Source: China Fund News
Although the Negotiations between Russia and Ukraine have already taken place, the market is worried about the outcome of the negotiations, and the US stock market still showed a volatile trend on Monday, and only the Nasdaq closed red.
As of the close, the NASDAQ was up 0.41 percent at 13,751.40 points; the S&P 500 was down 0.25 percent at 4,373.79; and the Dow was down 0.49 percent at 33,892.60.
While the NASDAQ "struggled" to turn red, most of the large technology stocks also closed up, Apple up 0.16%, Microsoft up 0.50%, Google A up 0.28%, Amazon down 0.15%, Nvidia up 0.94%, Meta up 0.26%, Netflix up 0.95%.
Oil prices soared, biden spoke
Solar concept stocks skyrocketed
When the market is worried about the negotiation situation between Russia and Ukraine, oil prices are also continuing to rise, with U.S. oil rising more than 4% to the $96 mark, and cloth oil rising more than 3% to return to above 100 U.S. dollars.
Under the influence of geopolitical conflicts, the price of traditional energy sources such as crude oil has fluctuated upwards, and new energy sources have become more favored.
In addition, US President Joe Biden also called for the implementation of tax credits and the establishment of a climate fund in his speech. The White House also said biden was working with U.S. allies to use all means to mitigate the impact of rising oil prices. This has further stimulated the rise of new energy concept stocks.
On Monday, SolarEdge Technologies rose 14.93 percent, Enphase Energy rose 8.44 percent and JinkoSolar rose 16.08 percent.
Oil prices are too high to benefit new energy
Tesla surged nearly 400 billion
On Monday, Eastern time, crude oil rose sharply and Biden spoke, new energy received more attention, and new energy vehicle concept stocks also soared.
Tesla, the leader of new energy vehicles, soared 7.48%, and its market value soared by $62.607 billion, or about 395 billion yuan.
According to the analysis of the financial website Benzinga, in addition to the rise in oil prices, some countries are facing pressure to reduce their dependence on Russia's energy, so the concept stock of new energy vehicles is favored by the market. Oil prices briefly broke through $100 last week. Soaring oil prices have made renewables more economically attractive and a positive development to accelerate the adoption of electric vehicles.
In addition, Tesla has exploded positive in factories, batteries, sports car sales and so on.
In terms of factories, the much-anticipated Tesla Factory in Germany is entering the final approval stage. Germany's Brandenburg state ministry of environment said on Monday that the approval process for Tesla's planned factory near Berlin was in its final stages.
Tesla is awaiting permission to start production at its electric car factory in Glenhead, outside Berlin, and at a neighboring battery factory. There are also media reports that Tesla's Berlin factory is expected to hold an opening ceremony on March 22 or 23.
In terms of batteries, Tesla suppliers are producing new batteries with stronger batteries. According to Sina Technology, Panasonic said it will start mass production of Tesla's new lithium-ion batteries at a factory in Japan by the end of March 2024. In October last year, Matsumoto unveiled the 4680 model (46 mm in diameter and 80 mm in height), which is five times larger than the battery currently supplied to Tesla, which means that the American electric car manufacturer can reduce production costs to some extent. The new battery is also expected to increase the range of the car, or help Tesla attract more electric vehicle users.
Recently, a tesla roadster was sold for $250,000, the company's highest auction price ever for the model.
The new energy vehicle sector is generally rising
The "Three Musketeers of Chinese Stocks" rose 42 billion
The new energy vehicle sector also generally rose on Monday. Among them, Weilai rose more than 9%, with a market value of 3.021 billion US dollars; the ideal rose 9.18%, the market value rose 2.47 billion US dollars; Xiaopeng rose 3.83%, the market value of 1.15 billion US dollars. The market capitalization of the three companies rose by $6.641 billion, or about 42 billion yuan.