto industry. However, it is difficult to manage its market share as there exist several economic uncertainties, especially exchange rate uncertainty which hinders the global economy from macroeconomic convergence. Therefore, unless can people accurately analyze the exchange rate, or it will be quite hard for them to make higher profits in the stock market. This paper mainly discusses the dynamic changes in EURUSD and CNYUSD and Tesla stock yields. Additionally, how the stock of the new energy industry fluctuates with exchange rates has also been considered. The result shows that CNYUSD has a more powerful influence on Tesla stock yields and marketers, therefore, should pay more attention to exports in China. It also concludes that exchange rates are highly correlated with the fluctuations in the new energy industry.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Zhenxi Gong
AU  - Xinyan Li
AU  - Xueer Shi
PY  - 2022
DA  - 2022/04/29
TI  - Dynamic Changes in Exchange Rate Movements and Tesla Stock Yields
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 1615
EP  - 1621
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.269
DO  - 10.2991/aebmr.k.220405.269
ID  - Gong2022
ER  -