Tesla Begins to Share Charging Network and Could Netflix Join the Trillion-Dollar Club? ⚡

by 26 Jul, 2021

Tesla Begins to Share Charging Network and Could Netflix Join the Trillion-Dollar Club?

Tesla

Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s current products include electric cars, battery energy storage from home to grid-scale, solar panels, and solar roof tiles, as well as other related products and services.

Tesla has decided (via. A tweet from Elon Musk) to have the company share its electrical charging station grid with other companies. With this move, Tesla would open its network of 25,000-plus chargers to non-Tesla electric vehicles.

Some have favored the move and upped their price targets on Tesla, while others have found the move odd and against the interest of Tesla as a competitor in the already very cutthroat Electric Vehicle industry. One benefit is an increase in standardizing charging stations and making them more accessible to drivers around the country regardless of what type of car they choose to drive).

Netflix

Netflix, Inc. is an American over-the-top content platform and production company headquartered in Los Gatos, California. Netflix was founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California.

Netflix is also one of the most well-known stocks as it has claimed a spot on the famous FAANG stock list, although, it is the stock with the smallest market cap on that list. Some investors have speculated if Netflix would ever reach its FAANG peers in terms of market cap and join the trillion-dollar club – perhaps by 2030.

Yet, many believe the chances of this happening are slim because of rising competition from other services like HBO, Hulu, Amazon, Disney+ and Apple TV. The biggest threat seems to be Disney, which owns a massive portfolio of their own unique content and even offers its services at lower prices than Netflix.

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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