this post was submitted on 23 Aug 2023
754 points (96.9% liked)
Technology
59096 readers
5110 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.
That 119% is based on the lower peak you cherry picked, you just did exactly what you complained the article did.
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.
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.
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
1 year charts are really common and use the first/last comparison as well as the 52 weeks range.
YTD is a pretty common way to look at stocks and isn’t really cherry picking