Tesla Holds on As Markets Fall and Netflix’s Big Events 🎬

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Tesla Holds on As Markets Fall and Netflix’s Big Events

Tesla

Tesla is making the headlines once again! And this time Elon Musk is quite happy. Tesla managed to deliver around half a million vehicles to customers in 2020. In reaction to this good news both Elon Musk as well as Tesla shareholders celebrated, with Elon himself tweeting “So proud of the Tesla team for achieving this major milestone! At the start of Tesla, I thought we had (optimistically) a 10% chance of surviving at all” and shareholders greeting their portfolios with a nice 5% gain to add on to the already tremendous 740% run from 2020.

This success is a far cry from the struggles of 2008 where Tesla was barely surviving financially and 2018’s Model 3 “production hell”.  Such immense progress contributes to Tesla bulls viewing the future of Tesla as brighter than ever and bears adding more weight to Tesla’s financial overvaluation.

Netflix

Netflix has been one of the hottest stocks for a while, recognizable on the popular FAANG acronym (Facebook, Amazon, Apple, Netflix, and Google). In the coming months, Netflix has some key opportunities lined up. First off, Netflix has many Original Movies contending for a Golden Globe. Winning could show that Netflix can successfully create films, a multi-billion-dollar industry.

Moreover, a strong performance at the Golden Globes could prop up Netflix for a potential Oscar nomination on January 13th, a date many investors are marking on their calendar. Although this news may be positive, new competition is entering Netflix’s space. For example, Disney+, a service providing access to beloved childhood movies for millions of people, has added 20 million subscribers whereas Netflix’s U.S. subscriber growth forecast was unusually low for the fourth quarter.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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