Dynamic Changes in Exchange Rate Movements and Tesla Stock Yields

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.