Connections to Apple and differences to Netflix

Dusseldorf, Frankfurt Tech values ​​have been plummeting for the past few weeks. An extreme example is Netflix: The streaming giant’s stock has lost almost three-quarters of its value since hitting a record high of $700.99 in November. Hedge fund manager Mark Spiegel believes more stocks could follow soon. In his current letter to investors, he names another crash candidate: the e-car manufacturer Tesla.

For years, Netflix’s rating was based on its pioneering position in the streaming sector, Spiegel explained. “But as soon as it was proven that such a market existed, it was overrun by countless competitors.” When it became known in April that Netflix was no longer growing exponentially but was losing subscribers, the stock collapsed. Something similar is in store for the e-car builder, Spiegel predicted: “Tesla is Netflix.”