Netflix Stock Slides After Elon Musk Urges Parents to Cancel Subscriptions
Netflix shares dipped by around 2% on Tuesday, 1 October, following outspoken billionaire Elon Musk’s call for users to boycott the streaming platform.
The Tesla boss joined online criticism of Netflix, responding “Same” on X (formerly Twitter) to a user who claimed they had cancelled their account. Musk later escalated the message, writing: “cancel Netflix for the health of your kids.”
BREAKING: Netflix stock SLIDES -28 points as people being MASS CANCELLATIONS of subscriptions due to the company’s WOKE content.
Elon Musk supports the boycott saying in one post: “Cancel Netflix for the health of your kids.” pic.twitter.com/ej5ljTTY4c
— The Patriot Oasis™ (@ThePatriotOasis) October 1, 2025
The comments sparked immediate debate on social media, with Musk’s huge following amplifying the boycott sentiment.
Netflix isn’t the first major US brand to face political or cultural backlash. Just last year, Bud Light sales plummeted after a promotional partnership with transgender influencer Dylan Mulvaney triggered a storm among conservative consumers.
Retail giant Target also found itself under fire in 2023, following the launch of its Pride-themed merchandise.
Musk’s influence continues to grow alongside his remarkable financial milestones, including becoming the first person to hit a $500 billion net worth, which often drives market reactions.
Industry watchers suggest that while Musk’s remarks may temporarily weigh on Netflix stock, the company’s brand resilience and vast global subscriber base could shield it from a long-term crisis.
Despite the short-term dip, Netflix stock continues to hold strong interest on Wall Street. According to TipRanks data, 36 analysts currently rate the stock a Moderate Buy.
The breakdown includes 25 Buy recommendations, 10 Holds, and only one Sell.
The average price target of $1,400.83 indicates potential upside of nearly 20% compared with today’s trading levels.
For investors, that raises a key question, is the current slump an opportunity to buy in, or a warning sign to stay cautious?
Streaming services are no strangers to controversy, and Netflix has weathered storms before.
Yet Musk’s influence remains inarguable. With millions of followers and a track record of moving requests, his public statements frequently carry weight far beyond a single post.
For now, Netflix faces renewed scrutiny, both from investors eyeing its stock market and from parents questioning its place in family entertainment.
