Can Musk’s SNL Appearance Move Markets for Tesla? — Catch Me on Cheddar!

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Published: April 27, 2021

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Can Musk's SNL Appearance Move Markets for Tesla? — Catch Me on Cheddar!


Hey, traders,

If you missed your shot to catch my latest appearance on Cheddar, well don't worry... because I have you covered!

During Monday's sit down, I got a chance to talk about the latest tech earnings news.

Netflix Inc. (Nasdaq: NFLX) stock is down 7.5% after beating earnings but missing big on its subscriber growth target by a cool 2 million users.

NFLX blamed the miss on last year's massive 15.8 million user spike at the beginning of the pandemic screwing up its projections.

Similarly, Tesla Inc. (Nasdaq: TSLA) is down more than 4% on the heels of a mixed earnings report. Tesla posted record profits for the third quarter in a row Monday, with adjusted earnings hitting the $1 billion mark for the first time.

The company reported $9 billion in total revenue, a small drop from Q4 2020, but still up 75% year-over-year. Critics knocked the numbers, saying TSLA relies on its revenue from selling carbon credits and Bitcoin trading more than its cars and solar panels.


But that could all change on a dime in two weeks. It's going to be interesting to see how CEO Elon Musk responds to the reaction during his May 8 hosting appearance on Saturday Night Live.

It might sound crazy, but numbers for what deliveries will look like — or projections for Chinese growth — may not be a major thing this quarter.

We've seen in the past how a single tweet from his account about Dogecoin or Bitcoin can move those assets. So all bets are off when Musk has 90 minutes of live broadcast television to play with.

Check out my appearance on Cheddar and let me know what you think by responding directly to this email!


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