American electric vehicle maker Tesla can be called the strongest US company in the near future
When the company owns the largest battery factory in the United States that accounts for more than 40% of US production capacity, it has a great chance to become the first phase of the Sino-US trade agreement One of the big winners.
The largest battery factory in the United States accounts for more than 40% of production capacity
Tesla’s stock price has doubled in the past three months, and this week, after surpassing the $ 500 mark, it hit a new high of $ 547.41 on Tuesday, with a market value of nearly $ 100 billion.
As of 0:00 this morning, Tesla gave back 3.3% to US $ 501.61
Although most of Tesla’s batteries are used in its electric vehicles, the company has been expanding its manufacturing of large battery packs, which can also store electricity for large grids.
Under the first phase of the China-US trade agreement, China will increase purchases of US batteries and parts. Tesla’s Gigafactory plant in Nevada accounts for 42% of the country’s total battery production, which is difficult for other US battery manufacturers to match.
Many analysts are optimistic about Tesla’s prospects. Some believe that the company has reached a critical size and raised its target stock price from $ 385 to $ 600.
Liquefied natural gas still faces heavy taxes or hinders export to China
Another major winner of the China-US agreement is the US LNG industry, mainly because China agreed to purchase an additional US $ 52.4 billion of US energy commodities within two years, accounting for a quarter of China ’s total purchase of US goods.
Among them, the United States is the world’s major LNG supplier, and China is the world’s fastest growing LNG market, but China has not imported LNG to the United States since February last year. Due to the lack of Chinese buyers, some new projects of American LNG companies cannot sign long-term sales contracts or even obtain financing.
However, China’s maintenance of a 25% tariff on US LNG may bring resistance to US LNG export to China.
Jack Fusco, chief executive of Cheniere Energy (US: LNG), an American LNG giant, said that the first phase of the agreement is a step in the right direction, and China-US LNG gas trade is expected to resume its vigorous development. The company’s stock price rose 2.2% on Wednesday and 1.3% in the early part of Thursday.