<p>回顧過去十年及更久，我認為沒有多少人會否認 <strong>特斯拉</strong> 的成功是多麼令人印象深刻。這家由頗具爭議的首席執行官埃隆·馬斯克領導的創新企業，以其電動汽車（EV）顛覆了全球汽車行業。</p>
<p>儘管截至 6 月 10 日，電動車股票的交易價格比峯值低 32%，但在過去十年中仍然上漲了 1,810%。這種長期表現使其成為全球最大的科技公司之一，這也是為什麼美國銀行分析師邁克爾·哈特內特在 2023 年提出 “七大奇蹟” 時將其納入其中。然而，我認為是時候將這家電動車製造商從這個非正式的分組中移除，並用更有資格的 <strong>奈飛</strong>（NFLX -0.35%）替代。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjEzMTIvbGVmdC1oYW5kLWhvbGRpbmctcmVtb3RlLXdhdGNoaW5nLXN0cmVhbWluZy10di5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjEzMTIvbGVmdC1oYW5kLWhvbGRpbmctcmVtb3RlLXdhdGNoaW5nLXN0cmVhbWluZy10di5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>特斯拉的掙扎難以忽視</h2>
<p>多年來，特斯拉的股東習慣於看到公司註冊令人矚目的銷售增長。然而，情況現在並不那麼樂觀。在第一季度，其汽車收入同比下降了 20%。在 2024 年，它報告了首次出現的交付量同比下降。而且，由於利率上升和競爭環境加劇，公司盈利能力持續下滑，給其汽車需求帶來了下行壓力。</p>
<p>馬斯克在政治領域的推動最初可能被一些投資者視為積極，因為他正在為自己在華盛頓特區獲得更多影響力而努力，這可能從監管角度使特斯拉受益。但他在唐納德·特朗普總統內圈的時間以及他最近退出政治的舉動，以及他與特朗普之間的公開爭執，都是巨大的干擾，確實損害了特斯拉的品牌。</p>
<p>可以肯定地説，這家曾經在快車道上的公司現在正陷入交通堵塞。特斯拉需要做大量工作才能恢復往日的輝煌。</p>
<h2>奈飛持續獲勝</h2>
<p>儘管特斯拉麪臨重回正軌的挑戰，奈飛卻繼續蓬勃發展。這家流媒體股票在過去十年中上漲了 1,200%。該公司在 2024 年新增了 4100 萬淨客户，使其總數在年底接近 3.02 億。雖然奈飛選擇從今年開始停止公開報告其訂閲用户數量，但在第一季度，其收入同比增長了 12.5%。</p>
<p>這家流媒體平台似乎已經飽和。然而，聯合首席執行官格雷格·彼得斯認為，仍然有 “數億人可以註冊”。通過繼續專注於在全球範圍內創造引人入勝的內容，奈飛有能力繼續擴展。華爾街的共識分析師預計，其收入在 2024 年至 2027 年間將以 12.3% 的複合年增長率上升。</p>
<p>流媒體行業與汽車市場一樣，競爭非常激烈。奈飛的聯合創始人和前首席執行官裏德·哈斯廷斯曾表示，他將睡眠視為公司的主要競爭對手。我認為這並不誇張。奈飛面臨着消費者在放鬆和休息時可以進行的所有其他活動的競爭。</p>
<p>但更具體地説，今天人們幾乎可以隨時隨地選擇無限的觀看選項。儘管如此，奈飛仍處於領先地位。尼爾森的數據表明，奈飛在美國 4 月份佔據了 7.5% 的視頻觀看時間，僅次於 YouTube，由於後者主要以用户生成內容為主，因此並不完全可比。</p>
<p>憑藉其龐大的訂閲用户基礎和過去 12 個月的 400 億美元收入，奈飛在內容和營銷方面有很強的財務實力。它每年仍能帶來數十億美元的自由現金流。</p>
<p>值得強調的是，“七大奇蹟” 並不是像 <strong>標準普爾 500</strong> 那樣的官方指數。然而，隨着每個季度的過去，奈飛繼續證明自己值得與該組中的科技巨頭提及。鑑於這家流媒體先驅的持續成功，它應該在那個獨特的俱樂部中，而不是特斯拉。</p>

奈飛

<p>文章認為奈飛應該取代特斯拉在 “七大巨頭” 中的位置，原因是特斯拉的汽車收入下降和盈利能力面臨挑戰，包括第一季度同比下降 20% 的收入和首次出現交付量下降。相比之下，奈飛在過去十年中股價上漲了 1200%，在 2024 年新增了 4100 萬客户，並在第一季度實現了 12.5% 的收入增長。憑藉強勁的財務狀況和對內容的關注，奈飛有望繼續取得成功，這為其在科技巨頭中佔有一席之地提供了有力的支持</p>

<p>Looking back over the past decade and beyond, I don't think there are many folks out there who would deny just how impressive <strong>Tesla</strong>'s success has been. This innovative business, led by polarizing CEO Elon Musk, disrupted the global auto industry with its electric vehicles (EVs).</p>
<div class="lb-trans"><p>回顧過去十年及更久，我認為沒有多少人會否認 <strong>特斯拉</strong> 的成功是多麼令人印象深刻。這家由頗具爭議的首席執行官埃隆·馬斯克領導的創新企業，以其電動汽車（EV）顛覆了全球汽車行業。</p>
</div><p>While the EV stock trades 32% below its peak (as of June 10), that's still a gain of 1,810% in the past 10 years. That long-term performance made it one of the world's largest tech companies, which is why Bank of America analyst Michael Hartnett gave it a spot in the &#34;Magnificent Seven&#34; when he introduced the idea of the group in 2023. However, I think it's time to swap the EV maker out of this unofficial grouping and replace it with the more-deserving <strong>Netflix</strong>(NFLX -0.35%).</p>
<div class="lb-trans"><p>儘管截至 6 月 10 日，電動車股票的交易價格比峯值低 32%，但在過去十年中仍然上漲了 1,810%。這種長期表現使其成為全球最大的科技公司之一，這也是為什麼美國銀行分析師邁克爾·哈特內特在 2023 年提出 “七大奇蹟” 時將其納入其中。然而，我認為是時候將這家電動車製造商從這個非正式的分組中移除，並用更有資格的 <strong>奈飛</strong>（NFLX -0.35%）替代。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjEzMTIvbGVmdC1oYW5kLWhvbGRpbmctcmVtb3RlLXdhdGNoaW5nLXN0cmVhbWluZy10di5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F821312%2Fleft-hand-holding-remote-watching-streaming-tv.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Tesla's struggles are hard to ignore</h2>
<div class="lb-trans"><h2>特斯拉的掙扎難以忽視</h2>
</div><p>Over the years, Tesla shareholders grew used to seeing the company register jaw-dropping sales growth. The picture isn't so rosy anymore, though. Its automotive revenue declined 20% year over year in Q1. In 2024, it reported its first-ever year-over-year drop in deliveries. And the company's profitability has continued to slide as higher interest rates and a more competitive environment have put downward pressure on demand for its vehicles.</p>
<div class="lb-trans"><p>多年來，特斯拉的股東習慣於看到公司註冊令人矚目的銷售增長。然而，情況現在並不那麼樂觀。在第一季度，其汽車收入同比下降了 20%。在 2024 年，它報告了首次出現的交付量同比下降。而且，由於利率上升和競爭環境加劇，公司盈利能力持續下滑，給其汽車需求帶來了下行壓力。</p>
</div><p>Musk's push in the political arena might at first have been viewed positively by some investors, as he was positioning himself to have more influence in Washington, D.C., which could have benefited Tesla from a regulatory perspective. But both his time in President Donald Trump's inner circle and his more recent exit from politics, as well as his highly public spat with Trump, have been huge distractions that have certainly damaged Tesla's brand instead.</p>
<div class="lb-trans"><p>馬斯克在政治領域的推動最初可能被一些投資者視為積極，因為他正在為自己在華盛頓特區獲得更多影響力而努力，這可能從監管角度使特斯拉受益。但他在唐納德·特朗普總統內圈的時間以及他最近退出政治的舉動，以及他與特朗普之間的公開爭執，都是巨大的干擾，確實損害了特斯拉的品牌。</p>
</div><p>It's safe to say that a company that was once in the fast lane is now stuck in traffic. Tesla will have a lot of work to do in order to get back to its prior glory.</p>
<div class="lb-trans"><p>可以肯定地説，這家曾經在快車道上的公司現在正陷入交通堵塞。特斯拉需要做大量工作才能恢復往日的輝煌。</p>
</div><h2>Netflix just keeps winning</h2>
<div class="lb-trans"><h2>奈飛持續獲勝</h2>
</div><p>While Tesla faces a battle to get itself back on track, Netflix continues to flourish. The streaming stock is up 1,200% in the last decade. The company added 41 million net new customers in 2024, bringing its total to nearly 302 million at year's end. While Netflix chose to stop publicly reporting the number of subscribers it has starting this year, it did increase revenue by 12.5% year over year in the first quarter.</p>
<div class="lb-trans"><p>儘管特斯拉麪臨重回正軌的挑戰，奈飛卻繼續蓬勃發展。這家流媒體股票在過去十年中上漲了 1,200%。該公司在 2024 年新增了 4100 萬淨客户，使其總數在年底接近 3.02 億。雖然奈飛選擇從今年開始停止公開報告其訂閲用户數量，但在第一季度，其收入同比增長了 12.5%。</p>
</div><p>It might seem like this streaming platform has saturated its market. However, co-CEO Greg Peters believes there are still &#34;hundreds of millions of folks to sign up.&#34; By continuing to focus on creating compelling content offerings all over the world, Netflix is in a position to keep its expansion going. Wall Street's consensus analyst estimates are for its revenue to rise at a compound annual rate of 12.3% between 2024 and 2027.</p>
<div class="lb-trans"><p>這家流媒體平台似乎已經飽和。然而，聯合首席執行官格雷格·彼得斯認為，仍然有 “數億人可以註冊”。通過繼續專注於在全球範圍內創造引人入勝的內容，奈飛有能力繼續擴展。華爾街的共識分析師預計，其收入在 2024 年至 2027 年間將以 12.3% 的複合年增長率上升。</p>
</div><p>The streaming industry, like the automotive market, is extremely competitive. Netflix co-founder and former CEO Reed Hastings previously said that he counts sleep among the company's key competitors. I don't believe this was a stretch. Netflix goes up against all the other activities consumers can do when it's time to wind down and relax.</p>
<div class="lb-trans"><p>流媒體行業與汽車市場一樣，競爭非常激烈。奈飛的聯合創始人和前首席執行官裏德·哈斯廷斯曾表示，他將睡眠視為公司的主要競爭對手。我認為這並不誇張。奈飛面臨着消費者在放鬆和休息時可以進行的所有其他活動的競爭。</p>
</div><p>But to be more specific, people have an almost unlimited number of viewing options at their fingertips today. Netflix is in the lead, though. Data from Nielsen shows that Netflix commanded 7.5% of video viewing time in the U.S. in April, only behind YouTube, which isn't necessarily an apples-to-apples comparison due to the latter largely featuring user-generated content.</p>
<div class="lb-trans"><p>但更具體地説，今天人們幾乎可以隨時隨地選擇無限的觀看選項。儘管如此，奈飛仍處於領先地位。尼爾森的數據表明，奈飛在美國 4 月份佔據了 7.5% 的視頻觀看時間，僅次於 YouTube，由於後者主要以用户生成內容為主，因此並不完全可比。</p>
</div><p>With its massive subscriber base, and trailing 12-month revenue of $40 billion, Netflix has the financial strength to spend a lot on content and marketing. And it's still able to bring in billions in free cash flow each year.</p>
<div class="lb-trans"><p>憑藉其龐大的訂閲用户基礎和過去 12 個月的 400 億美元收入，奈飛在內容和營銷方面有很強的財務實力。它每年仍能帶來數十億美元的自由現金流。</p>
</div><p>It's important to highlight that the &#34;Magnificent Seven&#34; is not an official index like the <strong>S&amp;P 500</strong> is. However, with each passing quarter, Netflix continues to make the case that it deserves to be mentioned with the tech giants in that group. Given the streaming pioneer's ongoing success, it belongs in that exclusive club instead of Tesla.</p>
<div class="lb-trans"><p>值得強調的是，“七大奇蹟” 並不是像 <strong>標準普爾 500</strong> 那樣的官方指數。然而，隨着每個季度的過去，奈飛繼續證明自己值得與該組中的科技巨頭提及。鑑於這家流媒體先驅的持續成功，它應該在那個獨特的俱樂部中，而不是特斯拉。</p>
</div>

Why Netflix Should Replace Tesla in the "Magnificent Seven"

- 特斯拉在過去十年取得了 1,810% 的增長，但近期面臨銷售和盈利下滑。  
- Netflix 在 2024 年新增 4100 萬用户，收入同比增長 12.5%。  
- 分析師認為 Netflix 應取代特斯拉，成為 “七大巨頭” 之一。  

為什麼奈飛應該取代特斯拉，成為 “七大巨頭” 之一