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

Technology

62172 readers
4706 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 other!
  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
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s
enu
technopagan
L4s
754
Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 2 years 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
[–] anewbeginning 21 points 2 years ago (6 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 2 years ago (5 children)

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

[–] Asifall 6 points 2 years ago

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

load more comments (4 replies)
load more comments (4 replies)