Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

  • anewbeginning@lemmy.world
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    1 year ago

    They went to the stock chart, picked the latest peak, and wrote the article of doom. It’s down 20% a year ago, but up 20% for the last 6 months, and up 119% YTD.

    Not that Tesla doesn’t have its ills or seems to be stagnating, but picking points in a chart is a feeble argument.

    • SpeakinTelnet@sh.itjust.works
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      1 year ago

      That 119% is based on the lower peak you cherry picked, you just did exactly what you complained the article did.

      • BB69@lemmy.world
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        1 year ago

        No… TSLA was at 108.10 on 1/3. TSLA closed today at 236.86.

        So from the beginning of the year to today (meaning year to date), the stock price is up by 119%. That’s not an arbitrary measurement. YTD is used all the time.

        • SpeakinTelnet@sh.itjust.works
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          1 year ago

          And so is using the value at the same date last year. Both are really commonly used but display a really different picture.

          Cherry picking is not even about if it’s commonly used or not, it’s about using a specific data point to convey the message you want to.

          • BB69@lemmy.world
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            1 year ago

            A random time at a one year point isn’t commonly used. You compare starts and finishes of quarters YOY, not a random Tuesday YOY

      • Asifall@lemmy.world
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        1 year ago

        YTD is a pretty common way to look at stocks and isn’t really cherry picking