"Pete's Dragon" tells the story of a young boy named Pete who has been living in the woods for six years after a car accident that left him an orphan. He is befriended by a friendly dragon named Elliott, who can become invisible. The two share a deep bond, enjoying adventures together. When people from the nearby town discover Pete and Elliott, they initially react with fear and skepticism. The film explores themes of friendship, acceptance, and the importance of family, ultimately highlighting the connection between humans and the magical creatures they believe in.

As of now, there is no "Pete's Dragon 2." The original "Pete's Dragon" was released in 1977, followed by a live-action/CGI remake in 2016. The remake was well-received, but Disney has not announced any plans for a sequel. While there has been interest in expanding the story, no official sequel has been produced or confirmed. For the latest updates, it’s best to keep an eye on Disney’s announcements and upcoming projects.

Yes, "Pete's Dragon" has a happy ending. The film concludes with Pete being reunited with his friends and finding a loving home with the family of Grace and her father, while the dragon, Elliot, is able to live freely in the forest. The characters experience growth and healing, and the bond between Pete and Elliot highlights themes of friendship and belonging. The ending emphasizes hope and the importance of family, leaving viewers with a sense of joy and fulfillment.

In the movie "Pete's Dragon," Elliot is a friendly, magical dragon who has been Pete's protector since childhood. Throughout the film, Elliot helps Pete navigate challenges, including escaping from those who want to capture him. In the climax, Elliot is revealed to the townspeople, leading to a confrontation with a villain who aims to exploit him. Ultimately, Elliot is accepted by the community, and after ensuring Pete is safe and happy, he decides to leave to join other dragons. The film ends with a sense of friendship and new beginnings.