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Tesla, Netflix drag down S&P 500, Nasdaq

BombOmOm , 11 months ago

Tesla stock is +169% YTD and +10% 1Year. Netflix stock is also doing quite well in the same timeframes. Both are pushing up the NASDAQ pretty well despite their downturns today.

Now, with that said, Tesla stock is likely heavily overvalued. As the other car manufacturers catch up to Tesla, the stock will likely decline.

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