this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s to c/technology
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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.

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[–] anewbeginning 21 points 1 year ago (1 children)

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.

[–] [email protected] 2 points 1 year ago (2 children)

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

[–] BB69 10 points 1 year ago (1 children)

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.

[–] [email protected] -1 points 1 year ago (1 children)

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 1 points 1 year ago (1 children)

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

[–] [email protected] -1 points 1 year ago* (last edited 1 year ago)

1 year charts are really common and use the first/last comparison as well as the 52 weeks range.

[–] Asifall 6 points 1 year ago

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