Tesla Inc. and Netflix Inc. may have first-mover benefits in their categories but that’s where the similarities end for the companies, Ark Investment Management analyst Brett Winton wrote in a Twitter post on Tuesday.
What Happened
The Tesla bull analyst was responding to early-stage venture SK Ventures’ co-founder Paul Kedrosky’s view that there are parallels between the two companies and their stocks.
Kedrosky said Tesla had likely reached a peak in 2021 for its market share and margin, given the “gobsmacking” number of EVs being introduced in the market.
“One thing I find amusing about many people caught in the Netflix trade—a first-mover facing rising competition for a flat market—is that they don’t see any Tesla parallels,” Kedrosky wrote in a post.
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