Tesla (TSLA) Has Cut Model Y Price By 20% This Year & Netflix (NFLX) Gets Upgrade

Tesla (TSLA) announced more U.S. vehicle price cuts. Renita Young discusses this news ahead of TSLA's earnings announcement. TSLA cut the Model Y "long range" and "performance" vehicles by $3,000 and the Model 3 "rear-wheel drive" by $2,000. TSLA has cut Model Y U.S. vehicle prices by 20% this year. Renita also goes over Netflix's (NFLX) earnings. Its adjusted EPS came in at $2.88 versus an estimated $2.83 and its revenue came in at $8.16B versus an estimated $8.18B. UBS upgraded NFLX to buy from neutral and raised its price target to $390 from $350. Tune in to find out more about the stock market today.

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19 Apr 2023

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