this post was submitted on 23 Aug 2023
754 points (96.9% liked)

Technology

59101 readers
5287 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
754
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
250 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [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